EXECUTIVE INSIGHT
Q . HOW DO REAL-TIME PAYMENT TRACKING AND INSIGHTS IMPROVE VISIBILITY AND CONTROL FOR PROCUREMENT PROFESSIONALS ?
» Just having all the data there and having multiple tabs or screens that folks never had before provides visibility and control by its very nature . Going a level deeper , I see it reducing delays and helping to identify issues before they become problems . It helps drive financial planning and helps organisations better understand supplier spend to optimise supplier management , terms , discounts and fees .
There ’ s a huge improvement in risk management around auditability and making it easier to identify anomalies . Our software also gives suppliers information across this entire workflow chain so they can get their own notifications and do their own self-service and tracking , which helps accomplish all of the above .
It drives much more alignment across everybody . There are no blind spots . Everyone knows where everything is at every single time and you can access the records easily . In the majority of organisations we work with – largely multi-hundred million dollar companies up to multibillion dollar range , including some of the largest public universities in the country – everyone before working with us said , “ Wow , we have nothing like this .” And that ’ s why they said , “ Yes , we want this .” It just helps .
WATCH
NOW
Finexio Payment Portal demo
68 March 2025