Are you struggling with the siloed workflows that makeup your organization's Accounts Payable, procurement, and settlement functions? 😵💫 Wondering what will happen when it's time for your organization to expand, merge with a new company, or acquire one? Join us for a lively discussion on how to tackle these challenges during our next live coffee chat at 1 p.m. CT on Wednesday, June 12. With the help of our partners at Stormloop Technologies, a top-notch Workday advisory, planning, support services provider, we'll talk about the challenges that organizations face when their AP, procurement, and settlement operations are decentralized. We'll also chat about the benefits of centralizing payables operations and what you can do if that's not an option for your AP team. As an added bonus for registering, Stormloop is offering your AP team a chance to win a Review-and-Recommend onsite consultation to ensure that your organization is maximizing its use of Workday. We'll send the contest form after you complete your registration form using a valid business email address. Can’t join the discussion? Register anyway and we’ll send you a recording of our conversation after the live coffee chat. Mark your calendars, and save your spot 👇👇👇
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Accounts payable is like competitive rowing — when everyone’s movements are synchronized and moving in the same direction, the team can travel great distances quickly. 🚣🚣♀️🚣♀️ If each person in the boat is only focused on their task and moving at their own pace, the team must work harder to reach their destination. The same can be true for decentralized AP teams that use different software solutions and have their own processes and workflows. If this sounds familiar, don’t miss our live coffee chat at 1 p.m. CT tomorrow, where we’ll discuss ways to optimize your AP operations. In collaboration with Stormloop Technologies, a leading provider of Workday advisory, planning, and support services, we'll explore the challenges organizations encounter with decentralized AP, procurement, and settlement functions. We’ll also walk through the advantages of centralizing payables processes and offer alternatives for teams that can't take this approach. As an added bonus for registering, Stormloop is offering your AP team a chance to win a Review-and-Recommend onsite consultation to ensure that your organization is maximizing its use of Workday. We'll send the contest form after you complete your registration form using a valid business email address. Can’t join the discussion? Register anyway and we’ll send you a recording of our conversation after the coffee chat. Don't delay! Save your spot 👇👇👇
Register Now | Wednesday, June 12 at 1 p.m. CT
ascendsoftware.com
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Are your semi-autonomous AP teams managing different business units or specific lifecycle stages for supplies and services? This strategy may seem practical on paper, but aggregating data into your ERP system, reporting on it, and conducting audits can pose significant risks for your organization. Join Ascend and Stormloop Technologies at 1 p.m. CT on Wednesday, when we discuss the challenges organizations encounter with decentralized AP, procurement, and settlement operations. We'll also talk about how centralizing processes can reduce overhead, increase ROI, and reduce risk, as well as offer alternatives for teams that can't take this approach. As an added bonus for registering, Stormloop is offering your AP team a chance to win a Review-and-Recommend onsite consultation to ensure that your organization is maximizing its use of Workday. We'll send the contest form after you complete your registration form using a valid business email address. Can’t join the discussion? Register anyway and we’ll send you a recording of our conversation after the live coffee chat. Don't miss this chance to learn how to optimize your AP operations. 👇 👇 👇
Register Now | Wednesday, June 12 at 1 p.m. CT
ascendsoftware.com
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🌟Tena is available today!🌟 🎯More than 15 years of proven experience in a variety of industries and has a keen eye for process improvement and system optimization. 💹 📊 Day-to-day accounting operations: Manage and oversee small/large teams, including the 📅 month-end close, reconciliations, journal entries, fixed assets, budgeting and forecasting, and variance analysis. 💡 Process Improvement and Efficiency Gains: Able to streamline processes, driving massive productivity improvements. 🎯 Successfully able to improve receivables portfolio to 95% metrics goal, concurrently reducing bad debt to 0.006%. Develop operations systems by determining product handling and storage requirements; develop. Successfully implement, enforce, and evaluate policies and procedures; develop processes for receiving product, equipment utilization, inventory management, and shipping. 💻 Implementing New Systems and Tools: Spearheaded multiple system implementations, including SAP and NetSuite, to centralize data and enhance controls. Proposed Workday to consolidate divisional data into a unified platform. #toptalent #loanstaff #staffing #roberthalf
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In today's dynamic business landscape, the optimization of corporate performance management (CPM) systems has become paramount for companies seeking efficiency and agility. At AIQOS, we recognize the importance of modernizing and simplifying these systems, which is why we advocate for the adoption of OneStream Software as a unified platform. OneStream offers a host of benefits, particularly its seamless integration capabilities with customers' SAP data warehouses. This integration empowers organizations to streamline their financial consolidation, reporting, budgeting, planning, and analysis processes, ultimately driving operational excellence and strategic decision-making. The advantages of embracing a unified platform like OneStream are manifold: 1. System Administration: Simplified user experience with one system to learn and use. Guided workflows and templates facilitate streamlined data loading, while direct connectivity to the SAP data warehouse enables efficient drill-back capabilities. This translates to more time allocated to meaningful analysis rather than reconciling disparate systems. 2. Accounting/Financial Reporting: Standardization through a common chart of accounts enhances reporting and analysis. Improved price/volume analysis is enabled by seamless drill-through access to transactional details. 3. Financial Planning & Analysis: A unified system ensures consistency between ERP-level detail and actuals, facilitating faster data consolidations and ad hoc analysis. Additionally, automated working capital processes and expedited management reporting via executive dashboards contribute to enhanced decision support. In the weeks ahead, AIQOS will be sharing a series of informative articles on seamlessly integrating OneStream with SAP. These resources aim to equip our community with the knowledge and tools necessary to maximize the value of their investments. Stay tuned for insights on how this integration can accelerate your organization's journey toward operational efficiency and strategic success. https://lnkd.in/g9bNYYjG
