Focus Session | How do you accelerate and optimize the final P in P2P in your digitalization journey?
Since September 2020 you can no longer send paper invoices to Volvo Cars in Sweden. Country by country is going to be rolled out, focusing on the highest volumes first. When the global automotive industry in general is changing and Volvo Cars in specific is transforming with the aim for half of its global sales to be fully electric cars and half of its revenue to be generated from direct consumer business by 2025 – Finance needs to play its part!
With a tight collaboration with Procurement we have set our digital targets, system solution for paper invoices are decommissioned and efficiency is increased.
Volvo Cars have since 2017 chosen to move over to the agile methodology, part of finance and procurement have adapted into the new way of working to meet future requirements of business.
During this session you will learn about their roadmap to saying no to paper invoices is a vital part to become digitalized within finance area, what choices they have made ensuring both procurement and suppliers are onboard for the change.
- What does it mean saying no to paper invoices?
- In what ways have finance and procurement collaborated in communicating with suppliers?
- What impact have the agile way of working had on the roll out of ”no paper invoices”?
- How is the final P within P2P process part of preparing for the transformation?
Anna Törnlöf Larsson
Product Owner at Digital Finance
Volvo Cars
Camilla Benkeson
Global Process Owner P2P
Volvo Cars