The new year signals new beginnings and a fresh opportunity for companies to look into the present state and performance of their respective businesses to identify what needs to be further improved or discarded. For most businesses, it is a time to elevate their game, to step up to the challenge of doing better than the previous year. As companies evaluate specific areas of their operations closely, including vendor management, XPRO is at the forefront of providing a game-changing automation service that will help improve B2B relationships this 2021.
Undeniably, the pandemic has taught business owners the value of making every dollar count. Every entrepreneur and company executive scrambled to find areas where they can possibly save on cost. The world crisis also prompted them to identify areas where they are bleeding. Vendor management, for instance, is one aspect of a company’s operations where so much is going on. Naturally, a lot of things end up being neglected in the daily grind of things. Upper management no longer has the time to audit and manage every individual relationship on a day-to-day basis. This obviously paves the way for erroneous payments, outdated information, and unverified vendors. This often overlooked problem can easily result in losses without upper management seeing it right away.
Fortunately, there are available solutions that can be availed to make 2021 so much better than in 2020. XPRO recovery, a full-service, and comprehensive vendor management and profit recovery platform, is able to provide automation that can make vendor management tasks a lot easier and more efficient. Its program can be easily stored in the cloud, making it easily accessible at the same time.
As the CEO of XPRO, Osama Sabbah, explained, “Our solution is the only cloud-based ecosystem that unites your procurement, audit, and finance functionality to create an effective P2P process.”
To uphold excellence and continue its reliable services, XPRO recovery uses only sophisticated and state-of-the-art algorithms and the latest cloud technology. The company enables its clients to organize their master vendor list, perform full audits on vendor payments, and onboard and verify new vendors automatically, to mention a few. Its remarkable automation service makes arduous tasks a lot easier to accomplish. Additionally, automating vendor management results in the transformation of the whole procure-to-pay value chain with very minimal human intervention.
XPRO recovery’s track record includes helping clients recover an average of 1% of their annual expenditures. This is the byproduct of being able to immediately identify errors that previously remained undetected. It is made possible by the use of the most advanced tools that prevent the same errors from ever happening again.
What makes the XPRO recovery automation tool so ideal is its modular nature, which simply means clients can easily choose individual components that they can incorporate into their existing processes. Clients have been raving about this unique feature, allowing them to integrate emerging technology where it is most applicable in their business. Transparency is also one of the key features of the tool, making it possible for everyone to follow the audit process without complications.
As XPRO aggressively empowers businesses to improve their vendor management processes this 2021, immense growth is foreseen in the future.
Visit the XPRO Recovery website to know more about its services and latest projects.