An optimal Procure-to-Pay (P2P) process entails synchronization and transparency between back-office finance departments—particularly, Accounts Payable (AP) and Procurement. Unfortunately, in many organizations finance groups operate independently of each other, often reporting poor communication, limited visibility, and strained relationships between teams. Another difficultly that arises from a lack of integration is the inability to accurately measure processing costs around managing invoices and purchase orders (POs). This can prohibit an organization from properly controlling spend, improving upon their current state, or from predicting the ROI possible with automation.
Join PayStream Advisors and P2P expert, Paramount Workplace, as we explore the value of building stronger integration between procurement and finance. This webinar will look at the costs around invoice and PO management, and will discuss the improvement in P2P efficiency before and after process integration. It will also cover best practices for building better P2P integration with automation tools, such as invoice management and electronic procurement solutions.
Attendees will learn about:
Current trends in how procurement interacts with finance teams
- Challenges and goals between today’s procurement and AP teams
- How to measure PO and invoice processing costs in your organization
- Best practices for improving strategic integration between AP and procurement processes
- The value of automation for streamlining P2P interaction and creating spend visibility
Accreditation: Webinar participants can earn 1 CPE credit in Management Services.
Prerequisites: previous experience in finance
Who should attend?
• Accounts Payable and Back-Office Finance Professionals
• Finance Directors
Advanced preparation: none
Program level: Update
Delivery method: Group-Internet Based
Cancellation policy: PayStream Advisors may at its discretion cancel or replace a previously announced program with a program of similar content. We will make every effort to provide sufficient notification of such change. For more information regarding complaint and/or program cancellation policies, please email us at firstname.lastname@example.org.
Refund policy: no fee charge
PayStream Advisors is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org. NASBA sponsor number: 136565.
Jimmy LeFever is the Research Director of PayStream Advisors and has held this role for three years. As Research Director, Mr. LeFever oversees the research and analysis of source to settle (S2S), Order-to-Cash (O2C), and Travel and Expense Management (TEM) software solutions. Mr. LeFever is the lead analyst and main point of contact for software and BPO provider’s Product Managers and Software Engineers. He actively leads PayStream consulting engagements for Finance and Procurement Departments, helping them identify the most appropriate solutions, conducts supplier/vendor analysis, facilitate RFPs to solution providers, and execute change management. Mr. LeFever also consults solution providers on product management, sales, and marketing efforts, helping them better compete in the S2S, TEM, and O2C market. The value he provides in advisory services engagements lies in his expertise of the solution market and experience in implementing numerous automation solutions and BPO processes for F1000 organizations. Jimmy is a certified Scuba Divemaster; he is often underwater when not on the job.
Vice President of Sales
Foy leads Software Sales and Sales Channel Relations. With over 25 years experience in developing and executing software sales and worldwide sales channel development, he is well known and respected within the channel partner community and teams with whom he collaborates for cultivating strong channel and customer relationships. Prior to joining Paramount WorkPlace in 2002, Foy held sales roles at Epicor Software and NCR. Foy holds a Bachelor’s of Science in Marketing and Multinational Business from Florida State University. He enjoys playing and coaching soccer, competitive shooting, Jeep off-road driving, and community giving.