Corporates in the region have clear incentives to cut down the administrative time invested in their AP/AR processes, recognising the benefits that would flow through to their business. They strongly agree that receiving additional data with each transaction would significantly benefit their business.*
* Visa Cash Flow Visibility Index 2016 (A survey where a total of 806 of the top 1,000 revenue ranked corporations across Australia, Mainland China, Hong Kong, India, Indonesia, Japan, Malaysia, New Zealand, Singapore and Taiwan were interviewed)
The capability delivers an integrated solution set to automate an organisation’s procure-to-pay process. The solution set includes granular spend data analysis, compliance focused strategic sourcing capabilities, supplier managed web content and touch-less eCommerce payment functionality. It is highly functional and intelligently reconciles purchase orders, contracts and invoices, ensuring that the purchasing and finance departments have the knowledge and data in real-time to continually optimise all procurement activities across the organisation.