Opportunities exist for organizations to achieve breakthrough productivity enhancements in their finance & accounting processes for operational efficiency & improved bottom-line performance. In Accounts Payable, operational improvements can be made by eliminating wasteful transactions & automating the process elements such as variance handling, approvals, reporting, inquiry management, vendor enablement, migration to e-commerce, discount and rebate management, etc. With intelligent technology bundled with rich domain expertise, Cognizant is continuously optimizing client accounts payable processes to improve efficiency, minimize costs & enhance vendor relationships.
Organizations are rethinking operational structures and capabilities needed to power tomorrow’s shared services engine. Newer models will be built on synergistic intersection of technology, analytic techniques and processes.
By applying new ‘SMAC Stack’ technologies to enterprise work, shared services leaders can standardize and automate process work activities, while at the same time delivering greater value through process innovation, reducing risk and revealing new sources of revenue for stakeholders.