Cor­po­rates enti­ties con­tin­ue to make steady progress in their march to stream­line and auto­mate their order-to-invoice process­es. Over the past decade, most large cor­po­rates have deployed sup­pli­er por­tals, imple­ment­ed e‑invoicing solu­tions and dri­ven improve­ment in pro­cess­ing effi­cien­cy through work­flow automa­tion. While most com­pa­nies still have sig­nif­i­cant oppor­tu­ni­ty to fur­ther improve effi­cien­cy, the most pro­gres­sive orga­ni­za­tions are shift­ing their focus to the ​“last mile” of Pro­cure-to-Pay (P2P) and unlock­ing the hid­den val­ue in their approved invoices.

How are orga­ni­za­tions unlock­ing approved invoice val­ue? Sim­ple. By tap­ping into plat­forms like SAP Ari­ba, com­pa­nies are able to upload their approved invoic­es to a B2B Net­work, col­lab­o­rate with trad­ing part­ners to offer/​request ear­ly pay­ment and uti­lize pay­ment net­works to set­tle elec­tron­i­cal­ly in a sim­ple, secure and cer­tain environment.

The shift from a focus on process effi­cien­cy to effec­tive­ness is hav­ing a pro­found impact on the tra­di­tion­al roles of pro­cure­ment and finance.Increasingly these func­tion­al teams are work­ing more close­ly togeth­er and team­ing up to more strate­gi­cal­ly man­age sup­pli­er relationships.These trends are accel­er­at­ing and blend­ing the tra­di­tion­al phys­i­cal sup­ply chain with the finan­cial sup­ply chain.

Attend this inter­ac­tive web­cast, so that you can:

• Learn how SAP Ariba’s Strate­gic Payables plat­form unlocks the val­ue of approved invoices
• Explore how your finan­cial sup­ply chain ben­e­fits from an inte­grat­ed Pro­cure-to-Pay approach
• Under­stand the pow­er of a net­work cen­tric approach to B2B pay­ments and financing

Speak­ers:

Brent Kin­man, VP Glob­al Net­work Payables, SAP

Alan Cohen, VP Work­ing Cap­i­tal Strate­gis, SAP