A strong cash flow is often perceived as the foundation for a well-performing stock. Two factors play an important role in driving efficiencies within working capital management – process re-engineering and Process Enhancement Technologies & Services (PETS*).
Automating Accounts Payable, reducing unallocated cash, increasing control around working capital management, enhancing debt recoveries and driving efficiencies into revenue accounting and recovery are also core to cash management.
* According to Gartner, "Process Enhancement Technologies & Services (PETS) represent both applications (such as Accounts Payable automation) and services (such as an e-invoicing network or a scanning specialist) that are necessary to overcome shortcomings in existing Finance & Accounting (F&A) solutions."
A Large Media & Entertainment Conglomerate Reduces Y-o-Y Operational Costs by 40 Percent
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