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Strategic Transformation of Accounts Payable driven by People, Process, Data and Technology

Here's the panel discussion with Shared Services leaders chaired by our CEO, Partha at the SSON AP Automation Digital Summit 2022. The panel discussion was part of a 3 day summit that was attended by Finance and Shared Services leaders across the globe.

The discussion covered -

Background of Account Payables operations - Scale and Complexity of Operations

  • Motivations & KPIs that organizations are looking to improve (e.g. on-time payment, reduce cost/transaction, improve cash management)

  • Sub- processes targeted to transform (e.g. invoice processing, payment processing, vendor account reconciliation)

  • Past experience of transformation, vendor behaviour change

Technologies used to drive transformation

  • Process mining tools

  • OCR/IDP/ML solutions

  • RPA or low code solutions

  • Share experience - challenges & lessons learnt

Data strategy to support continuous transformation

  • Master Data Management

  • Connecting the dots ..(aka data)

People Focus

  • Inspiring the team to do more while managing concerns

  • Upskilling AP professionals with digital, AI and automation skills

Here's the recording -

Get in touch to transform your Account Payables processes!

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