Pre-Conference Workshop E:

Improving the Efficiency of Your Financial Operations

Globalisation has lead to more demanding customers with collaboration changing how consumers behave with their suppliers. Compliance standards including Sarbanes Oxley & 8. EU directive have all added complexity when dealing with financial documentation. One area that is always under scrutiny is the Accounts Payable function, how can it be improved and made more efficient whilst managing costs?

To answer this, consider these questions:

• How many invoices are processes by your team with incorrect supplier tax details?
• How many coding mistakes are made when keying from paper invoices into the finance system?
• How many invoices are routed to the exception queue compared to straight through processing?
• Does management have an overview of outstanding payments and how long they to process?
• How many inbound calls does the AP team take in regard to the status of their processes invoice?

Dimitri De Ruiter
Head of Business Process Management Sales
Iron Mountain