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🌍 The compliance landscape across the world is shifting… What is the driver for change across buyers and suppliers? “We’re seeing a domino effect. More and more countries around Europe and around the world are starting to adopt these clearance mandates, and it’s driving AP and AR to consider their business needs as a combined entity and look for solutions in this space.” Get the full story in our new report 'From AP to AR: the new frontier for e-Invoicing compliance' in partnership with sharedserviceslink. Uncover: ✅ The evolving role of AR in e-Invoicing ✅ What challenges AP and AR face in this context ✅ The 7 key success factors of an aligning AP and AR ✅ The benefits of an integrated AP/AR strategy https://lnkd.in/gREYA4SW #EInvoicing #GlobalCompliance #BusinessStrategy #DigitalTransformation #Finance #Efficiency #Report #GrowthStrategies #AccountsPayable #AccountsReceivable

Global compliance is impacting enterprises everywhere. Picking the right provider is a complex and time consuming process. Read about what matters in ensuring you are setup for success.

"Seeking passionate logistics/shipping wizards and meticulous Accounts Receivable executives to join our team! 🚚💼 Let's sail through challenges together and optimize every supply chain journey." Share your CV on <hr@kaarquest.in> connect us with 7208090081 (Arshad) #JoinOurTeam #LogisticsExcellence #ARExperts

Every day is an opportunity to work towards your goals and dreams. It's a chance to take small steps towards the life you desire, whether it's in your career, business, or relationships. Automating your accounts payable processes can greatly improve efficiency and accuracy. AP automation eliminates manual data entry and ensures timely payments to vendors. Digital mailroom automation digitizes incoming mail, saving time and reducing the risk of lost documents. Embracing these automation solutions can give you a competitive edge regardless of where your organization is located. Seize the day and make the most of the opportunities ahead!

🌟 Unlocking Efficiency Across Industries with Our Trusted Solutions! 🌟 No matter what industry you're in, our acclaimed accounts payable automation and document management solutions are here to streamline your business operations. Trusted by over 1,000 companies across the UK, Ireland, and Europe, Enterprise Imaging Systems Ltd are proud to be the driving force behind smoother workflows and enhanced productivity. From logistics and construction to government bodies and local businesses, our solutions cater to diverse needs, ensuring efficiency at every step. Here's how we're making a difference: 🔹 Accountants: Simplify invoice approval processes, p2p and automate workflows. 🔹 Construction Managers: Ensure certifications and documents are auto collated, organised and accessible. 🔹 Warehouse Operatives: Verify deliveries swiftly and accurately. 🔹 Sales Representatives: Access crucial documents on the go. 🔹 HR Managers: Retrieve contracts and essential documents in seconds. Industry Agnostic, Value Focused With a comprehensive range of document management and APA solutions and flexible pricing structures, we cater to businesses of all sizes. Our expertise spans across various industries, including but not limited to: Wholesale Distribution Banking/Financial Retail Services State Agencies Solicitors Telecommunications Medical & Pharma Food & Beverage Logistics Printing And the list goes on! Ready to experience seamless business operations? Let's connect and explore how our solutions can empower your business, regardless of your industry or size. https://lnkd.in/gcKNjprm 🚀 #Efficiency #DocumentManagement #AccountsPayable #IndustryAgnostic

To Illumis Global's #SupplyChainConsulting team, no detail is too small and no project is too big for our customized audits. Are you concerned about how a particular supplier relationship is operating, or a project requiring independent assurance? Let us navigate complexities and unlock the potential of your accounts payable department. Learn about our three focus areas and how they could impact your bottom line: https://lnkd.in/ek7sNMst #supplychain #processimprovement #customizedauditprojects #customaudit #customizedaudit

Managing finances in Automotive efficiently is crucial to maintaining a competitive edge. . . One prominent player in the industry faced significant challenges with their traditional accounts payable process. Annually, they processed over 22,000 invoices and handled payments worth over ₹200 crore, involving a complex network of more than 530 vendors. The manual, labor-intensive methods were slowing them down and inflating costs. Curious about how they turned things around with digital transformation? Here’s how we helped streamline their operations and cut costs dramatically: Problem: ➡️ Handling 22K+ invoices annually with a traditional, mostly manual process. ➡️ Involving over 6 resources, resulting in high processing costs and time (6 days on average). Solution: ➡️ Shifted from manual to digital ➡️ Customized IQInvoice Vendor Management Software ➡️ Digitalizing the entire AP Management to bring in efficiency. Implementation: ➡️ Adopted ICR/OCR technology to streamline invoice handling. ➡️ Implemented automated workflows for approvals and compliance checks. Results: ➡️ Team size reduced from 6 to 3, optimizing workforce efficiency. ➡️ Invoice processing time slashed from 6 days to just 1 day. ➡️ Processing costs cut by a staggering 65%. This transformation not only streamlined operations but also significantly enhanced our efficiency and compliance. 📉📈 Are you ready to explore how AP automation can streamline your processes and save costs? Let’s connect and discuss how you can achieve similar results in your organization! #DigitalTransformation #FinanceAutomation #CaseStudy #APAutomation #BusinessEfficiency

