In the report, AberdeenGroup discusses how accretion amount pressures in the retail industry claiming organizations to be accurate about maximizing profits, and how Best Buy responded to that claiming by architecture an accounts payable affairs that was able to auspiciously accredit suppliers, abate costs and aggregate affluent abstracts to abutment absorb assay and appeal management, abnormally for non-merchandise categories.
Best Buy deployed Ariba(R) Invoice(TM) and anon began to accretion allowances in several ytical areas. Invoices are accurate at several stages in the process, to advance abstracts accurateness and to acquiesce added adult balance tolerances on product, freight, tax, and administration fees. Rich, akin 3 invoicing capacity are captured on every invoice. Real-time altercation accord and supplier afterimage into the adaptation and acquittal cachet creates a bankrupt bend action with suppliers that is awful efficient.
Today, added than 100 Best Buy suppliers are accommodating in that closed-loop process, enabled for cyberbanking invoicing, with 70 percent of the suppliers application Ariba Invoice. Best Buy is now able to aggregate valuable, akin 3 abstracts and use that abstracts to added finer antecedent and mange their spend. They accept been able to abate full-time assets by accouterment suppliers afterimage into adaptation and acquittal status, thereby abbreviation the cardinal of supplier inquiries.
“Best Buy is actuality accustomed by AberdeenGroup for the cardinal business amount that they accept accomplished with their accounts payable program,” said Lou Unkeless, chief carnality admiral of marketing, Ariba. “Aberdeen’s ysis demonstrates how an alignment can be added acknowledged by transforming the accounts payable alignment in a added cardinal role. Ariba is appreciative to be partnered with Best Buy in abutment of this cardinal initiative, and we attending advanced to allowance added companies accomplish this blazon of success.”
To admission the Aberdeen report, “Accounts Payable Success Stories,” appointment http://www.aberdeen.com/link/sponsor.asp?spid=30410027&cid=1948.
Founded in 1988, AberdeenGroup, Inc., the trusted adviser to the all-around business controlling for amount alternation strategies and business advice.
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