(n.): the ideal, utopian environment that finance organizations thrive in; a perfect world where processes are automated and transactions are seamless
Fintopia™. It’s a perfect state of financial bliss — a state that any financial department in any industry should aspire to achieve. It’s a state where all data and reporting is dynamic, where departments have control over cash flow, where transactions are smooth, and processes are seamless.
Where does your organization fit into the financial landscape? Are you ahead of the game or falling behind? Do you feel like you’re well on your way to financial bliss?
This allows them to process 250,000 purchase orders annually.
Heineken cut order-related paper invoices by 60%, and non-order related invoices by 40%.
Even though the technology exists today to automate the entire process, half of companies still say that none of their invoices are submitted electronically and aren't processed straight through, without human intervention. Learn how invoice automation helps you achieve AP excellence.
Every finance team wants to reach a state of Fintopia, a state where they have immediate insight into the entire accounts payable process and can use analytics to flawlessly predict cash flow and demand. So why doesn’t it happen? Why doesn’t every team reach Fintopia?
In a utopian world, processes would be automated and transactions would be seamless.
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