America's leading companies anticipate a decrease in sales, capital expenditures and employment during the next six months. However, standardizing and automating business processes such as Accounts Payable (AP) is the way to ensure that your organization can weather the economic crisis.
CFO's are looking at AP optimization solutions to meet their goals during this economic downturn. When addressing today's pressing issues of cost containment and cash flow optimization, and adding risk mitigation to the mix, it is critical to first automate and then actively manage your most basic business processes as part of a broader business process management initiative.
The benefits derived from a sound process management strategy -- including flexible workflow models, transparency to business-critical information, and the elimination of non-value-added tasks -- should be actively sought out in an economic downturn, not deferred. Catalysts for change emerge throughout the economic cycle, and counter-intuitive leaders leverage their organization's current budget imperatives rather than succumb to them. Enabling process optimization can be game-changing for an organization in times of financial duress.
By listening to this Podcast, you will:
- Gain insight into why corporate finance has never been more reliant on optimized systems and processes to aid in unlocking cash flows - expensive and rare credit flows demand that all business processes contribute more to positive cash flow
- Learn what the expected payback is from an optimized AP process in terms of cost containment, cash flow optimization and risk mitigation
- Discover how to manage both business risk and process risk and the benefits derived from a sound process management strategy
- Understand what it takes for AP to assist an organization to 'grow' out of the recession
CIO Research Library
