Improve working capital - disbursements
Obtain cost savings from your disbursements
In today’s economic environment, have you exhausted all possibilities to minimise supplier spend and maximise the credit extended to you through accounts payable payment terms?
Minimising spend and cost leakage is top of agenda for many CFOs. Traditional disbursement and accounts payable management reporting is often inflexible, produced untimely with narrowly focused information at a high level. Rarely do management reports offer the specific and flexible analysis required to identify root causes and support your goal of cost reduction.
Underpinned by our Deloitte automated analytic tool, (DTect®) we will conduct a review of your disbursements and accounts payable processes and data. Bringing the collective knowledge and experience of Deloitte, we will provide specific and practical recommendations to help you:
- Improve working capital (cash position) and reduce cost leakage by identifying areas to optimise your supplier spend including identification of probable duplicate payments, verification of contract compliance and maximisation of procurement rebates
- Realise cost savings through the recovery of under claimed GST
- Convert historical delays in claiming GST credits into one off cash injections
- Realise cost savings through reduced data preparation time
- Make more informed, consistent and faster business decisions not otherwise possible through existing management reporting techniques
- Identify fraud and help solve control weaknesses
- Make overall process improvements by moving you closer to leading practice.
Contact our team of experts to find out more.