Name: Digitalizing the Finance Department: Opportunities vs Challenges
Start: 2020-05-12T15:25:00Z
End: 2020-05-12T15:26:03.000Z
Location: BrightTALK
Rating: 0

Tradeshift - We believe that nothing connects a fragmented world like commerce. We digitize and connect everything that happens between a buyer and a seller, anywhere in the world.

What if you could make purchasing at work as easy as shopping from home? B2B e-commerce platforms, specifically marketplaces, are rapidly expanding into procurement organizations. In fact, the Covid-19 crisis has accelerated S2P digitization and the need for CPOs to propose new approaches that satisfy both their end users and suppliers. 
 
Join procurement leaders from IBM and Tradeshift to learn:

• Challenges of traditional source-to-pay processes and how they are driving transformation of B2B commerce

• Benefits for you to adopt a marketplace approach 

• Best practices to deliver benefits on spend, compliance and user experience

• Aspects to consider when you are selecting the right platform

Transforming Procurement with B2B Marketplaces

If you’re only going digital to make manual processes faster, you’re doing it wrong. Getting accounts payable digital is about building a foundation to redefine those processes. To reduce manual work, to be more flexible for future curveballs, and to build more strategic AP teams in order to gain competitive advantages.  Companies on a course to reduce and transform work will be the strongest players in future markets.

This is the final event in a series of webinars that have highlighted the emerging trends and practices to prepare for a new world where organizations are leveraging digital to recover quickly and prepare for the future. And that future will be all about automation. Begin your automation journey today to significantly reduce exceptions and approvals. And you’ll be looking at a future that has zero approvals and is exception-free.

Meet our speakers Lloyd Humphreys, Senior Product Manager at Tradeshift, Claus Christensen, Product Manager at Tradeshift, and Mike Jud, Senior Director, Product Marketing at Tradeshift and learn:

• Where to best apply automation for more straight-through processing in order to have the fewest touches
• What AI is doing today for invoice matching, unplanned cost handling, coding, and reducing approval work
• How to retain visibility and confidence in the results while giving control to AI
• How one Tradeshift customer is aggressively automating and quickly achieving a 99% invoice coding success rate

Shift Forward series 5: Now you have the data, sit back and let AI automate

Taking your supply chain digital isn’t just about doing the work faster. It’s also about building a better way to process across procure-to-pay functions in order to gain more insight to become strategic and agile. And right now is your opportunity to accelerate digital processes.  Doing so enables more visibility, collaboration, automation, and straight-through processing to increase managed spend and touchless processes for all your spend categories while getting suppliers paid in days.

This is the fourth in a series of webinars that highlights the emerging trends and practices to prepare for a new world where organizations are leveraging digital to recover quickly and prepare for the future. In this session, we will capitalize on digital processes to network all internal and external supply chain stakeholders so that upstream and downstream processes not only run fast, but also are more agile, automated, collaborative, and aligned on shared objectives.

Join us for this presentation as our speakers discuss:

• How a networked approach to procure-to-pay (P2P)  helps automate straight-through processes that will get all spend under management and pay sellers in days
• How a network aligns all stakeholders across physical and financial supply chains for better efficiency and results
• Why B2B Marketplaces are at the forefront of the network approach to deliver accurate, enriched data to drive touchless AP
• How a digital foundation leads to better customer success

Shift Forward series 4: The key to an agile supply chain is in the network

Tracking corporate and employee spend can be hard enough. But it’s even harder as companies and teams have gone remote for the foreseeable future. Whether it’s the need for work-from-home equipment or to pay an urgent invoice, passing around a corporate card doesn’t always cut it. Instead, wouldn’t it be nice to have a seamless, digital solution to easily track and approve spend across your organization?

This is the third webinar in a series that highlights the emerging trends and practices for a new world where organizations’ supply chains can thrive and grow when exposed to uncertainty. A key part of that survival is the adaptability when it comes to company spend.

Join us for this live presentation as our speakers discuss:

• How a virtual corporate card can create better insight into, and control over, your organization’s spend with real-time collaboration and approval tools
• Ways to reduce the administrative burden, like end-of-month reconciliation, that typically comes with corporate card programs
• How to see greater, immediate ROI, whether through rebates from issuing banks or just more time to focus on the work that matters

*Note: Tradeshift GO is currently available in North America with the expectation to expand into Europe in 2021

Shift Forward series 3: What if you loved your commercial card program?

The recent crisis has exposed the need for businesses to adopt digital supply chain solutions to survive major disruptions. But a new standard is also emerging: digital supplier networks. Businesses are realizing that creating shared value with their sellers is key to minimizing disruption.

