The Benefits of Embedding Accounts Payable within the Source-to-Pay journey
Days payable outstanding (DPO) is one of the key financial measurements used to identify the health of an organization. Therefore, being able to control DPO is a powerful tool in the Chief Finance Officer toolkit. However, too many organizations are still saddled with manual Invoice processes and long cycle times that results in DPO challenges. To take back control of DPO, Accounts Payable needs to undergo a digital transformation and take advantage of the opportunities offered by the complete Invoice-to-Pay journey.
This is why Ivalua has put DPO at the heart of our Invoice-to-Pay journey. With every exception and supplier invoice supported, the Accounts Payable team can move from being reactive to proactively managing DPO. Our unique Self-service collaboration capabilities enable the AP team to shift validation back to the Supplier, while our 4-way matching creates unparalleled touchless workflows. Watch this on-demand video to learn how Ivalua’s Invoice-to-Pay will put you back in control of DPO:
Half the cost of supplier inquiries with self-validation and collaboration
Achieve 96% straight-through-processing of invoices with smart matching
Hit DPO and prompt payment targets by digitally enabling every supplier