Increasing the Efficiency of Procure to Pay through Automation, Process Excellence and Process Mining

During the significant disruption caused by the global pandemic, procure to pay processes were placed under significant pressure to both maintain supplier continuity but also cash flow for the business.

The P2P teams that weathered the storm best had several factors in common; namely that they were agile, integrated and largely automated.

With that in mind, PEX Live: Procure to Pay 2021 will be focused on the following key topics:

    • Leveraging automation to increase the efficiency and visibility of the P2P process, while reducing costs
    • Developing supplier portals to enhance visibility and therefore supplier relationships
    • Utilizing the data created by the P2P process to drive improved organizational spend
    • Using Process Mining to identify fracture points in the end to end process
    • Achieving Smart Processing through better use of Artificial Intelligence

Who should attend? 

PEX Live: Procure to Pay is designed for Chiefs / Heads / Directors / General Managers / VPs of

Procure to Pay

Procurement

Finance

Accounts Payable

Finance Operations

Process Excellence

Business Transformation

Business Improvement

Agenda 2021
Sessions are subject to change

Day One: Tuesday 8th June 2021

14:00 BST / 9:00 EDT   
Automating P2P Processes to Reduce Manpower Costs, Processing Times and Risks
  • Leveraging automation to increase the efficiency and visibility of the P2P process
  • Harnessing the benefits of intelligent automation for the P2P process, and how, by correct application, it can revolutionise internal operations
  • Why RPA, Artificial intelligence (AI) and Machine Learning is a strategic capability that organizations can develop and mature to benefit their business long term
15:00 BST / 10:00 EDT  
New Strategies to Improve P2P Process Effectiveness
  • Consolidating and aggregating data to give companies clearer insights and superior control over their spending
  • Optimising the finance system internally through new digital procure-to-pay solutions, such as:
    • a scan-and-capture service 
    • introducing a supplier portal and a  multi-enterprise network to enable suppliers to submit invoices electronically.
    • e-procurement functionality (including e-requisitioning, approval workflow and e-catalogue management)
    • Purchase-order-to-invoice matching and processing for invoices that don’t match or when goods are returned
16:00 BST / 11:00 EDT  Introducing New Procure-to-Pay Solutions to Raise the Procurement Performance Bar 
  • Adopting a can-do mindset across your organisation to implement change
  • Examining how RPA can be adequately applied across procure-to-pay finance activities, such as processing invoices and paying suppliers
  • Advantages of introducing a supplier portal to enhance visibility and extend supplier relationships
17:00 BST / 12:00 EDT  Increasing Visibility and Control of P2P Processes Through Automation
  • Establishing the benefits of adopting a more automated finance operating model, whether internally or through outsourcing
  • How accelerating RPA delivery can improve P2P process quality and reduce ongoing manual maintenance of processes
  • Considering how other complementary technologies, such as business-process management and optical character-recognition tools, can be successfully applied across financial processes
 
Day Two: Wednesday 9th June 2021
 
14:00 BST / 09:00 EDT   
Consolidating and Aggregating Data to Enable Clearer Insight and Superior Control Over Your Company’s Spending
  • Why today’s powerful, functionally rich technology solutions are opening new horizons of value and opportunity for corporations’ treasury and finance operations
  • Discover how automation and integration can now translate joined-up thinking and planning into joined-up P2P business processes, through enhanced information exchange
  • Learn how the beneficial impact extends across multiple areas throughout the corporate infrastructure
15:00 BST / 10:00 EDT  
Using P2P Automation to Upskill Your Procurement Teams
  • Assessing the short and long term benefits of automating the procure-to-pay function, for overall easier maintenance and better visibility
  • Since the Procure-to-Pay process is relatively easy to automate, procurement divisions can concentrate on such value-added tasks as sourcing, innovation, end-user intimacy and strategy
  • How instead of spending time on manual and repetitive administrative tasks, procurement teams can focus on missions with greater strategic value for the company
16:00 BST / 11:00 EDT  
Aligning Procurement and Finance for P2P Automation Success
  • Exploring the financial and practical benefits of new technologies to help facilitate change
  • Assessing deployment timescales – how long does it take to implement a new solution?
  • Unifying finance and procurement departments to overcome challenges to eliminate inefficiencies, deliver department-wide ROI, and future-proof your organisation
  • Why lowering operating costs, reducing invoice cycle times and increasing spend are essential
17:00 BST / 12:00 EDT  
Using Process Mining to Identify Fracture Points in the End-to-End Process
  • How to differentiate among various process mining capabilities
  • How financial services customers are using these capabilities as a competitive edge
  • Why process mining to understand what is succeeding within your P2P financial operation is key to a successful digital transformation effort in financial services
 

PEX Network Live | Who attends our online events 

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PEX Network Live | By the numbers 

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2,000+

PEX Live: RPA 2020
REGISTRANTS

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2,000+

PEX Live: BPM 2020
REGISTRANTS

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2,200+

PEX Live: PROCESS MINING 2020
REGISTRANTS

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1,600+

PEX Live: OPEX 2020
REGISTRANTS

PEX Network Live | How it works 

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Step 1: Register
Click on any of the register buttons on this page. Enter your information and secure your place

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Step 2: Confirmation email
This will be dispatched upon registration and will contain login information

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Step 3: Schedule time
Mark some time in your calendar when you can be free of distractions or watch with colleagues

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Step 4: Watch the event
Click the link in the confirmation email and prepare questions for our industry-leading speakers

Get involved with PEX Network Live 

For more information on how PEX Network is uniquely placed to help you shape and deliver your message to a targeted audience contact us now!

Ed Wells, Head of Online Sales, PEX Network