How automation supports financial processes

The corporate impact of the spend management process is significant and is evolving from isolated functions to a single process in which purchasing and accounts payable are becoming automated, with analytical functions adding further value. This evolution aligns with the needs and goals of organisations in these economic times to reduce costs and realise productivity increases. 

Spend management is no longer viewed as a “back-office” function but one of tremendous value as it provides opportunities for strategic sourcing, improved controls and automation, and business partnerships which can greatly reduce risk and improve working capital. 

Spend management is no longer viewed as a “back-office” function but one of tremendous value as it provides opportunities for strategic sourcing, improved controls and automation, and business partnerships which can greatly reduce risk and improve working capital. 

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