8th Annual Optimising Accounts Payable & Purchasing Processes Summit. 08 – 09 March, 2011, Singapore

Start: March 8, 2011
iCal Import

Improving Performance of Payment and Purchasing Processes Through Consolidation and Control to Minimize Time-Inefficient Activities.

For Accounts Payable (AP), the time is ripe for realignment. Challenging economic times have heightened the need for cost-cutting efficiencies and have brought focus to the value and current lack of visibility into invoice and payment processes.

In a paper-based world, AP’s ability to deliver these objectives is severely hampered. As the economy continues its recovery and business volume picks up, leading companies will be those who pursue strategies to automate their back-office functions.

Whether your financial operations is centralised in a shared service centre, distributed through individual country operations or even outsourced – the 8th Annual Optimising Accounts Payable and Purchasing Processes Summit will give you the strategic advantage to open up new areas for cost savings, cash management, and improved supplier relations.

After 7 successful years of organizing the P2P summit in Asia, we are back in 2011 – the 8th annual – and will deepen your knowledge in 3 key areas:

  • Calculating risk when minimizing time-inefficient activities
  • Critical skills to consolidate payment processes and eliminate duplication of work
  • Synchronizing work and compliance between the procurement, accounts payable and supply chain departments

What’s new for 2011?

Improvements in cashflow and payment efficiencies are on-going concerns that require innovative strategies. However, re-focusing on work-flow and breaking down the general processes to specific activities can and will deliver lower costs, a higher percentage of match rates and shorter processes.

If you agree that at least 3 of the following statements are areas of your concern, then you NEED to attend this summit

  1. Map out a dynamic cash management strategy to increase accuracy of cash flow and matching currencies
  2. Shorten the AP and Procurement processes by eliminating the unnecessary steps and measuring the improvement post-elimination from utilizing to automation
  3. Decide the pathway to become more cost effective: Should you upgrade tools/solutions or increase headcount?
  4. Increase first time average match rates to 98%
  5. Decrease the AP function costs by 80% and achieve $0.50 average rate of transaction

Who will you meet?:

  • Chief Financial Officers
  • Finance Controllers
  • Regional Finance Directors
  • Finance Directors/ Vice Presidents
  • Heads of Accounts Payable
  • All levels of Procurement/ Purchasing
  • Supply Chain Directors/ Managers
  • All levels in the Procure to Pay department
  • Chief Accounts Officers
  • Directors, General Managers, Managers of Shared Services
  • Finance Service Managers

Source: SSON
CATEGORY: Events, Global Events

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