Shift Forward series 2: Turning seller value into digital success

Recent events have proven one thing: digital is now the standard. Or needs to be. 85% of global trade still runs on paper. But that gives accounts payable teams an opportunity. They can harness digital technologies to not only deliver on their company’s strategy but to upend it and prove how critical they are to innovation.

Shift Forward series 1: Digital’s already here, it’s AP’s time to use it.

Schwierige globale Marktbedingungen haben die Notwendigkeit einer größeren Belastbarkeit der Supply Chain aufgezeigt und beschleunigt. Daher ist eine genauere sowie schnellere und effizientere digitale Zusammenarbeit erforderlich, um dies jetzt aber auch in Zukunft zu unterstützen. Alexander Brox von Deloitte, Andreas Thonig von Tradeshift und Anna Plaschna von Quyntess werden erörtern, wie dies auf praktische Weise über Lieferketten hinweg erreicht werden kann.

- Wie werden Unternehmen sich auf die neue Situation einstellen?
- Wie kann die Resilienz der Supply Chain erreicht oder gar verbessert werden?
- Wer wird von der Resilienz in der Supply Chain profitieren?

Bessere Belastbarkeit der Supply Chain in den Produktionsbetrieben erreichen

Our expert partners from Cugavadi and PwC Middle East share practical and relevant insights to help us learn from this crisis. While Cugavadi take us through various ways to optimise the cash conversion cycle through digitalisation, PwC Middle East experts address the key challenges, areas of impact and opportunities around cash flow and liquidity management for organisations in the GCC, as the response to the COVID-19 pandemic continues.

Cash flow crisis: Flattening the liquidity curve

How do you want your sellers to think of you? Tradeshift's VP of Network, Tony Alvarez, takes us through the importance of creating buyer-seller value in a world where collaboration and real-time accessibility are vital for business success.

The Shift towards seller value for the enterprise business

Digitizing AP delivers more than just cost savings and process efficiency —it puts finance in an unmatched position to deliver unique insights, optimized cash management strategies, and cutting-edge innovations to the organization.
And now is the time for AP teams to drive that transformation with supply chains top of mind in every boardroom as a result of the impact of the COVID-19 pandemic.

Join our expert speakers as we discuss how digitizing AP can not only help mitigate the negative impacts of the present crisis by reducing buyer-supplier friction, but also how it will provide the foundation for your organization to rebound quickly and emerge stronger no matter what our ‘new normal’ looks like.

Among the topics we’ll be discussing are:

– How AP professionals can best contribute to supply chain sustainability and business continuity
– The business case for digital AP
– How to encourage suppliers to welcome automation
– How AP will drive automation and optimize the cash-to-cash cycle
– Emerging trends and how AP can enable for the future.

Digitizing your AP process: it’s reaping big benefits for supply chains

In the face of the greatest global economic crisis in decades, the importance of visionary financial leadership is at its peak. Shared Services is in a desirable position to be sought out for expertise and guidance on ways to manage working capital and improve cash flows. Delivering on these expectations requires a significant transformation from a finance transaction factory to a value-adding analytical advisory partner.

In turbulent times, cash is king. Yet the way cash is distributed through supply chains currently is unequal and unfair creating a situation where everybody loses. We need to break free from the status quo and create a better way to distribute finance through supply chains that deliver benefits to all.

In turbulent times – Cash is King!

As major disruptions to supply and demand levels continue to fluctuate, many companies are taking advantage of digital commerce capabilities to continue serving their customers.  

To help navigate the effects of a boom in eCommerce and the impact this will have on your business, join us for a virtual roundtable: The impact of increasing eCommerce and delivering customer experience.

Listen in to Markus Reckling, Managing Director, DHL Express Germany, Jamin Dick, Head of NA Supply Chain, Alibaba, Roy Anderson, Chief Procurement & Digital Transformation Officer, Tradeshift and Roman Sobieri, Head of Global Shipping, Etsy as they analyze the key actions that increased e-commerce operations will necessitate including: 

* The biggest challenges to implementing new or increased eCommerce capabilities around existing operations
* The changing priorities of customers, the impact of supply and demand limitations and expectations for shifts as the b2c and b2b consumer environments evolve
* The knock-on effect of increased eCommerce activity on transport capacity, innovative delivery models and sustainability initiatives

The impact of increasing eCommerce and delivering customer expectations

Severe global market conditions have highlighted and accelerated the need for greater supply chain resilience. Therefore more accurate, quicker, and more efficient digital collaboration is needed to support this now and in the future. Alexander Brox from Deloitte, Tom Davies Tradeshift, and Rob van Ipenburg from Quyntess will discuss how this can be achieved in a practical manner across supply chains.

We will explore:
How can Supply Chain Resilience be achieved or improved?
What benefits does this different approach to Supply Chain Resilience bring?
How will companies work differently whilst complimenting their operations?
Who will benefit from this Supply Chain Resilience?

