Alan Verschoyle-King, head of Treasury for Europe, Middle East and Africa for BNY Mellon, makes a compelling case for collaboration as a key to achieving integrated treasury solutions.
Accounts Payable
As you look to improve your overall performance and create added value, outsourcing non-core business processes like accounts payable (AP) may be an ideal place to start.
To assist you in gaining complete control over your AP function, we offer comprehensive AP outsourcing services through SourceNet Solutions.
Ranked by the ORBYS Black Book of Sourcing (2006-2009) as the number one provider of AP outsourcing services, SourceNet can help you reduce your direct operating costs by as much as 55 percent.
In addition to significantly reduced direct operating expenses, refining your AP processes may help you
- Convert supplier interfaces to e-commerce for invoicing and payments
- Enhance supplier satisfaction through use of a vendor portal for inquiry self service and invoice entry
- Access world-class tools and processes without capital expense or prolonged implementation
- Generate millions in free cash flow through supply chain finance initiatives
- Utilize captured information from invoices, like utility bills, to examine cost of goods
- Handle refunds from tracking and distribution, to processing mail returns, to complying with escheatment regulations
Who's helping you?
Let our AP experts collaborate with you to reduce your direct operating costs, increase your core focus, minimize risk and optimize your organization's financial performance.
