Supplier invoice management and automated expense allocation = one match to save millions

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How one of the world’s largest companies brought together vendor invoice management and automated expense allocation into one solution and the resulting value that saved over $ 5 million per year.

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The technology to manage suppliers has been around for decades. Although they help process and manage vendor expenses, these portals fail to allocate expenses internally and support day-to-day financial operations.

What if you could combine vendor invoice management and automate expense allocation in one solution? Elimination of late payments, accurate billing and streamlined financial operations would follow, resulting in millions of actual annual savings.

Join former CFO of Global Operations at GE and now CEO of FourQ, Varun Tejpal, as he walks the public through:

  • How one of the largest companies in the world automated the allocation of expenses as part of the management of its suppliers and the actions taken
  • Quantified benefits and efficiency of business processes that can be achieved by internal stakeholders, including purchasing, finance, control and treasury
  • Best practices and technology considerations when coupling invoice management with expense allocation, including tax and regulatory factor

This webinar qualifies for a CPE credit.

Penton Learning Systems, dba International Quality and Productivity Center (IQPC) and SSON, is registered with the National Association of State Boards of Accountancy (NASBA), as a sponsor of continuing professional education on the National Register of CPE Sponsors. State boards of accountancy have final authority over the acceptance of individual courses for CPE credit. Complaints about registered sponsors can be directed to the website of the National Registry of Child Care Centers: www.learningmarket.org. This program is also BASIC as there are no prerequisites or advanced preparation requirements to attend our conferences. “Internet-based group” delivery method.


Loudspeakers:

Varun Tejpal leads the overall corporate strategy and execution of FourQ. Prior to co-founding FourQ, he was CFO of Global Operations for GE where he started his career and worked for 17 years. As the financial manager of the global shared services function, he managed a cost footprint of $ 1.5 billion for more than 8,000 employees in 12 regions around the world. Varun has extensive experience in driving continued rigor to achieve business, financial and operational goals. He holds a BA in Business and Economics from the University of Delhi and an MBA from the Symbiosis Center for Management & HRD.

Adam Laura is responsible for commercial finance at FourQ. In his role, he focuses on developing strategies to support business growth. This includes financial planning, reporting and market analysis to optimize business performance. Prior to joining FourQ, he supported other fintech companies by developing business plans from inception to execution. Adam holds a Bachelor of Science in Finance from Roger Williams University

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