By Steve Dalton on Jan 11, 2013
Come join Oracle, Smiths Medical, and PWC at this exclusive financial executive briefing.
What if you lost a tenth of a percent of your vendor spend to cash leakage?
It may not sound like much at first, but the losses quickly add up. Consider a firm that spends £1 billion and has a 5 percent profit margin. It would take an additional £20 million in incremental sales to recover cash lost due to leakage every year.
But what can you do? If you’re like most organisations, you’re already devoting too much time to manual tasks such as reviewing vendor invoices for errors, checking user access, and detecting unauthorised changes. Oracle recognises that this remaining element of manual controls presents an untapped opportunity for your organisation.
There’s a better way. Oracle offers advanced financial controls to help you:
- Reduce cash leakage by automatically detecting duplicate vendor invoices
- Improve working capital with insight into sales invoice exceptions and customer account write-offs
- Ensure financial reporting accuracy by delivering consistent data to the consolidations process
Hear first-hand from Steve Ogilvie, Director, Governance and Security the benefits achieved by Smiths Medical from implementing Oracle’s GRC technology.
This is a must-attend event for finance executives who are ready to learn how they can increase the efficiency and effectiveness of their process controls. And if you are considering an ERP systems upgrade, this is an even more opportune time to learn how advanced financial controls can improve your bottom line.
Tuesday, November 27, 2012
8:00 a.m. PST / 11:00 a.m. EST