CFO’s and the Procure to Pay Process

“Put simply, procure to pay is the process by which companies buy and pay for goods and services, from the initial decision to make a purchase to processing and paying the supplier invoice.

Procure-to-pay software aims to automate this process, enabling organizations to operate more efficiently, save money and reduce risk by providing more financial controls.

But there are other, more sophisticated ways CFOs can take advantage of procure-to-pay software to realize additional benefits, including improving cash flow, building up working capital, extending and managing credit, and performing analytics on spending.”

The wisest CFO’s always search for the best company enhancements. Did you know that Procure to Pay services is the next shiny trend catching their eyes? All companies could use a boost, and this is one you do not want to miss out on!