Author: Pete Loughlin

Palette have just announced the appointment Michael Cichy as new General Manager for North America. The enterprise purchase-to-pay specialist Palette is expanding and strengthening its North American operation and has also announced two new partnerships with business automation and integration specialists, OnCourse and AllStar Software.

This is the second article in the series reflecting on how we got here. In the facebook age, when the digital natives – those who don’t remember a time before the internet – are emerging as the new generation of business leaders, thinkers and politicians, it can be easy to forget how today’s business technology evolved. And it’s easy to dismiss it. But knowing a little more than best practice and understanding why we do stuff the way we do is enlightening and helps inform us about the future evolution of business technology.

In the facebook age, when the digital natives - those who don't remember a time before the internet - are emerging as the new generation of business leaders, thinkers and politicians, it can be easy to forget how today's business technology evolved. And it's easy to dismiss it. But knowing a little more than best practice and understanding why we do stuff the way we do is enlightening and helps inform us about the future evolution of business technology.

Supply chain finance generally and dynamic discounting in particular has been has been featured quite heavily in Purchasing Insight. It's not an entirely new concept but in the last year or so it has gained a great deal of traction as a means of getting a real and significant commercial return by being clever with the way invoices are settled and this week, Purchasing Insight is delighted to welcome Taulia, the leading dynamic discounting solution provider, as its first sponsor.

Purchasing Insight logoWe all know that manual processes are inefficient. We all know that the use of paper based business processes is increasingly becoming an anachronism in the 21st century and we all know that AP automation is a good idea. But have you ever stopped to consider how much money is being wasted by not taking action?

A new professional association born of the roll-up of four existing groups was unveiled yesterday at its annual conference and trade show: Fusion 2011, taking place this week in Orlando. The Institute of Financial Operations is the coalition of International Accounts Payable Professionals (IAPP), International Accounts Receivable Professionals (IARP), the National Association of Purchasing & Payables (NAPP), and The Association for Work Process Improvement (TAWPI).

The spotlight has fallen on the paper invoice as an entirely unnecessary source of green house gases in recent years and the rapid evolution of the regulations in many parts of the world is removing the barriers to change to electronic invoicing. But the paper invoice is only part of the story and it seems that the purchase to pay function is one of the worst culprits when it comes to the unnecessary use of paper.