CREATING AN INFALLIBLE SUPPLY CHAIN MANAGEMENT PROCESS
PROCESSING AND PAYMENTS
RISK MITIGATION IN PROCUREMENT
“ At Infor , deploying a cloud-based , supply chain business network platform that is designed to assimilate data from diverse sources and trading partners and then to standardise , harmonise , cleanse and enrich that data for subsequent use across the value chain and the business process lifecycle can actually generate more long-lasting ROI and business benefits .”
— CHRISTINE BARNHART
CREATING AN INFALLIBLE SUPPLY CHAIN MANAGEMENT PROCESS
I won ’ t claim that RPA provides some sort of otherworldly power to the business that wields it , but as the market for the system grows , we can see it beginning to dominate the space . The system is being used to redefine the supply chain management narrative , and companies the world-over have implemented it within their operations - proving its use as an efficient , cost-saving tool .
Christine Barnhart , Director of Go-to- Marketing Strategy and Execution at Infor , has kindly collaborated with Supply Chain Digital to break-down and explain the benefits of RPA .
PROCESSING AND PAYMENTS
“ Current Supply Chain Finance business processes rely on manual invoice creation and pre-compliance checks , lack visibility to transactions and payments , afford a minimal opportunity for collaboration with suppliers , and are slow with lots of opportunity for errors and discrepancies .
By leveraging a network platform to connect the enterprise supply chain to suppliers and financial institutions and then adding AI / ML and RPA , companies can achieve automated , touchless invoice processing , improve their supplier ’ s access to capital and improve labour productivity / efficiency .”
RISK MITIGATION IN PROCUREMENT
“ Similar to payments and processing referenced above , much of the risk mitigation process for procurement is manual today , increasing lead time , reducing flexibility and hindering agility . By moving to a network solution that incorporates RPA , companies are able to automate compliance tasks and reduce both time and labour . Typical international transactions require 35 documents across more than 25 parties
67 supplychaindigital . com