The Procure to Pay process is critical for enterprises and payment terms and discount programs are top-of-mind concerns for executives. Chief Procurement Officers and Chief Financial Officers need visibility into enterprise-wide spend before they can control and reduce spend. Capgemini’s Payable Analytics provides actionable insights into both Accounts Payable and spend to help improve organizational cash flow, visibility of cash use and efficiency of management. Typical reasons preventing CFOs from proactively addressing Payable Analytics themselves include:
- The difficulty of analyzing huge data sets to gain visibility across business units and regions.
- Lack of analytical resources and time to track and analyze their Days Payables Outstanding (DPO) and spend data
- Lack of tools to investigate early payments and inconsistent payment terms
- Lack of a clear drill-down methodology