38 min listen
240: Bridging the Gap Between Procurement and Accounts Payable w/ Matt Clark
240: Bridging the Gap Between Procurement and Accounts Payable w/ Matt Clark
ratings:
Length:
33 minutes
Released:
Feb 18, 2019
Format:
Podcast episode
Description
The Accounts Payable team play a key role in the success of procurement. The data that they extract from supplier invoices determines the accuracy of our spend analytics (and therefore our strategic insights) and the capture of the cost savings we claim (and thus procurement's ROI). Today's guest on the show is Matt Clark, President and COO of Corcentric. Corcentric's research shows that, despite the importance of Procurement and Accounts Payable alignment, the vast majority of groups still operate in silo's. And this is costing a typical company up to 60% in savings leakage. In today's conversation, I seek to better understand what keeps an AP Leader up at night, and how a procurement leader can translate this understanding a more collaborative relationship that elevates the impact of both groups. We recorded our discussion just a couple of days after Corcentric entered into an agreement to purchase procurement SaaS provider Determine. In our interview, I also ask Matt to share details behind Corcentric's strategy to continue to grow their end-to-end procurement capabilities.
Released:
Feb 18, 2019
Format:
Podcast episode
Titles in the series (100)
012 - The Strategies & Tactics You Need to Secure Your Best Procurement Hires in 2016, with Mark Holyoake: Mark Holyoake, Owner of The Holyoake Search Group, a boutique Recruitment Specialist focused exclusively on recruiting professionals into the Procurement function, explains the key strategies and tactics that you should follow to secure you perfect Procur by Art of Procurement