2020 put many things on pause, but enterprise-wide finance transformations were not necessarily one of them. While several organizations did find it necessary to take a step back to ensure the lights were kept on, many felt that the pandemic offered an unprecedented boon to their efforts. According to SSON Analytics, a majority of companies accelerated their digital transformation initiatives in the last year and those transformations were often a key component to what FSSOs were attempting. In this keynote, hear from a Finance Shared Services Head about the transformation their organization achieved despite current conditions.
A leading US beverage distributor found itself bubbling with success and increased revenue. But with continued growth came more invoice and finance processing issues.
The accounts payable team struggled to keep pace with tens of thousands of invoices a month, and the paper trail was irregular and inconsistent. To master that amount of invoice volume and capture accurate data would require a custom solution with robust processing capabilities. Enter AP automation.
Join us as we present the journey of John Insley, Director of Corporate Accounting at BDCI, and his finance operations team. He will take us through their story of going from manual to mastery by creating an AP automation program that streamlined processes and optimized personnel assignments. As a result, today, their data is better, the profits are higher, and their team is more efficient.
Global process owners (GPOs) have been around for years, but now they are finally coming of age and showing their mettle. But as they are often a little bit removed from the rest of the FSSO, it can be wondered what exactly does a GPO do on a practical level? Not the theory, but rather, the practice? In this panel discussion, three different process owners will discuss:
· How the GPO is embedded into the FSSO as well as the greater business
· The top 3 priorities the GPO is currently tasked with and the strategies or solutions being utilized to achieve them
· What does the application of the GPO look like on a day-to-day basis?
Head to the roundtable with your process buddies for open discussion to benchmark metrics and KPIs!
· Procure to Pay
· Record to Report
· Order to Cash