According to industry experts, a typical one billion dollar company spends approximately $27 million on unnecessary working capital and inefficient processing functions because they lack visibility into the financial supply chain. Optimizing Back Office Operations: Best Practices to Maximize Profitability
uses examples and case studies to show how cost optimization—and not cost reduction—in the core back office operations is the right approach to maximizing profitability and enterprise value. Implementation guidance is provided for Executives, CFOs, and Controllers on transitioning from outdated processes to a fully-optimized financial supply chain.
Keywords: supply chain, supply chain managers, financial supply chain processes, purchasing, accounts payable, capital optimization, Zahid Khalid, back office accounting, back office efficiency, accounts payable management, accounts receivables management, accounts receivables, purchasing management, supply chain management