Achieve better Manufacturing Supply Chain Resilience

La visión de Tradeshift es conectar a todas las empresas del mundo y crear oportunidades económicas para todos. Ahora, esta visión es más importante que nunca. Las operaciones en la cadena de suministro están siendo estresadas por los eventos recientes: más llamadas, más procesos, más verificaciones … más trabajo. Una vez más, se pide hacer más con menos y desde tu casa, para que tus proveedores puedan obtener el efectivo que necesitan.
Además, en tiempos de turbulencia, el efectivo es el Rey. Entonces, ¿cómo obtendrán los proveedores los fondos que necesitan para seguir adelante o, en algunos casos, para sobrevivir?
En este momento, hay una alternativa para romper el modelo, escalar las operaciones y crear una mejor forma de distribuir fondos a través de la cadena de suministro. La respuesta puede ser más sencilla de lo que piensas y en cierta forma, necesaria a medida que las empresas empiezan a ofrecer un diferenciador y buena voluntad en sus operaciones.
¡Regístrate ahora!

Liquidez a tus proveedores en la cadena de suministros en crisis

The Certainty in Uncertain Time

As businesses navigate uncertainties in a highly volatile world, the stakes have never been higher in their struggle for survival. For businesses reeling under pressure, digital transformation of their Accounts Payable (AP) functions is no longer a matter of choice – it is an absolute necessity. With a direct line of sight into supply chain, working capital and compliance, digital-led AP is emerging as a key driver of sustainable growth.

However, a wide gap exists between the current state and desired digitized future state of most AP functions. The need of the hour is a Future-ready Digital AP Intelligence Hub enabled by touchless, collaborative and open ecosystems. Powered by real-time analytical insights, the hub helps businesses generate value through enhanced suppler engagement, incremental free cash flow, and heightened control and compliance.

Join us for this webinar as we deep dive into the five key elements of a future-proofed, collaborative and scalable AP Intelligence Hub:

●     E-invoicing within a B2B network platform

●     Electronic Tax Compliance

●     API-enabled Integration and Ecosystem to Develop Bolt-on Apps

●     Artificial Intelligence

●     Advanced Analytics

Future-ready Digital Accounts Payable Intelligence Hub

Digitizing AP delivers more than just cost savings and process efficiency —it puts finance in an unmatched position to deliver unique insights, optimized cash management strategies, and cutting-edge innovations to the organization. 

And with supply chain and business resiliency top-of-mind for many organizations, now is the time for AP teams to transform accounts payable processes.

Join Peter Hamilton of DXC and Mike Jud of Tradeshift as they discuss how digitizing AP can not only help mitigate the negative impacts of the present crisis by reducing buyer-supplier friction but also how it will provide the foundation for your organization to rebound quickly and emerge stronger no matter what our ‘new normal’ looks like.

Among the topics we’ll be discussing are:
●      How AP professionals can best contribute to supply chain sustainability and business continuity
●      The business case for digital AP
●      How to encourage suppliers to welcome automation
●      How AP  will drive automation and optimize the cash-to-cash cycle
●      Emerging trends and how AP can enable for the future

Making AP digitization a reality: why now’s the time to transform how you connec

Switching from manual invoice processing to AP automation delivers more than just cost savings – it provides access to the data you need to improve your entire cash-to-cash cycle.

Join our expert speakers as we discuss why automating AP now won’t simply support you and your suppliers during the present crisis, but can reduce buyer-supplier friction and position your business to thrive – whatever lies ahead.

In this on-demand webinar, you will hear from our speakers about:

- How can AP professionals best contribute to corporate profitability?
- What is the business case for AP Automation?
- Will suppliers welcome automation?
- How can AP automation improve the cash-to-cash cycle?

Digitising your AP process: It’s never too late to automate!

The new decade is upon us, and large corporations are looking at ways to digitize b2b finance. On one side is the thrilling opportunity of freeing up working capital, eliminating paper invoices and wasted time shuffling through duplicates. On the other is the challenge of collaborating with IT departments, getting the executive buy-in, while keeping an eye out for risks such as cybercrime.

Listen to this on-demand webinar featuring ​Gary Conroy of Transfermate, Mike Lomax and Ryan Cutright of Tradeshift as they discuss the challenges and opportunities ahead. 

Items discussed:

* Which technologies should be at the top of the list for finance innovation?
* Are finance teams keeping up with regards to digital transformation compared to other functional groups?
* What is the most challenging aspect of digitizing the finance function?
* Does automating payments actually optimize existing payment systems?
* Can a company cut costs by automating payments? Which ones?

Digitalizing the Finance Department: Opportunities vs Challenges

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Digitalizing the Finance Department: Opportunities vs Challenges

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