Rebecca Beck Director of Finance - DFAS Columbus Procure to Pay Winning the Procure-to-Pay Battle.
Outsourcing - Procure to pay process
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Outsourcing - Procure-to-pay process Outsourcing enables the company to take best advantage of the cash on-hand & optimize internal processes at their best level.
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Outsourcing is a global automotive market. Its evolution brings the companies an edge to reap the best benefits out of cash on-hand. It helps in optimizing internal processes of the company. \n - PowerPoint PPT Presentation
Transcript of Outsourcing - Procure to pay process
Outsourcing - Procure-to-pay process
Outsourcing enables the company to take best advantage of the cash on-hand & optimize internal processes at their best level.
How it works wonder
By hiring expertise With an access to state-of-the-art technology Boundaries are no barriers
Commonly Outsourced ACCOUNTING Processes Are
Payroll Accounting Accounts Payable Accounts Receivable
Two Key Characteristics of Excellent Outsourcing of A & F Services: Simplifying process Standardizing functioning
Inclination of A & F is Towards “VALUABLE FUNCTIONS” Begins from BASIC TRANSACTIONAL process Goes onto STRATEGIC FUNCTIONS (like budgets,
forecasts & internal audits)
Benefits of outsourcing Financial & Accounting project
Cost savings More efficient processing Upgraded technology used More information More services More cash Reduce the cycle to close financial book Controlled budget Less errors Rise in quality
How Companies Hiring Outsourcers Utilize Its Benefits Develop better benchmark Set better baseline for regulatory needs Expand the scope Clear understanding of where spending Improve policy compliance Time to focus on core competencies
Contact Us
Website : http://www.vertidigm.comEmail Id : [email protected] No : 323-243-1750Address : 445 S. Figueroa St
Suite 2600-2700, Los AngelesCa. 90071
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