Dashboards dashboards!
We spoke a few weeks ago to the global treasurer of a major multinational (30+ countries and ERPs and the same number of procurement and finance teams ...).
Today, most of the reporting on payables in his business has a week plus (sometimes a month) of latency.
There's a heap of manual heartache involved to ensure that translation differences between countries and systems get ironed out safely.
One of his important KPIs is to deliver working capital efficiencies; but he has neither good visibility nor effective control over days payable outstanding (ie: payment terms agreed with suppliers). Procurement teams in-country handle that ...
Looking at our dashboard, he said it would be his dream to have this kind of data, especially with the drill-down, slicing-and-dicing, and analytical capabilities that we provide out-of-the-box.
Take a look!
Example Prima dashboard (data anonymised and flexed for confidentiality reasons)
Every treasurer and CFO can have this level of visibility. We can even go live without an IT project - just switch us on.
When you can measure it, you can manage it.
Suppliers do the work over our secure platform, self-digitizing their shipments to provide a single, real-time and consistent source of truth across the enterprise at transaction level. And that's irrespective of ERP, country, procurement team, transport method and product.
And we use that data to put corporate treasurers and CFOs in control of DPO (days payable outstanding), providing the tools actively to manage working capital in the supply chain.
Highlighting some of the real-time data flows
To find out more, please contact us here and book a short call (15 mins is enough). We can explain how supplier data can be used to gain control over your days payable outstanding and how this can be delivered with zero net investment and without a complicated project.