Learning to Leverage Accounts Payable Automation with xSuite
Meet the Authors
Many financial professionals have reported that they are under increasing stress to operate more efficiently and deliver actionable insights. These demands are often being made without increases to their staff size or budgets. These finance teams must find new strategies to bolster their financial capabilities.
SAPinsider’s recent SAP S/4HANA Finance State of the Market Benchmark Research report found that insufficient automation leading to manual work and processes is one of the key stumbling blocks holding companies back from performing more efficiently.
Implementing Automation into Accounts Payable
With new automation solutions emerging, organizations may struggle to find the best place to implement these solutions. One area to consider is accounts payable (AP). Many organizations struggle with AP processes due to lengthy processing times and compliance issues. These businesses often struggle to implement automated solutions to overhaul AP workflows to overcome these problems.
To help organizations overcome these issues, the Accounts Payable experts at xSuite will share some strategies and best practices at the upcoming SAPinsider Finance & Innovation Summit on October 15-16 at the Hyatt Regency in Dallas. Attendees will learn how to best deploy automation solutions to alleviate manual tasks like data entry and processing. They will also better understand how to overcome challenges like hybrid workforces and global e-invoicing requirements.
xSuite North America Senior AE Bob Buettner is excited to speak at the event. “The reason I am looking forward to this event is the same reason I have been involved in the Technology Industry. Constant change! Working with people and clients to provide a positive vision for change and helps them understand how this will benefit them,” said Buettner.
Steps to Success
While automation holds significant promise in improving AP workflows, organizations cannot simply press a button to turn on automation. They must be willing to leverage new capabilities and processes that allow them to leverage existing data into new automation abilities. At the SAPinsider Finance Innovation Summit, attendees will learn from xSuite how SAP S/4HANA and SAP BTP make AP automation possible.
Automation is not a one-size-fits-all solution. Organizations need to be strategic as to how they deploy it to maximize the value of their investment. Additionally, before any automation projects begin, companies must align their resources in a way that streamlines this important transformation. Also, attendees will also learn how to prioritize which tasks should be automated to have the greatest impact on workflows.
Those who want to learn more about the Summit can visit this link. If you aren’t going to be in Dallas for the event, feel free to follow this link to book some time to speak with the experts at xSuite.
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