How to Boost Your Bottom Line by Integrating Procure-to-Pay Processes
Date: Thu, Feb 27, 2014
Time: 02:00 P.M. ET
Duration: 1 hour
Amid their efforts to streamline operations and reduce costs, companies have automated many back-office finance functions in recent years. But, as is the case with accounts payable and procurement operations, automation alone does not guarantee efficiency and productivity.
How do you know whether you are realizing the full value of your accounts payable and procurement operations? If your company is regularly failing to match contract terms with payments or is exposed to operational risks because of late payments, then your procurement and payment processes may be in need of a makeover.
During this Webcast, we will share research findings from CFO Publishing and expert recommendations that reveal how senior finance leaders can foster a culture of collaboration that brings disparate payment and procurement tasks together into an integrated, automated, end-to-end procure-to-pay process.
You will learn how you can lead your finance team to:
- Coordinate and streamline procurement and accounts payable operations;
- Capture savings negotiated in your existing contracts while leveraging spend data to inform upcoming negotiations with suppliers; and
- Emerge as a strategic partner with other areas of your company -- and with suppliers -- to establish more flexible payment terms, minimize penalties, gain greater control over spending and boost the bottom line.
About the Panelists
Celina Rogers, Vice President and Editorial Director, CFO Publishing
Celina Rogers is vice president and editorial director for CFO Publishing. In that capacity, she sets the editorial agenda for the company, including CFO magazine, CFO.com and CFO Research.
In her ten years with CFO Publishing, Celina has researched and written on a variety of topics in business and corporate finance, including performance management, information technology, regulation, corporate governance and strategic decision making. She is a frequent speaker in the United States and in Europe on finance and business topics.
Prior to joining CFO Research, Celina served as an associate at Ropes & Gray, a leading national law firm, and as managing editor on the Boston College Law Review. A graduate of Boston College Law School and Harvard University, Celina is based in Boston.
Drew Hofler, Director, Solutions Marketing, Ariba, an SAP company
In his role as Director of Solutions Marketing for Ariba, an SAP company, Drew Hofler is responsible for Ariba's Network and Financial suite of solutions. He brings nearly 20 years of financial services, operations and software industry experience to Ariba. Prior to joining the company, he served as Vice President of Treasury Product Management for PNC Bank, and Director of Payment Systems at Tier Technologies. Mr. Hofler began his career at Thrivent Financial.
Mr. Hofler has been interviewed and quoted widely in finance and supply chain industry publications around the topics of e-invoicing, shared services, dynamic discounting, working capital management and the Networked Economy. In addition to publishing a number of articles on these subjects, he is also a regular contributor to various blogs about the financial supply chain and the Networked Economy.
Vice President and Editorial Director
Director, Solutions Marketing