Benefits of attending
The pressures on the public sector to reduce costs are massive. Everything is pointing to budget cuts for 2009. Not only is there pressure from the Gershon Report stating 2% operational savings to be realised in the sector, but borrowing has ballooned putting a massive question mark over public spending; the next election may bring in a government with a different view on funding; and Councillors will avoid Council Tax increases at all costs.
So what does all this mean? If funding and revenue is uncertain, and there’s pressure to strip out operational costs, the first place to scrutinise for saving opportunities is transactional finance function. The haemorrhaging of cash in Public Sector Accounts Payable is terrifying. On average one AP clerk processes 4,000 invoices per annum, three times less the average in the private sector. A cost of over £10 per invoices is standard. So a council or department processing 250,000 invoices per annum is staring at a staggering £2.5 million cost… just to pay suppliers. You have to ask yourselves why?
Join us in January for this excellent three day event designed to equip Finance Shared Services and P2P Owners in Local and Central Government:
- Reduce costs in invoicing process by a staggering 50%
- Reduce the number of suppliers by 95% and increase your purchasing power
- Run finance operations off a robust and scalable ERP or accounting system
- Effectively centralise invoice processing and payments into an independent or collaborative shared services centre
- Implement e-procurement and e-invoicing initiatives which will quickly move AP to touchless processing
- Reduce Receipt to Post cycles by 60%
- Realise £1.5 million in savings through shared services
It is important to book early! By doing so you will save up to £700 off the price! Be sure to attend the Learning Labs on Friday 23rd January which will help you attain P2P compliancy and move your invoicing process to touchless. If you still have too many paper invoices polluting your Accounts Payable, these Labs are a must – but be quick – places are limited. Delegates that register for both Labs receive the 71 page ‘Purchase to Pay Solutions and Provider Report 2008’ (worth £499) for free.
Join your peers at this conference and be privy to exceptional stories from:
BOLTON COUNCIL
MILTON KEYNES COUNCIL
ESSEX COUNTY COUNCIL
DEPARTMENT OF HEALTH
DEPARTMENT FOR TRANSPORT
MINISTRY OF DEFENCE (MOD)
KING'S COLLEGE HOSPITAL NHS FOUNDATION TRUST
LONDON BOROUGH OF HACKNEY
NHS ROYAL FREE
UNIVERSITY OF EXETER
HIGHER EDUCATION FUNDING COUNCIL FOR ENGLAND (HEFCE)
HM REVENUE AND CUSTOMS (HMRC)
DEPARTMENT FOR INNOVATION, UNIVERSITIES & SKILLS (DIUS)