Details

Supplier relationships matter. The strength of supplier relationships impacts contract terms, and the timing and type of supplier payments which have meaningful impacts on the bottom line. Friction in supplier relationships impact productivity within and beyond accounts payable and procurement, inflates payments processing costs and facilitates working capital management decisions that are less than optimal.
Join us to discover 7 bottom-line impacts from supplier management done right and how companies are leveraging technology to:

• Reduce friction within your AP team and with suppliers to facilitate collaboration and build relationships with suppliers.
• Empower employees to spend more time performing strategic, business-critical tasks while also being happier in their jobs.
• Reduce AP processing costs.
• Easy replication of tasks and processes across multiple locations, international borders, and business units.
• Allows business to retain full control and autonomy over operations rather than outsourcing low-value tasks to a third party.

Learning Objectives:

• Understand the root causes of supplier relationship issues.
• Identify and mitigate silos within your AP team.
• Discover the role of relationship management in taking more control of payment types and timing.
• Understand the value of making data-driven decisions relative to how and when suppliers are paid.
• Discover the role of technology in facilitating collaboration within an AP team and with suppliers.