Procure-to-Pay Leader’s Summit

May 22nd – 24th 2012,

Chicago, IL

To Register

Are you concerned about how you on going to make your 2012 objectives? Would you like to take with people have been successfully in reducing headcount and increasing productivity (i.e. invoices processed per FTE each year); increasing spend visibility to enable cash flow analysis and forecasting; improving supplier quality e.g. submission accuracy; reducing supplier management costs (to maintain required information and meet regulatory requirements), etc.?

Attend the Sharedserviceslin.com Summit for Procure-to-Pay Leaders to meet leading practitioners and network with your peers.

To Register

 Who will be attending this event?

• Heads of Procure to Pay
• Heads of Accounts Payable
• Heads of Procurement
• Heads of Shared Services
• IT managers
• Heads of Treasury

Why would they come? What targets are they tasked with hitting?

• Reduce headcounts and increase productivity (i.e. invoices processed per FTE each year)
• Reduce AP total labor cost
• Reduce costs per invoice
• Increase spend visibility to enable cash flow analysis and forecasting
• Reduce the procure-to-pay process cycle times
• Increase payments on time
• Improve supplier quality e.g. submission accuracy
• Reduce supplier management costs (to maintain required information and meet regulatory requirements)
• Reduce supplier inbound requests requiring non-system intervention
• Reduce % of ‘electronic’ invoices scanned or manually entered

Targeted improvements for mature P2P operations:

• Eliminating duplicate payments
• Reducing outstanding credits
• Improve working capital management: qualify for early payment discount schemes, dynamic discounting and supply chain
• finance by increasing:
• % of suppliers that take available discounts
• % of suppliers that have participated in dynamic or fixed working capital programs
• Improve supplier satisfaction

What are the implications of doing nothing?

• Procure-to-pay operational costs can spiral out of control
• The procure-to-pay process (accounts payable and / or procurement) may be outsourced
• Fraud can drain money out of the company
• Checks may have to be re-issued which is expensive
• Late payment fees can be expensive
• Tax penalties can be massive
• Suppliers may go bust or refuse to do business causing serious disruptions to producing end products / services
• Higher value-added activities such as cash flow analysis and forecasting are done poorly, causing bad decisions to be made by
• Finance Directors and CFOs, affecting the organization’s bottom line

Strategies and Technologies to consider:

• e-Invoicing (including interoperability)
• Data capture
• Workflow / exception management
• T&E expense reporting
• P-card programs
• End-to-end automation suites
• Supply chain risk reduction
• Master vendor data management
• Working capital management
• Supplier portals
• Process management

Conference format:

• End-user case study presentations showing clear results using baseline and finishline data
• Interactive discussions
• Networking lunches
• Coffee demos
• Cocktail reception

To Register