Discussion Between CFO and CIO: Back Office Automation
There is a Solution for “Doing More With Less” API Business Process as a Service (BPaaS)
CFO I have been reading about automation of accounts payable and accounts receivable processes.
CIO Interesting, you are stepping into some confusing space.
CFO The bottom line is we must cut our non-core back office costs while we decrease our Days Sales Outstanding (DSO) and control our Days Payable Outstanding (DPO). We also need better Record to Reporting (R2R) to gain more business intelligence. That being said I don't have the money available to pay for equipment, software and implementation costs. I don't want to decrease my working capital to buy hardware and software for back office systems. When the economy starts to take off we will need more working capital to handle the growth. I also do not have 18 months to complete the implementation to get fully functional to derive the financial benefits.