For best-in-class organization, alignment between Procurement and AP isn’t a “nice to have” – it’s a “must have”. When Procurement and AP work in harmony, organizations have the potential to save millions of dollars annually. On the other hand, lack of alignment between procurement and AP leads to breakdowns in efficiencies and quality and increases the risk for regulatory compliance errors. This is both costly and unnecessary.
Whether you organize your work within a formal Procure-to-Pay (P2P) process or as two distinct silos, the reality is that Procurement and AP will always be dependent on each other. Recognizing the need for collaboration and shared learning, IOFM’s Fall 2019 APP2P Conference & Expo will now include a Procurement Operations Summit.
While at the conference, you will want to stop by booth 904 to learn about ibml solutions.
ibml delivers intelligent data capture solutions that streamline the data collection requirements in accounts payable and financial shared services environments. ibml solutions accomplish this by ingesting paper and electronic invoices in any format, from any delivery channel (including mail, fax, e-mail, web portal, mobile device, BPO provider or remote office); extracting invoice header and line-item information; validating extracted data; and electronically connecting invoice processing with any downstream process or system, including enterprise resource planning (ERP) platforms. ibml combines all this functionality with configurable business rules and comprehensive visibility, tracking and control.