Manual and semi-automated invoice processes make it nearly impossible for CFOs and treasurers to get the information they need to effectively manage working capital and corporate spend.
- Data is poorly organized
- Information is not timely
- Systems are not well-integrated
- Decision-makers don’t have access to critical variables
- Key information is not captured
It’s no wonder that most businesses can’t accurately forecast long-term cash flows.
Stop the financial guesswork by automating your accounts payable process.
Automated accounts payable solutions include flexible reports and real-time visibility, providing CFOs and treasurers with the ability to better manage working capital and corporate spend.
- Interactive dashboards display real-time information on cash flow and liabilities to suppliers
- Integration with any ERP provides visibility across business units and locations
- Supplier information can be easily accessed through vendor master database integration
- Invoices are tracked in real-time and detailed audit trails are instantly available
- Authorized users can access archived invoices anytime, from any location or device
With an automated accounts payable solution, such as IPS Productivity Wrx℠, key information on cash and spend not only is current but it also completely transparent for CFOs and treasurers.
Real-time visibility into accounts payable information empowers CFOs and treasurers to:
- Accurately forecast cash flows
- Make fluid decisions about keeping cash versus taking supplier discounts
- Gain leverage in negotiations with suppliers
- Identify opportunities to optimize electronic payment usage
- More easily analyze spend patterns
This makes accounts payable automation an invaluable strategic tool for CFOs and treasurers.
Don’t let guesswork drive your company’s decision-making on cash and spend.
Contact IPS today to learn how we are helping companies gain real-time payables visibility.