An advanced cognitive technology and innovation system, including IBM Watson®, integrated into APEX Analytix software and services to drive continuous financial improvement for our clients through smarter recoveries, controls, analytics and working capital.
A supplier portal can make a huge impact on any global financial organization. Companies using portal technology for supplier onboarding, supplier self-service, reporting and discounting can experience significant, bottom-line benefits—from lower costs and risks to improved insights that benefit future contract negotiations. To extend the returns on their supplier portal investment even further, many companies are now adding e-invoicing capabilities.
Today’s businesses collect huge volumes of transactional data, much of it found in vendor master files and payables databases. But are you getting maximum value out of what you collect? Adding specialized analytics and big data expertise to your operations can help you get the most out of the data you own—managing your spend more effectively.
These five best practices—culled from some of the industry’s largest and most successful procure-to-pay teams—can help you break through barriers and move your operations from “good” to “great.”
In an Aberdeen Group study, nearly half of retailers said their business systems are inadequate to support the new ways they do business.
Are you using the procurement data your company gathers to its maximum benefit? Companies who harness and analyze that data effectively are able to make smarter, better-informed decisions that benefit their business in significant new ways.
Procure-to-pay teams struggling to manage an exponential growth in data, see technology as the answer. During a crowdsourced workshop led by APEX Analytix, procure-to-pay leaders discussed the expectations gap, the top implementation barriers and the typical project failures. Learn the top three solutions experts say are key steps companies can take to make certain they get the most out of their technology investment.
Are you ready to adopt dynamic discounting? Shared services executives recommend best practices – including three that are especially critical to success.
