From the past few years, we have seen the emergence of a new business strategy in global companies and organizations, which is appointing a single-point owner – the Global Process Owner or GPO. This modern approach is about assigning ownership to an individual over an end-to-end process across any geographical and business units. This procedure brings up a new strategic corner related to the domain of finance & accounting, technology, people, business process, and performance.
Having a centralized organizational model, leveraging shared services, improving process standardization, enhancing accountability, and bench-marking performance for company standards are some of the key leads behind the GPO approach.
As the entire Order-to-Cash cycle of a company is split into several stages, it leads to adding up the multiple functional silos and geographical units to it. Hence, it becomes process-intensive and requires a great deal of maintenance with visibility and accountability.
Cargill is a team of 160,000 professionals spread over 70 countries drawing together the worlds of food, agriculture, nutrition, and risk management. With over 153 years of experience, Cargill is building towards a sustainable future with new technologies and insights.
From a global process owner perspective, there are four critical components related to finance, mainly focusing on Credit to Cash-
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