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Currently, Accounts Payable clerks or SharedServicesCenter employees must manually process these emails, save the invoice files into specific folders, and then manually upload them to SAP Central Invoice Management to create Supplier Invoices. PDF, JPEG, PNG, and TIFF) as file attachments to emails.
New Locations Major moves can be stressful for any business, whether it involves a new headquarters location, a new warehouse, or even setting up a new back-office sharedservicescenter. Once you know all the facts, you will want to work with your customer to come up with a payment plan to which they can adhere.
Jabil, a high-tech manufacturing company, processes approximately 2 million invoices per year in its three sharedservicescenters (SSC) located in Mexico, Malaysia, and Ukraine. Jabil: The Secrets to Straight-through Invoice Processing. Tennant Company.
Studies in the sharedservices space reveal a massive shift in the mindset of CFOs and sharedservices leaders—digitization is widely regarded as the path forward, according to Mark Harrison, founder and CEO of consulting firm Callisto Grand.
Data sources for cash forecasting include treasury management platforms, accounting and sharedservicecenters, and business units like accounts payable and accounts receivable. Cash forecasting is the process of estimating a company’s future financial position to ensure it can meet its obligations over a specific period.
In the past several years, the GBS model has elevated sharedservices by becoming an enterprise-wide model that is flexible enough to serve multiple business functions. GBS delivers business support functions to the core business through multiple service delivery models on a global basis.
Processing around 30,000 invoices each month through 3 sharedservicecenters, the company wanted a solution that would allow it to enable consistent global reporting, productivity, and cashflow, enforce controls and compliance, and increase the efficiency, accuracy, and timeliness of invoice processing.
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