5 Ways Poor Visibility Undermines Financial Shared Services Initiatives

More organisations are operating their accounts payable and accounts receivable functions as part of a regional or global shared services environment. These organisations are drawn by the promise of lower costs, better process efficiency, and improved service to stakeholders.

But organisations will never achieve the full benefits of a shared services environment if they still rely on manual and paper-based finance and accounting processes. Paper-driven processes create significant information gaps that negatively impact cycle times, cash management, compliance and control and the financial close process.

This white paper from the Accounts Payable and Procure-to-Pay Network discusses how financial shared services organisations can overcome information gaps, improve visibility and create new efficiencies across the procure-to-pay and order-to-cash cycles. Download it now to learn:  

  • Trends in financial shared services operations and organisation
  • How paper-driven processes undermine the benefits of shared services models
  • What technology platforms can increase visibility and efficiency across P2P and O2C

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