Financial process automation experts, Valta Technology Group (Valtatech), have launched a new self-assessment tool to help enterprise organisations improve their business resiliency and reduce negotiable spend during the COVID-19 Pandemic.
The self-service tool, which is available to all businesses online and free of charge, is designed to help businesses, who have been impacted by the pandemic, to measure and analyse their spend and outgoings; and identify the steps they need to take to improve their business resiliency, operational efficiency, and ultimately increase their profitability in the current climate.
Stuart O’Neill, Managing Director APAC at Coupa Software, said, “In times of crisis and recovery, every dollar counts towards business survival and growth. On-demand visibility over committed spend and outgoing liabilities will help organisations make better spend decisions and build resiliency. In today’s economic climate, this free tool from our partner Valtatech will help Australian businesses to identify opportunities for operational efficiency.”
Built on Valtatech’s unique experience and understanding of both the Procurement to Pay and Source to Pay areas of business operations and spend management, Valtatech’s free self-assessment tool highlights the connection between spend optimisation and organisational performance. Enabling struggling organisations to identify and overcome inefficient processing systems, and to transact digitally with their trading partners, regardless of their size, location, or technical maturity.
Jussi Karjalainen, Founder and Managing Partner of Valtatech, said, “Now, more than ever, businesses find themselves operating in an increasingly volatile, uncertain, complex, and ambiguous (VUCA) environment. The key question is how can businesses position themselves to not just survive in this environment, but thrive? How well could your business deal with future disruptions? Our experience shows that the businesses who are going to thrive have optimised and gained control of their spend and are delivering more revenue with less cost.
“Surprisingly, many businesses still fail to see the connection between saving money and increased profit. Increasing profit through sales during a global pandemic can be incredibly hard; but putting spend and procurement processes in place is a lot easier. We are here to help, and we have launched Valtatech’s self-assessment tool to ask the key questions your business needs to consider before embarking on a journey to spend and payments automation.”
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