New Corcentric Blog: Calculate RETURN to Influence Your CFO
(1888 PressRelease) Instead of speaking about how automation and e-invoicing creates efficiencies in accounts payable, entertain CFO the actual ROI.
McLean, VA -- Corcentric, a leading provider of Accounts Payable automation and e-invoicing solutions, knows that occasionally the main hurdle to putting into action an AP workflow automation solution can be convincing the CFO which the benefits outweigh the costs.
Corcentric cites a recently published survey signifies that CFO's make budget cuts their greatest priority and upgrading systems and operations among their most affordable. The inverse is true to get AP managers, as is proved in a TAPN study, which is also cited.
Corcentric suggests that AP managers may have a much less difficult time effective the CFO and other older finance executives that there is superb value in workflow automation if they can actually observe convincing RETURN ON INVESTMENT. Being able to demonstrate how a option can cut costs, improve cashflow, capture early on discounts, develop stricter external compliance, between other financial savings, goes quite a distance towards obtaining C-suite buy-in.
The blog gives a link to Corcentric's ROI Calculator which includes many different factors to measure the ROI an organization will recognize when implementing AP work automation and e-invoicing.
The Corcentric weblog is a knowledge center intended for accounts payable professionals to learn automation best practices along with the latest trends and news in financial process software.
View Corcentric's latest weblog at http://blog.corcentric.com/calculate-roi/
For more than 12-15 years, Corcentric's cloud-based monetary process software solutions have revolutionized the way the world's major organizations take care of and guard their monetary assets. By connecting best practices with profound expertise, Corcentric's ground-breaking Accounts Payable and Accounts Receivable automation alternatives have empowered organizations to reduce...