Delivering Transparency in Hospital Finance with Accounts Payable Automation
Pamela Gallagher, a CFO with 20 years’ experience implementing accounts payable (AP) solutions in hospitals across the US, cites lack of transparency, caused by manual processes, as one of the most significant challenges facing hospital CFOs.
Hospital AP processes are often highly-manual and inconsistent, resulting in low productivity, incomplete or unreliable information, and deficient reporting. As a result, CFOs are faced with a lack of visibility and control over financial operations which causes significant problems in terms of accountability, auditability, and strategic decision-making.
This webinar will detail how AP automation provides a sustainable, long-term solution to these issues and equips CFOs with 100% visibility over finance operations, ensuring tangible results such as:
- 73% straight-through processing of invoices
- 86% increase in productivity per full-time employee
- 80% reduction in invoice processing costs
- 100% visibility and control over accounts payable