5 Ways Poor Visibility Undermines Financial Shared Services Initiatives

More organizations are operating their accounts payable and accounts receivable functions as part of a regional or global shared services environment.  These organizations are drawn by the promise of lower costs, better process efficiency, and improved service to stakeholders.

But organizations will never achieve the full benefits of a shared services environment if they still rely on manual and paper-based accounts payable and accounts receivable processes.

Paper-driven processes create significant information gaps that negatively impact:

• Cycle times
• Cash management
• The delivery of information to downstream systems
• Compliance and control
• The financial close process

IOFM’s latest white paper ensures you get maximum payback on shared services investments.

The white paper explains the benefits of operating accounts payable and accounts receivable as part of a global or regional shared services environment, details the five ways paper-based processes undermine these benefits, and shows how enterprise information platforms close information gaps and enhance visibility in a shared services environment.

Don’t let poor visibility undermine your financial shared services investments.

Get your copy of IOFM’s white paper today!