The accounts payable function is on the cusp of a major transformation. 🚀 Is your organization ready? In our recent #webinar with our friends at Ardent Partners, you’ll hear experts address this question head on and offer insights designed to inform, elevate, and enhance your AP processes and practices now and in the future. 🌟 Check out a few of the highlights: 👉 https://bit.ly/3Vj73GU #APAutomation #NowItAllJustHappens

𝗨𝗻𝗹𝗼𝗰𝗸 𝘁𝗵𝗲 𝗣𝗼𝘄𝗲𝗿 𝗼𝗳 𝗣𝗿𝗼𝗰𝘂𝗿𝗲𝗺𝗲𝗻𝘁 𝗔𝘂𝗰𝘁𝗶𝗼𝗻𝘀: 𝗔𝘃𝗼𝗶𝗱 𝗧𝗵𝗲𝘀𝗲 𝗔𝗰𝗰𝗼𝘂𝗻𝘁𝘀 𝗣𝗮𝘆𝗮𝗯𝗹𝗲 𝗣𝗶𝘁𝗳𝗮𝗹𝗹𝘀! Procurement auctions are fantastic for cutting costs, but they can create 𝗯𝗶𝗴 𝗰𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲𝘀 for your 𝗔𝗰𝗰𝗼𝘂𝗻𝘁𝘀 𝗣𝗮𝘆𝗮𝗯𝗹𝗲 (𝗔𝗣) team if not managed properly. Here are some key risks—and how you can tackle them: ⚠️ 𝗧𝗼𝗽 𝗥𝗶𝘀𝗸𝘀 𝘁𝗼 𝗪𝗮𝘁𝗰𝗵: 𝟭. 𝗖𝗼𝗺𝗽𝗹𝗲𝘅 𝗣𝗮𝘆𝗺𝗲𝗻𝘁 𝗧𝗲𝗿𝗺𝘀: Aggressive supplier bids often lead to tricky payment schedules. AP teams can miss discounts or deal with late payments. 𝟮. 𝗜𝗻𝘃𝗼𝗶𝗰𝗲 𝗗𝗶𝘀𝗰𝗿𝗲𝗽𝗮𝗻𝗰𝗶𝗲𝘀: Low-bid suppliers may not always deliver as promised, leading to mismatches and disputes. 𝟯. 𝗦𝘂𝗽𝗽𝗹𝗶𝗲𝗿 𝗢𝘃𝗲𝗿𝗹𝗼𝗮𝗱: Auctions often mean more suppliers—more invoices and more complexity for AP. 𝟰. 𝗦𝗵𝗼𝗿𝘁𝗲𝗿 𝗣𝗮𝘆𝗺𝗲𝗻𝘁 𝗪𝗶𝗻𝗱𝗼𝘄𝘀: Suppliers expecting fast payments after aggressive bidding can put pressure on your cash flow. 𝟱. 𝗜𝗻𝘁𝗲𝗴𝗿𝗮𝘁𝗶𝗼𝗻 𝗚𝗮𝗽𝘀: Auction platforms may not sync smoothly with your AP system, causing data headaches. 💡 𝟱 𝗧𝗶𝗽𝘀 𝘁𝗼 𝗦𝘁𝗿𝗲𝗮𝗺𝗹𝗶𝗻𝗲 𝗔𝗣 𝗘𝗳𝗳𝗶𝗰𝗶𝗲𝗻𝗰𝘆:  𝟭. 𝗨𝘀𝗲 𝗔𝗣 𝗔𝘂𝗱𝗶𝘁𝘀: Regular audits catch discrepancies and ensure compliance with contracts. No internal audit team? Utilize companies like SpendLab. 𝟮. 𝗔𝘂𝘁𝗼𝗺𝗮𝘁𝗲 𝗣𝗿𝗼𝗰𝗲𝘀𝘀𝗲𝘀: Integrate procurement and AP systems to reduce manual tasks and speed up invoice matching. 𝟯. 𝗦𝘁𝗮𝗻𝗱𝗮𝗿𝗱𝗶𝘇𝗲 𝗧𝗲𝗿𝗺𝘀: Simplify payment schedules where possible to keep AP running smoothly. 𝟰. 𝗕𝗼𝗼𝘀𝘁 𝗖𝗼𝗺𝗺𝘂𝗻𝗶𝗰𝗮𝘁𝗶𝗼𝗻: Align procurement and AP teams to avoid confusion over terms and conditions. 𝟱. 𝗧𝗿𝗮𝗰𝗸 𝗦𝘂𝗽𝗽𝗹𝗶𝗲𝗿 𝗣𝗲𝗿𝗳𝗼𝗿𝗺𝗮𝗻𝗰𝗲: Keep tabs on supplier performance post-auction to avoid disputes. Procurement auctions can be a win-win—just make sure your AP team is prepared to handle the complexities they bring! #Procurement #AccountsPayable #Automation #Finance #SupplierManagement #BusinessEfficiency #RiskManagement

Explore essential techniques to optimise your accounts payable operations in our latest insightful article. Learn how effective management can enhance cash flow, reduce expenditures, and build solid supplier partnerships, driving your organisation's success. Dive into the benefits of AP automation, the role of AP managers, and practical tips to tackle common challenges. 👉 Read the full insights: https://loom.ly/yxPuNdo #AccountsPayable #FinanceOptimisation #BusinessSuccess