Faster collections. Reduced processing
costs.
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Retailer
Retailers are increasingly moving to
automated processes in order to cope with the volumes that move
into the receiving areas of the stores. Delivery drivers are
returning to the supplier with paperwork.
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Corporate retailer
Accounts Payable management is performed from data collected at the
receiving points and thus the data becomes the "gospel truth" of
the transactional lifecycle.
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Manufacturing and Seller
organisations are increasingly feeling the "drowning" effects of
the sheer volume of transactional documentation from the formal
retailers.
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Traditionally, supplier organisations are
attempting to manage transactions through recapture of the
paperwork, resulting in long lead times, human error and missed
query windows.
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This is imposing cost for both buyer
and seller:
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The knock-on effect
of each stage of a process must be understood and critically
managed, to ensure clean processing by the buying party and provide
visibility of the transaction for the seller party.
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In order to combat the "drowning" syndrome
and effectively manage
high volume transaction
business
, it is imperative that transactions are micro-managed with the
level of automation that will identify exceptions at each stage in
the process.
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