Ardent Partners hosted The CPO Rising 2K20 Virtual Series – The Resiliency Imperative as a way to bring together our global community of procurement, finance, and supply management professionals and collectively tackle the big issues we were all facing and continue to face as a result of the coronavirus pandemic. As a special treat for all our readers, Ardent is excited to present the recorded sessions from that Virtual Series.
A well-run AP department can make a direct impact on other parts of the business, including supplier savings and overall spend management. In this session, Dan Reeve, Director of Sales at Esker, an industry veteran with over 20 years’ experience in Purchase-to-Pay and Order-to-Cash, discusses the benefits of leveraging the underlying data in AP to fuel the optimization of organizational spend. Among insights discussed:
- “Companies that invest in spend management, technology and processes during dark times will come out of the crisis in better shape than their peers who do nothing.”
- “In today’s new work environment, collaboration between business functions has become more difficult, but it has also become more necessary.”
- “The benefits of AP automation and data can extend well beyond process and efficiency improvements gained from eliminating paper and manual, labor-intensive tasks.”
- “Companies are looking for the opportunity to increase visibility and see where they are at risk, and unlocking the data in AP can help them do this.”
