Many companies today still employ various point solutions from niche AP and P2P software providers to execute the financial supply chain. In doing so, companies over-complicate the very process they seek to simplify. Point solutions reside in a silo, preventing the flow of data across departments such as sourcing, logistics, treasury and finance. They become a barrier. PayStream Advisors suggests companies can gain the same benefits seen with niche providers, but through a single, consolidated platform that houses multiple solutions. By using a broader platform approach with their supply chain transformation, companies gain more than just a single point facilitating multiple solutions—this platform houses, connects and shares data across all areas of the business process, including the physical and financial supply chain.
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