The remit and role of the Financial Controller and Director is changing. Digitalisation is no longer an option – It’s a prerequisite for business survival which means it’s very much an issue for finance.
But too many financial departments are still manually inputting and processing finance and accounts payable data. And while receiving invoices electronically is sometimes regarded as the Accounts Payable department “going digital”, the reality is that these electronic invoices are still printed so they can be put through a matching or approvals process. The costs and risks associated with these paper based, manual processes are significant.
Convergent are hosting a short Lunch and Learn (Finance and Accounts Payable Automation) that will give attendees an insight into how organisations can empower a more productive finance team and create more value-add for the organisation by automating and digitising the manual and paper based aspects of the finance and accounts payable function such as:
- DATA CAPTURE & EXTRACTION
- DATA MATCHING
- APPROVAL WORKFLOWS
- DOCUMENT & INFORMATION MANAGEMENT
Within these individual sections we’ll expand how they work within an overall “procure to pay” process and marry with your existing ERP or Accounts Package to ensure seamless finance processes from purchase orders or requisitions to payments.
In addition to covering how to automate your accounts payable function, Convergent will also cover how solving this individual Accounts Payable Automation problem can be the starting point for your organisations overall digital transformation strategy. Using Convergent’s unique “Digital Highway” approach, we’ll show attendees how they can implement a “less systems where possible” approach to solve other organisational problems not just in finance but using just a single platform.
This approach reduces software CapEx and OpEx, increases user adoption rates with better UI familiarity and most importantly, ensures that information can flow along a process irrespective of what department, person or function needs to be involved.
This Finance & Accounts Payable Digital Automation is free to attend but places are limited so registered now to avoid missing out.
If you can’t attend these events but are interested in Finance and Accounts Payable Digital Automation please contact us.