How Much Improvement Can I Expect From Automation?

On-demand Webinar | Free

Automation is poised to enable your AP function to operate faster, better and cheaper. But how do you know how much of an improvement is realistic?

The reason that question is so hard to answer is that the baseline of what is considered “good” performance changes with every IT upgrade. Managing your AP performance requires continually measuring your progress and comparing it to each new peer set’s operational benchmarks.

In an hour-long Webinar with IOFM’s editor Jess Scheer, we’ll share the metrics you need to gauge current performance and help justify the business case for your next technology purchase.

Segmented by level of automation, IOFM’s new AP Benchmarking study will help unearth answers to your two most fundamental questions:

1. Compared to my current peer group, where do I have room to improve – and by how much?
2. If I invest in new automation technology, how much of an improvement can I really expect?

We’ll begin with an analysis of early-pay discounts, enabling you to determine if your current performance is saving your business as much as your top peers. And then we’ll expose how top performers achieve their success by examining Key Performance Indicators (KPIs), including:

The report’s findings, whose highlights will be shared during this Webinar, are based on IOFM’s detailed assessments of nearly 250 AP departments and are replete with best practices and strategies that will help you achieve your automation goals.

Jess Scheer
Editor, IOFM

IOFM Editor Jess Scheer is an award-winning business reporter, focused on the intersection of accounting, finance and management. Immediately before joining IOFM, Jess spent five years as a Process Consultant, helping organizations more effectively and efficiently manage end-to-end processes, including Procure-to-Pay and Order-to-Cash.

Jess draws on his experience helping organizations create effective measurement approaches, conducting custom benchmarking, and personally managing several large-scale benchmarking programs.

Akshay Dhanda
Solutions Consultant, Zycus

As a Solution Consultant for Zycus e-Procurement and Invocus e-Invoicing product, Akshay has a deep understanding of the Procure to Pay (P2P) & Accounts Payable (AP) market dynamics and is well versed with the emerging trends in Financial Supply Change processes. He leads product positioning initiatives, product market fit and caters to B2B customers across the Fortune 500 companies. These experiences have led him to have a firm grasp on industry specific business cases and customer requirements.

Akshay also serves as a strategic consultant to some of Zycus’ premium customers to address and manage product customization requirements. His expertise in Pre-Sales, Business Development, Enterprise Marketing, Sales Enablement, Market Research and Strategic Alliances has equipped him with a holistic and deep understanding of the Procurement and the Supply Chain Management in both US and ANZ markets.

Continuing Education Credits available:

Receive 1 CEU toward renewing APM, APS, APPM or APPS certification from the Institute of Finance and Management! The Accounts Payable Certification and Procure-to-Pay Certification Programs are designed to establish standards for the profession and recognize Accounts Payable and Procure-to-Pay professionals who, by possessing related work experience and passing a comprehensive exam, have met stringent requirements for mastering the Accounts Payable and Procure-to-Pay bodies of knowledge.

This webinar is provided free of charge and underwritten by a sponsor. Following the webinar, you may be contacted by the sponsor with information about their products and services.