Optimising Supply Chain Efficiency: A Technical Perspective for CFOs

Join us for a virtual event to explore the critical role of vendor onboarding and accounts payable processes in ensuring financial visibility and control within large enterprises. Unleash the power of data-driven innovation to revolutionise your supply chain. Discover how advanced analytics and AI can streamline vendor onboarding, ensure regulatory compliance, and gain real-time insights into vendor performance. Automate invoice processing to reduce errors, accelerate payments, and prevent ITC blockages. Integrate with your ERP system for seamless data flow and enhanced efficiency. Leverage advanced analytics to identify trends, anomalies, and potential risks within your vendor network. Don't miss this opportunity to unlock the power of data and drive operational excellence and financial success.

• Smart vendor onboarding : Ensure compliance with regulatory requirements while onboarding vendors including verification of GSTIN, PAN, and MSME information and leverage smart workflows to streamline the onboarding and vendor creation process
• Real-time visibility into vendor compliance : Utilising technology to monitor vendor compliance status, invoice submission behaviour and also track vendor wise spend.
• Automated invoice processing : Implementing AI-powered solutions to reduce manual errors, improve accuracy, and accelerate invoice processing, preventing ITC blockages and ensuring adherence to internal guidelines for processing all PO and non-PO invoices.
• Integration with ERP systems : Seamlessly create vendor codes and automatically post invoices in your ERP software for enhanced data accuracy and efficiency.
• Advanced analytics for financial control : Utilising data analytics to identify trends in accounts payable KPIs, onboarding and AP process health, analyse anomalies, and potential risks within your vendor network, including fraudulent activities and duplicate invoices.

• The latest technological advancements in vendor onboarding and AP for large enterprises.
• Strategies for improving financial visibility and control, including real-time spend data and compliance verification.
• Best practices for mitigating risks and preventing fraudulent activities, such as ITC blockages and duplicate invoices.
• The benefits of integrating vendor onboarding and AP with ERP systems.

Better supply chain visibility and control: From vendor onboarding to invoice payouts

• Intro to supply chain: vendor onboarding and accounts payable
• Role of accurate and compliant vendor onboarding and accounts payable processes
• Visibility and control deep-dive
• Control to onboard only compliant and high-quality vendors
• Have the vendors submitted active PAN and GSTINs?
• Have they provided you with the right MSME numbers?
• Is their bank account active and belongs to the right enterprise?
• No visibility into reasons for rejection of vendors
• Visibility into the ongoing compliance status of your vendor master
• Are your vendors filing their GST returns on time to ensure you don’t face any ITC blockage?
• All of the above checks (1 to 3) on an ongoing basis
• Visibility into AP process health
• Management typically doesn’t know about the invoice processing backlog till vendor escalations aren’t received
• No visibility into employee productivity
• No visibility into reasons for invoice rejections and delays in processing of invoices
• Visibility into AP spend
• Management has no visibility into real-time spend data. Actual numbers are received only 7-14 days into the next month. Too late for corrective action and data-driven decisions
• Control
• Role of automation of control to prevent fraudulent and duplicate invoices from being processed and paid
• For PO invoices, control is built into the issuance of POs but for nonPO, appropriate controls required to ensure adherence to budgets