Emerging financial solutions that enable trading partners – buyers, suppliers and banks – to seamlessly exchange transaction-related information and funds are changing the payables landscape. Enabled by new Internet tools and best-of-breed systems, integrated supplier portals and automated workflow tools are finally beginning to deliver on promises of process improvement and associated cost reduction within corporate financial operations.
In this exclusive free white paper authored by PayStream Advisors, readers will explore the relatively new concept of Financial Supply Chain Automation, and the ways in which it is gaining broad acceptance within accounts payable and accounts receivable organizations as a means to deliver real-time collaboration between buyers, suppliers and banks.
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Table of Contents
Deriving Business Value from AP Automation
Beyond Cost Reduction and Compliance
Early Stage Benefits of the Paper to Electronic Migration
The Strategic Role that AP Automation Can Play
Creating a Compelling Value Proposition for Your Supplier Base
Enhancing Collaboration Through Self-Service
Improving Cash Management
Conclusion
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