Workshop Background, Objectives and Agenda
An estimated
97% of all organisations within the UK do not have a fully automated purchase to
pay eprocurement process. This is a reflection of the costs historically
associated with this type of solution, coupled with the very high number of
individuals within each company that will be required to change their working
practices to achieve a successful deployment.
As a result,
very few individuals have first-hand experience of the quantification of
requirements, the solution selection process, best practice for implementation
and calculation of the potential ROI.
The current
manual systems of most organisations are fragmented, very labour intensive, slow
and fail to capture the financial information – often until the purchase invoice
is finally approved and posted. In most organisations, the current methodology
reflects a world before computer automation and the use of hand written
“multi-part sets” and internal manual post is still common.
Purchase to
pay eprocurement offers the ability to significantly improve the financial
control of every business, delivering huge productivity gains and maximising the
efficiency and effectiveness of corporate spend.
The primary
objectives of the Compleat Workshop are:
-
To enable
attendees to gain a broad understanding of the depth and breadth of the
functionality and potential benefits of the Compleat Purchase to Pay
eprocurement solution,
-
To
investigate and discuss their specific requirements (and learn from other
attendees' requirements) in an open forum, then see how it is addressed by
the software.
-
The
workshop also covers the fundamental difference between what is functionally
possible and what is practical to deploy and enables attendees to begin the
planning and execution of a successful project.
Agenda:
Understanding the purchase to pay eprocurement “big picture”
.....................(15 mins)
Round table workshop discussions
.....................................................................(120 mins)
Compleat Spend Control interactive demonstration / discussion
Budget
management
Requisitions
Purchase order generation / commitment accounting
Receipting goods and services
Purchase invoice approvals / document
management
Automation of Employee Expenses
Integration to Financial
software
Planning a successful deployment project
....................................................(15 mins)
Calculating the
return on investment
..............................................................(15 mins)
Next
steps
The
interactive workshop format has proven to be an extremely popular and successful
method of gaining a detailed understanding of why every company should consider
the automation of their purchase to pay cycle.
The
expectation of nearly every participant should be a real and quantifiable return
on investment of under 6 months from going live and a significantly more
focused, robust and auditable use of company funds.
The impact
of Compleat Spend Control is significant. The total automation of budget
control, the consolidation of suppliers and the increased focus of buying better
and buying smarter, plus the accurate and complete cashflow and management
reporting delivers the ability to maximise the effective use of corporate cash.
The savings potential is enormous.
For more
information contact us directly on 01483 243655 or click
here to register.