Automating purchase and payable departments to provide organizations with increased efficiency, improved control and greater visibility

Increasing budgetary pressures are placing strains on businesses worldwide, prompting many to draw on best practices to implement new procurement strategies that will improve service performance levels and reduce costs.

The drive to reduce costs in tougher economic times has led a lot of large Indian companies to consider automating their processes. By streamlining and automating the procurement function companies have been able to focus and invest more on core activities.

IQPC’s Procure to Pay (P2P) India 2012 will highlight procurement processes that span sourcing, order placement, payment, settlement, reconciliation, controlling, auditing and reporting. Best in class companies are automating their P2P processes by eliminating paper based processes and labor-intensive tasks. These are becoming an important source of new efficiencies and driving costs down, and this summit aims to provide case studies and examples of how these can be achieved.

The event will feature strategies to provide organizations with control and visibility over the entire life-cycle of a transaction, from the way an item is ordered to the way that the final invoice is processed, providing full insight into cash flow and financial commitments.

Following the success of P2P events held in the US, UK, Australia and the Middle East, IQPC is proud to announce its 2nd Annual Procure 2 Pay India conference, being held on 26 – 27 July 2012 in Mumbai. The event will discuss the emergence of new technologies, their impact on India’s procurement landscape and understanding how to bridge the gap in procurement and supply chain cycles through automation for enhanced communication.

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Shared Services & Outsourcing Network (SSON)