Digitizing Accounts Payable and Supplier Relations

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