[Editor’s Note: Click here to register to Ardent’s upcoming webinar, Payables Metrics That Maximize Your Buying Power, sponsored by Ivalua.]
Establishing and measuring relevant and actionable metrics is an important part of any business function since it provides the opportunity to set, track, and ultimately achieve goals and objectives while providing the key inputs to drive continuous improvement efforts. With process automation tools in place, an AP department is significantly better able to capture performance metrics than in a manually-driven environment.
In our latest webinar, Payables Metrics That Maximize Your Buying Power (click to register), Ardent’s founder and Chief Research Officer, Andrew Bartolini, along with Stephen Carter, Senior Product Marketing Manager at Ivalua, will discuss a list of AP department metrics that can be used as a means to establish a performance and business impact baseline and then improve upon them. The metrics shared in this webinar will help you gather insight into how to build a Best-in-Class AP operation. The list is also a great starting point for organizations who have not yet emphasized capturing and reporting metrics. On this webinar, scheduled for Wednesday, July 14th at 11 AM ET, attendees will learn:
- How to reduce supplier inquiries by providing real-time payment status and reconciliation information against every invoice and payment
- How transaction transparency ensures that every payment has a continuous thread back to the original procurement source (the supplier, the buyer, the order, or the contract)
- How a flexible payment process can unlock the best price and faster delivery while maintaining control of your cash