Name
Digitizing Accounts Payable and Supplier Relations
Description

Amy Platis wanted to implement best practices in Accounts Payable (AP) at Northwestern Memorial Healthcare (NW). Among them, convert all payment initiatives solely to e-payments without taxing the team of time and resources. Paper checks were too time consuming and e-payments allowed departments to more easily reconcile payments along with sending payments. To implement and ensure high-compliance amongst her supplier vendors, Platis chose to build a Direct Supplier Portal where suppliers could login and adopt NW's preferred e-payment methods. The portal would require an initial IT investment to build, a decision supported by the cost savings projected as a result of improved AP efficiency along with rebate capture. Come hear Platis share her step-by-step journey to AP best practices.

Session Type
Summit Satellite Breakout
Virtual Session Link