ASA 2021 Best AP/AR Solution

Payments and receipts are key to any business. How do companies negotiate improved payment terms with their suppliers? We have seen an increase in the use of shared service centres and payment factories in recent years and Payment-on-Behalf-of (POBO) structures are a lot more common now.  We also look at how companies manage their collections, including reconciliation and, as with payments, we are now seeing Collection-on-Behalf-of or COBO structures emerging.Overall Winner – Dubai Municipality, Lubna Khamis Almazrouie, Senior Accountant, Finance Department – General Budget Section.Highly Commended Winner, Best AP Solution – The Hut Group, Ian Armstrong, Group Treasurer, in partnership with Citi.Highly Commended Winner, Best AR Solution – CDK Global LLC, Kirti Talwar, Senior Director, Finance Shared Services.