Luncheon Series

Rethinking Accounts Payable Lunch & Learn

AP Migration Lunch & Learn
Luncheon Series

Rethinking Accounts Payable Lunch & Learn

About this Weekโ€™s Theme: Optimizing Cash Discount Realization

Processing invoices as productively as possible and paying at exactly the right time can have a huge strategic impact on working capital, operating margins and effective cash preservation. Yet for most AP departments, that kind of impact is nothing but a pipe dream โ€” because chronic operational friction is bogging down their processes. So, we are breaking it down, one paint point at a time.

In this week's lunch and learn, we will dive into how to optimize your Cash Discount Realization rate. We don't need to tell you about the pains tied to missing documents - like a missing GR - flagging invoices as โ€œexceptions,โ€ resulting in manual processing and with that increased cycle times - you likely know all about that! So, instead we will dive into how you can prevent wasting your time on these manual steps. Join us as we explain how Celonis' analytical application works and allows you to:

  • Auto-update the baseline date & communicate late receipts to vendors

  • Increase approval times through parallel process approvals

  • Auto-requests GR & auto-removes payment blocks when received

Celonis & AP

After speaking to over 800 global Celonis customers, it became clear that Accounts Payable can serve as a control mechanism for keeping costs low. Yet on average, only 19% of early-payment discounts are actually captured. So, Celonis developed an operational application that intelligently optimizes AP processes for outcomes. Join our bi-weekly luncheons in which we elaborate on solutions to make your life easier.ย 

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