CFO Perspective on BX OperatorConnect
Today’s Chief Financial Officer (CFO) faces a range of challenges in fulfilling his role and accountabilities to the board and company shareholders.
CFO Specific Challenges
- Reducing Days Payables Outstanding (DPO)
- Alignment of Supplier payments with terms agreed
- Managing the company’s cash flow and working capital needs
- Driving efficiencies and cost savings within the finance function
- Hedging against ForEx exposure
Benefits of BX OperatorConnect to the CFO
- Helps to continually improve Days Payables Outstanding figure by automating the transfer of electronic B2B trading documents
- Gives improved visibility and accuracy in planning monthly cash flows because of the AP team’s visibility into the status of overdue Supplier invoices
- Provides better visibility into when payments are due, thereby enhancing the accuracy of planning working capital needs for the accounts payable team
- Results in a lowered cost base for finance and AP teams through a combination of lower costs per transaction and lower costs associates with validation and rework
- ForEx risks can be mitigated due to low Days Payables Outstanding and more clarity around cash flow needs on a Supplier-by-Supplier basis