Andy Bartels of Forrester provided a keynote on holistic accounts payable in San Francisco in May. He also discusses the changes in finance and accounts payable that the CFO faces today as the business needs to scale, including the need to offer more flexibility, while streamlining to run lean. He also discusses the antiquated AP function.
Watch the video below.
Andy spoke of a host of issues including globalization of the supplier base, the complexity of supplier payments, and the need to remain lean.
“The payment methodologies in today’s world for you are far more complex than the US-based small portfolio products you may deal with. In today’s world the CFO is playing a different role. CFOs will be and should be focused on customer-centric functions that support revenue growth.”