Watch our recorded webinar to learn how a full Procure-to-Pay solution can benefit procurement professionals, AP teams, and finance. Learn about the trends that are reducing risk and errors in accounting and connecting businesses to their suppliers securely and efficiently.
IN OUR VIDEO LEARN:
How to shift your ERP to the Cloud
How to manage the "massive middle" of suppliers
How AI and automation can transform your AP and procurement
In the webinar, we are joined by Shan Haq, VP of Corporate Strategy and Development for Transcepta. Shan has an extensive background in Procure-to-Pay (P2P), automation and AI. Shan’s goal for the webinar is to outline trends in P2P and offer actionable items that AP professionals can take.
Shan begins by saying that although cloud computing has been in the industry for some time, customers are still navigating their way around how to move their ERP systems into the cloud. He goes over the benefits of cloud management and points out that eventually, everyone will be making this move as this is the direction ERP and procurement are moving.
With cloud ERP, Shan looks at:
The financial considerations, including upfront deployment costs
Integration issues to consider
The pros and cons of using a third party to host your ERP
How you can leverage an ERP cloud system
How cloud improves connectivity to suppliers
How a cloud system gives you better access to “best of breed” technologies
Shan goes on to discuss how AP professionals are increasingly seeking better supply chain management tools that increase visibility, real-time access, and efficiency. He explains that historically, large businesses with thousands of unique vendors & suppliers focus on the larger, more sophisticated suppliers with whom they conduct the most transactional volume. He says there tends not to be as much focus on efficiently connecting and managing the “massive middle” group of suppliers, just those larger ones. He says evolving technology is changing this.
And finally, Shan explains how AI and automation are now meeting supply chain visibility and efficiency demands in the procure-to-pay space.
AI and automation benefits include:
Predictive technology alerting AP of issues to troubleshoot
Superior data capture aiding in seamless invoice processing
Minimized cycle times
Manual work and cost reductions
Shan also talks about Transcepta’s 15-year history in working with organizations, customers, and partners across the globe, connecting thousands of small to enterprise-level businesses and suppliers.
To better understand the current trends in procure-to-pay and how it can improve your entire PO to payment process, check out our recorded webinar today!