Presentation: How TELUS Turned Their AP Department into a Revenue Generator
There are three ways to turn your AP Department into an efficient revenue generator while strengthening supplier relationships: 1. Increase supplier early payment discounts 2. Move from paper to electronic invoices 3. Eliminate inquiries on invoice approval and payment statuses This can all be achieved by implementing a dynamic discounting, eInvoicing and supplier self-service solution. Ron New, VP, Finance Operations and Gary Silsbe, Director, Finance Operations at TELUS, discusses the company’s pain points prior to implementing a solution, lessons learned from implementation, and how TELUS has transformed their payables department. Learn TELUS’ plans for increasing discount capture, converting all paper invoices to electronic, achieving a full solution for Service Purchase Order processing, including approval integration and invoice posting and synchronizing all Advanced Shipping Notices. TELUS discusses: How and why to implement a portal use policy How TELUS will save millions through early payment discounts How to track the right metrics and set attainable goals Learn from a company who has experienced implementation already.