Manage Outsourced AP Operations:
- Oversee invoice processing and service levels of the AP outsourcing
- Monitor and report on KPIs to ensure accuracy, timeliness, and compliance.
Vendor Payment & Working Capital Optimization:
- Ensure timely vendor payments while optimizing overall working capital.
- Partner with Procurement to secure quick-pay discounts where beneficial.
Ariba & SAP System Expertise:
- Serve as functional SME for Ariba P2P, including issue resolution, workflow improvements, catalog management, and training.
- Ensure accurate AP data and processing integrity within SAP.
Process Establishment & Standardization:
- Establish Accounts Payable processes ensure consistent, compliant execution
- Document all processes effectively and completely.
Internal Controls & Compliance:
- Ensure proper internal controls are designed and implemented to safeguard company assets.
- Support compliance with Forms 1099, 1042, and escheatment rules.
Continuous Improvement & Cost Optimization:
- Identify opportunities to reduce AP cost and drive operational efficiency.
- Manage outsource partner performance with a continuous improvement focus.