Tearing down the silos between procurement and accounts payable – and, ultimately, suppliers – puts everyone on a level playing field. It opens lines of communication, and minimizes problems and payment delays.
- Procurement can enjoy happier suppliers, a better negotiating position, increased compliance, better spend analytics, and greater savings.
- Accounts Payable can experience better working capital management, touchless invoice processing, fewer supplier payment inquiries, and increased efficiency.
- While suppliers benefit from a single channel for all collaboration, integrated processes, faster payment, and easier access to financing and credit.
To learn how, download this infobrief.