09:00 Welcome Back Remarks from the Chairperson

09:15 Reducing operational costs by 20% - 30% whilst maintaining performance

• Developing a monthly practice to analyse cost reports
• Strategies to measure cost of activities and performance
• Identifying high costs through monthly analysis and finding solutions to operate at 70% - 80% of the current cost

Muneer Valappil
Upstream Financial Controller
InterOil

10:00 Round Table Discussion: Strategies for a robust cash flow management with accurate forecasts to avoid errors

• Mastering the art of cash flow management without errors
• Consistent weekly, monthly and annual forecasts: What needs to be reviewed to ensure accuracy
• Making cash flow and capital management at least 95% accurate

Facilitated by leaders of the day

11:15 Panel Discussion: Beat attrition rates. Retain high performers. Reduce operational costs. Focus on P2P excellence

• Current attrition rates in Asia within the captive and outsourcing industry: Singapore – 20%, Malaysia – 24%
• Begin with proper training to sustain good accounting talent
• Rotating associates roles and add responsibilities to enhance employee engagement
• Derive a successful career path for AP and procurement to retain productive associates

Panellists

12:00 Outsourcing AP: Unveiling what Pearson’s discovered about cost vs. competency

• Discover the actual cost and competency level when outsourcing
• Expectations and demands to outsourcing partners Long-term benefits and risks

Ruchika Agarwal
Assistant Vice President, Business Services and Finance
Pearson

13:45 Advancing and streamlining AP processes with lean six sigma methodology: Can it really reduce wasted processes and amplify efficiency?

• Case study: Implementing lean six sigma to shorten invoice processing time and boost productivity
• Results to streamline AP with lean six sigma projects Importance of continuing lean six sigma implementation

Martin Yii
Controller, Australia/New Zealand Financial Service Centre
Sealed Air Corporation

14:30 Achieve dynamic discounting and meeting supplier discounts to improve pre-negotiated discount terms

• Enable suppliers proposal flexibility of early payment discount terms and obtain better savings
• Intel’s successful journey leveraging on technology and innovation for dynamic discounting
• Results: Achieve significant cost savings and improve operational efficiency

15:30 Cutting the cost of transaction to less than $2 and gaining control through minimised paperwork

• Understand how controlling the cost of each item affects cost of transaction
• Minimising paper work and encourage vendor selfservice online
• Automating PO based invoices to achieve less than $2 cost of transaction

Omer Softic
EAME Transformation Manager, Global Business Services
Caterpillar

16:15 How can analytics be useful for AP and procurement to achieve agility?

• Defining analytics and the relevance in today’s changing business environment
• Clarifying the advantages and disadvantages of analytics in AP and procurement
• Analysing and identifying root causes to improve and strive towards agility

Amit Soni
Director of Commercial and Finance
Tesco

17:00 Closing remarks from the Chair & End of Conference