Benefits of Procure-to-Pay Transformation Amid COVID-19 Pandemic
As organizations continue to combat the rapid changes brought out by the pandemic, they are at an inflection point to plan effectively for the world, when it ends in terms of how quickly they could bounce back.
In a research by HBR to analyze the impact of the three big global recession since 1980’s and companies that demonstrated superior performance post-recession, they figured that firms that cut costs faster and deeper than rivals don’t necessarily flourish. Companies that master the delicate balance between investing to grow tomorrow versus cutting costs to survive, are better performers post-recession.
Procure to Pay is one of the most important functions for any organization. Having better visibility to procurements cost and payment cycle helps companies address a significant portion of their expenses. Understanding spending patterns is imperative to control expenses and making smarter purchasing decisions.
This session discussed in detail how SAP solution extensions by OpenText are being used to help organizations successfully deliver their strategic initiatives including shifting workload to the cloud and leveraging machine learning to better automate their processes.
Our guest speaker for this session is Chetan Trivedi, Chief Information Officer at Hindustan Zinc Limited. Chetan speaks about some innovative project implementation methodologies whereby companies could deliver such projects with maximum impact and lowest cost.
Access the webinar through the below link.