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Find out how Daikin was able to increase AP productivity, reduce its carbon footprint and provide its valuable Vendors with fast and convenient payment.
Daikin Applied Americas needed to upgrade its time-consuming manual paper check AP payment system to meet rapid business growth demand and corporate efficiency goals. With over 50,000 Vendor payments made on an annual basis, it was looking for a way to automate paper transactions to electronic through ACH functionality.
The gulf between Accounts Payable and Accounts Receivable isn't as wide as it seems. These seemingly siloed functions share common problems and--even more importantly--common opportunities for transforming financial operations across the organization. Here, we share areas of overlap and opportunities for businesses to reduce DSO and DPO, capture discounts, reduce process complexity, and improve visibility into these functions and their core activities.
Ardent Partners found that 56% of organizations perceive the AP function as either "very" or "exceptionally" valuable to organizational operations. Listen to industry experts talk through all of the Ardent Partners 2017 research results and the future of ePayables in this on demand webinar.
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