Solutions For Your Business: Accounts Payable

Changing the Economics of Supply Management

Improve performance and reliability

Expensive, manual, error-prone accounts payable processes can cost your organization time and money. Long cycle times can mean late payment penalties and an inability to take advantage of negotiated payment discounts. The lack of automated and integrated trade promotion information can prevent invoice comparisons and accurate current period deductions. This directly affects your enterprise operational efficiency and can impact productivity across the entire extended value chain.

How can you transform your accounts payable processes to improve cash flow and increase reliability in procurement to payment decisions?

With successful implementations worldwide, Global 360 understands the accounts payable challenges you face. Our Accounts Payable solutions can help your company change the economics of supply management by focusing on performance improvements, including:

  • Increase "straight-through processing," so that processor staff and approvers can focus on value-added tasks.
  • Improve prioritization of payables as well as tracking of organizational performance.
  • Achieve balance of workload and staffing for the human-intensive part of the process.
  • Determine optimal payment strategies for cash management, taking into account multiple factors like preferred vendor status, discount rates, and negotiated payment terms.

Increase productivity for your people, and your process

Benchmark studies show that leveraging frameworks can dramatically improve time-to-value for your organization. Global 360's solution frameworks deliver a robust yet easy-to-use A/P solution that enables every process participants to work more efficiently, effectively and quickly. Instead of focusing on the way work moves through a process, our solutions focus more broadly on the way work gets done by empowering all the people critical to your success. This approach enables us to help your A/P team:

  • Automate collection, organization, management and tracking of required documents
  • Automate work distribution, prioritization, and management
  • Optimize business and enhance management abilities that enable implementation of your enterprise supply management strategy
  • Improve cash management to minimize late penalties and maximize discounts with greater predictability of cash flow
  • ;Focus on higher value tasks such as quality assurance, contract, and policy compliance, as well as reporting and analysis for process improvement

By giving your A/P team powerful collaborative tools, our solutions empower...

  • ... Each of your employees with an intuitive, useful interface that delivers only the information needed to do their jobs, which makes tasks like prioritizing payables or capturing payables documents move more efficiently, and with less errors.
  • ... Your managers and executives with increased insight and transparency into the business, enabling them to make smarter decisions, track organizational performance, and improve governance with a full audit trail.
  • ... Your developers and designers by enabling them to automate the process faster, easily maintain systems, and make the best use of tight deployment dollars.

Change how work gets done for immediate ROI

Our emphasis on empowering your people, process and business has helped us deliver real results for organizations just like yours to automate paper, speed cycle time, and reduce errors. Working with us, your company can increase cash flow, enhance visibility and improve relationships with partners and vendors.

Take the first step towards greater productivity and improved corporate performance:

Customer Success Story

See how Irish Life changed how they get their work done.

Results

CIBA Vision increased their AP invoice processing by 37%, improved document turnaround from 5 days to less than 24 hours, and is now able to process 6,000 to 8,000 vouchers per month and provide 300 users with self-service for their inquiry requests.

Optimize Your Accounts Payable Solution

Learn how to optimize financial performance by automating the business processes associated with the accounts payable function.

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