Talk to almost any accounts payable or shared services team and you’re likely to hear the same priorities. Think improved discount capture, cash flow management and payment terms standardization. But you’ll also find forward progress on these priorities is painfully slow.
In an article posted on the SharedServicesLink ShareSpace, APEX Analytix SVP Danny Thompson says many organizations simply lack the basic supplier data they need to drive improvements. But he shares a three-step, technology-driven approach you can use to resolve the data dilemma. You’ll also find a link to a free benchmarking survey and report that shows where best-in-class performers are focusing for the best ROI.