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PayStream Advisors delivers unbiased, third-party market trend information, assessments of financial automation technology, and innovative ideas to business leaders in healthcare, consumer billing, finance and treasury, accounts receivable and accounts payable.

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Accounts Payable Diagnostic

Structure

You want to improve AP operations, but you are not sure where to start. PayStream Advisors will perform a current-state assessment and benchmark your operations against a peer group of similar companies. In this one week diagnostic review, the team from PayStream Advisors will take an undercover look at the critical ingredients – work process, staffing and automation – so you can develop your transition roadmap. How can we optimize our approval processes? Is there a more efficient way to organize your staff? What have other organizations done to develop low-cost, easy to implement automation strategies?

PayStream's team will highlight the different choices of AP technology, including workflow, eInvoice, ePayments and discount management backed by 10 years of consulting assignments. You'll also learn how to evaluate your processing costs and the three key elements in developing a bullet proof automation business case. This workshop will inspire you to become the agent of change in your finance operation.
The result: a clear direction and priority list for change.

Duration

1-2 Weeks

Participants

Managers and decision makers responsible for the day-to-day operations of accounts payable and finance:

• AP Managers
• Supervisors
• IT
• Shared Services
• Controller

Cost

$10,000 - $18,000 depending on depth of project.

Benefits

• 360 degree view of the business, process and controls
• Staffing plan for unit success
• Objective review of processes & procedures
• Strategic recommendations for improvement
• Analysis of automation opportunities