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Aurionpro Convergence

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Maximize your business potential by
optimizing cash flows and working capital needs

Date Icn 02
27th April 2023
Time Icn12
2:30 pm SGT – 5:00 pm SGT
Location Icn
WeWork, 21 Collyer Quay, Singapore 049320

The annual B2B spend in the Asia-Pacific region will surpass the US$75 trillion mark in 2024. Singapore’s B2B payments market is expected to grow at a CAGR of 5% growth in between 2021-2025. Yet, the B2B payment cycle is inefficient and heavily relies on manual processes, making it a prime candidate for technological advancements that can digitize the end-to-end process.   

For example, 49% of the total B2B invoices in Singapore are overdue and 9% are written off as bad debt. Additionally, the days sales outstanding (DSO), which is the time interval between invoicing and getting payment from customers, has deteriorated for more than 50% of Singapore businesses during the past few years.   

Modern finance leaders know that moving to commercial card payments isn’t just about accelerated payments, but instead part of a broader strategy of digitizing their overall Business payments. By doing so, businesses can generate savings, reduce manual processes, mitigate fraud, increase visibility and control, and strengthen business relationships.

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In this event, you will learn how to :

  • Evaluate efficiencies and cost-effectiveness at each stage of your payables process  
  • Determine the weak links representing the greatest risks  
  • Use automation to mitigate risks and lower the cost of managing payables

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