With tightening credit and revenues, companies are particularly focused on reducing working capital requirements to minimise reliance on borrowing. Experts point to the timing of accounts payable and accounts receivable as a significant area where cash can be taken out of the system. The opportunities for cash savings and preservation in accounts payable and inventory management are largely untapped or unfulfilled at most organisations.
IBM® Emptoris® Strategic Supply Management solutions provide capabilities to enable companies to more effectively Maximise working capital.
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Automate the entire contract lifecycle and improve compliance
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A single end-to-end supplier management solution