In the Networked Economy, collaboration between buyers and sellers, internal business units, and procurement and finance stakeholders on both sides of a transaction is crucial to the bottom line success of all parties. Real time visibility into invoice data and approval processes, and payment/cash flow opportunities provides both procurement and finance stakeholders with the timely, actionable data needed to increase compliance to contracts, improve the payment process, capture early payment discounts, and gain deep insight and analysis of spend data. In this presentation, Ariba buyer Maxim Healthcare Services will share their insights and best practices for leveraging process automation and the networked economy to gain and share critical process visibility and drive these bottom line benefits.
2012 Ariba Commerce Summit in Cleveland
8. Key Learnings
• Don’t be afraid to make policy as you go
Be ready to enforce it
Have a roadmap before the RFP process
• Training, training, and training
Provide AP teams with time to test to assist in transition
• Replicate many scenarios on test site
• Plan transition during the early weeks of deployment
Be flexible… it does get better!