The foundation of the UK governments finance functions must be efficiency, visibility and accountability. The same applies to the NHS, Housing Associations and any other arm of the public sector.
As the government's digital initiatives are driving smarter ways of working, finance leaders must innovate to improve their performance and capability. They must take advantage of emerging technologies to propel them into the digital age. They must spend smarter, and deliver services better
This paper will explore the following themes:
In order to boost the capture rates on supplier invoices, and maintain these over time, something new had to be created - a mutualised repository of supplier master data managed and maintained on our clients behalf. This repository already consists of more than 600,000 supplier records.
The lower the automation, the higher the manual processing cost, sometimes compromising the profitability of invoice capture. If you can boost your capture rates from 70% to 85% that will give a real term reduction of manual workload of 50%, and subsequently boost your departmental and organisational bottom line.