SAP BPC – Competitors, Pros/Cons and Review for 2024
https://www.onestream.com
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Are you ready to revolutionize your administrative operations and drive organizational success? Check out our latest blog article highlighting the pivotal role of administrative teams in business operations and how leveraging effective enterprise content management (ECM) systems like OnBase by Hyland can empower your team! 🔍 In the article, we explore how OnBase offers tailored functionalities to meet the specific needs of various administrative departments including: 1️⃣ Finance and Accounting 2️⃣ Human Resources (HR) Teams 3️⃣ Legal and Compliance Departments 4️⃣ Procurement and Supply Chain Management 5️⃣ Executive and Administrative Support https://shorturl.at/fgY59 #AdministrativeExcellence #ECM #BusinessTransformation #TechTuesday
5 Corporate Teams who Benefit from ECM
https://3sgplus.com
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Professional services company SD Worx sought to reshape its complex finance software landscape to deliver more value to the business, "We’ve transformed our finance function on SAP S/4HANA Cloud Public Edition, allowing it to be a greater asset and source of competitive advantage for our organization" Some key learnings: 🔔 SAP Activate methodology helped to define a clear scope and take a fit-to-standard approach 🔔 serving more customer without additional headcount 🔔 50% reduction in time for intercompany reconciliations 🔔 delaware guides us away from unnecessary customizations Read all the details of this interesting case of SD Worx 👇 https://lnkd.in/eMYyn6ni
SD Worx: Transforming finance operations for future growth
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Attention Workday clients! Do you face an automation gap in your reconciliation and close process? Trintech and Workday are here to help you plug that gap. Reach out to us for assistance. #r2r #financialclose #reconciliations #financeautomation #digitalautomation #lowcodenocode
Revolutionizing Reconciliations: How Workday and Trintech’s Strategic Alliance Is Changing the Game
https://www.trintech.com
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If your firm doesn’t have internal engineering resources, you likely understand just how valuable and essential your engineering consultants can be. However, we know that these relationships can sometimes be challenging, particularly when it comes to accounting organization and billing. We deeply value these partnerships and are dedicated to making the AP and payment process as seamless as possible. We understand that adapting to new systems can be daunting, which is why we invest time and effort in guiding our consultants through Coupa, our internal purchase order system. Some of our incredible project accountants personally spend up to two hours helping consultants navigate Coupa for the first time, ensuring they feel supported every step of the way and are set up for success—GETTING PAID! During and after the COVID-19 pandemic, we’ve also been sensitive to the difficulties many of our consulting partners have faced, including disruptions caused by family emergencies or staff changes in their accounting departments. We are here to support our partners through these challenges, striving to make their experience as smooth and efficient as possible, SO THEY GET PAID😊 What insights or strategies can you share to assist engineers in managing a design company’s AP or PO systems to GET PAID?
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Attention ERP Selection Advisors, PE firms and organizations leading an evaluation; we are pleased to announce a series of updates to Sage Intacct following a great week at #SageTransform. Moving forward our customers can expect more seamless data integrations and AI-powered features to help mid-size businesses modernize processes and improve productivity. New features include: ✅ AI-Powered PO Match for AP Automation ✅ AI-Powered Professional Services Automation ✅ New Global Fixed Assets Management ✅ Data Flows for Seamless Connectivity ✅ User-friendly Forms and Operational Flows ✅ Nonprofit Forms and Operational Flows ✅ Construction Advanced Bid Management ✅ Expansion into Germany ✅ AI incorporated into Distribution and Manufacturing Operations workflows What a great week meeting with our partners, customers and colleagues!! Read the full feature enhancement list: https://lnkd.in/gF23Y-d5 #erpselection #erpsoftware #accountinginnovation #sageintacct
Sage Intacct unveils new features to streamline operations and boost productivity
sage.com
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Why Journal Sources are created in Workday financial accounting: 👇 To indicate where or why a journal was created. Journal sources provide a way to categorize journals based on their origin or purpose. To report and analyze journals. Reports can be filtered and grouped by journal source, allowing you to gain insights on journals from different areas of the business. To map sources of operational transactions. Workday automatically creates operational journals for transactions like invoices, expense reports, etc. Journal sources are mapped to these transaction types. To assign sources for manual accounting journals. Journal sources need to be defined in order to select one when creating an accounting journal outside of operational transactions. To facilitate suspense account processing. If suspense accounting is enabled, journal sources help determine which suspense rules apply to journal lines in case of errors. To integrate with third party systems. When importing or exporting journals to/from an external system, journal sources provide a way to identify the origin of the data. Journal sources provide an important layer of metadata that allows for reporting, analysis, integration and proper processing of accounting journals created both automatically and manually within Workday. Defining relevant journal sources is a key setup task. #workday #workdayfinancials
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