Building a Lean and Green Invoice to Pay Process

As the global economy slowly swings back to growth, executives responsible for financial and accounting process excellence must not only contain costs and optimize cash flow, but also manage risk and support sustainability initiatives.

The new rules are:

• Optimize before you add. The answer to higher work volumes, faster throughput, late payment penalties and loss of early-pay discounts is to optimize the process before adding people. The bottom line demands that Accounts Payable works faster and smarter to meet these challenges.
  
• You can – and must – manage cash flow. At the speed of business today, planning cash requirements and managing cash flow accurately seem impossible. But it must happen, and it can.
  
• Time is of the essence. Once upon a time, vendors checking payment status expected delays – getting answers required manually tracking the paper flow or waiting for IT to pull an older tape.
  
• Low visibility means higher risk. Processes that exist without visibility and access to critical information, records and process data – risks business, legal and regulatory non-compliance.
  
• “Being green” is good business. In many industries, establishing and pursuing sustainability goals is essential in competitive markets. Invoice automation that reduces paper contains costs and supports sustainability initiatives.
  

Dolphin makes a ‘lean and green’ Automated Accounts Payable process possible with an SAP-certified combination of technology, best practices and expertise. 

For more information download the White Paper