Eliminate the administrative burden of rebates from finance | Enable
Summary
Without accurate rebate data and efficient processes in place, organizations run the risk of making the wrong decisions, ultimately stalling growth and impacting performance. While a necessary tool in some instances, spreadsheets are extremely prone to risk and increase the hours needed per full-time employee to close the books, therefore, they are a big administrative burden. Yooz found that companies spend an average of 32 hours processing vendor invoices per month, by which time the business is close to the wire in terms of payment deadlines and has minimal leeway to manage cash flow. From legal contracts and emails to files stored in dusty cabinets, unstructured data represents a treasure trove of underutilized information and not to mention the costs that come with it. Trustworthy data not only enables CFOs to shift from a reactive to a strategic mindset, but also empowers finance to eliminate the administrative burden and contribute more to the long-term vision of the business.
