Optimizing Performance through Collaboration: A Synergy between Finance & Procurement

On-demand Webinar | Free

A shared concern for both Finance and Procurement is managing cost and increasing savings captured. Though both departments are striving to achieve this common goal, they are relatively siloed in terms of the efforts being made to improve process efficiencies and the specialist technologies being used. While these compartmentalized initiatives might render results in the form of short term improvements, an alliance between procurement & finance will help in scaling process efficiencies to greater levels as well as impact the bottom- line of the business.

The scope of such seamlessly integrated technologies doesn’t end with better work stream management; but also result in additional benefits like increased compliance early detection of frauds and supplier risk management. Procurement and Finance synergy is an indispensable business necessity  to help an organization grow today and move an inch closer to being best-in-class.

This webinar throws light on how Finance-Procurement collaboration can benefit organizations by focusing on aspects like:

• Need for the Finance-Procurement alliance
• Shared objectives : A concurrence between Procurement & Finance
• Implication of a lack of collaboration – Scenario definition
• Collaboration between Finance and Procurement – Impact on Organization’s Performance
• Change Management Strategies to ensure successful collaboration 
• Technology, Performance and Collaboration

Judy Bicking
Senior Trainer, IOFM

Judy Bicking is a consultant, public speaker and author who specializes in accounts payable, accounts receivable and related topics. A 27-year Johnson & Johnson Global Business Services veteran, she was first recognized as a leader in credit management and then as a pioneer and leader in procure-to-pay. After a successful career in leading and managing AR and AP, she was tapped to lead the team to develop J&J’s U.S. shared service center. She later served as AP’s global director on J&J’s European P2P project team. Under Bicking’s direction, the staff members at J&J were the first to earn the TAPN/IOFM AP Departmental Certification designation. Bicking authored and took the lead on much of the AP Network’s AP Pro Train online learning center content, and she participated as a co-founder and subject matter expert for the TAPN/IOFM AP Certification program.

Meenakshi Nilakantan
Trainer, Zycus eInvoicing 

With deep interest in AP automation strategies adopted by emerging companies, Meenakshi looks into researching and analyzing the best-in-class practices in the areas of e-invoicing, supplier management and dynamic discounting. She works with the marketing, product and sales teams to come up with suitable product enhancements, product positioning and customer acquisition strategies.  Over the past few years, she has acquired knowledge in emerging e-invoicing fields encompassing supplier onboarding, invoice processing, AP automation and discount management. Regular interactions with analysts, prospects and customers have led her to have an enhanced understanding of the AP automation market spanning multiple geographies and industries. 

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.