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The M&S Story – 5 reasons to be more proactive in AP
Thursday, 13th Dec, 2018 10:30 AM - 11:15 AM GMT
Join this webinar to hear Sarah Cliffe, Head of Procure to Pay at Marks & Spencer, talk about the latest improvements to their Accounts Payable processes. M&S wanted to improve controls, reduce supplier queries and improve the bottom line, which is a tall order, but this is not just any AP department!
The origins of the project was an audit requirement to reconcile more supplier statements to improve accuracy of financial reporting. M&S realised that if Accounts Payable could routinely reconcile their top supplier accounts, proactively on a monthly basis, then all the errors would be resolved before they become an issue. The net result is more suppliers will be paid on time, queries and duplicates will drop, which means AP have more time and suppliers are happy.
Sarah’s presentation will take you through the business case, process objectives and benefits achieved as a result of being more proactive in reconciling supplier accounts.
EDF Energy, Market Leading Risk & Compliance – How do they do it?
EDF Energy have long been recognised as the market leader in managing risk and compliance over their supplier base. By focusing their attention on process and spotting any gaps in the system, EDF Energy have become experts in the field.
In this webinar, Greg Brown, Head of Supply Chain Governance & Performance at EDF Energy will, for the first time, open a window into their world to show you how they:
• Identify the issues, potential problems and why they matter - and how EDF Energy went about finding the solution
• Went through their selection & implementation, focusing largely on what was learnt during the process
• Achieved results - before and after and why the solution they chose works so well for them
This will be followed by a brief introduction to HICX and a look at what was learnt during the project from the perspective of HICX run by Costas Xyloyiannis, CEO.
Lastly, there will be a chance for you to ask questions of both Greg and Costas at the end of the webinar.