Purchase-to-pay (P2P) can play a major role in helping finance professionals gain the visibility and control they need over their cash flow. Networked P2P is a dynamic way to simplify and streamline key financial processes leveraging open B2B networks. Companies that take a networked approach to P2P are better able to optimize working capital, free up cash within the business, and unlock new profit streams.
“Since we implemented our AP automation solution, we’ve seen tremendous improvement in the approval process. We are not only able to pay our vendors on time, we can pay them ahead of time. This has enabled us to go back to our top vendors and negotiate early payment discounts. We have turned Accounts Payable from a cost center into a revenue generator.”
- 'Rock' Persaud, Senior Manager AP, Take Two Interactive