Purchasing Insight

Purchase to Pay, Purchasing & Procurement Process, Electronic Invoicing

Browsing Posts in AP Automation

Today, another post from Richard Manson from CloudTrade

Let’s start at the beginning. What do we know about 26? Wikipedia – the font of all knowledge – tells me that 26 is ‘the natural number following 25 and preceding 27’. OK, I can go with this. That’s pretty accurate I guess.

But I know it is more than that. So what else?

Apparently a shape with 26 faces is a rhombicuboctahedron. But, hey, my 2 year old could have told me that… (Note to self, remember that for the next pub quiz).

It is the atomic number for Iron (also useful for the pub quiz).

But moving away from impressive ways to win £50 on a Thursday night…

What else do we know?

The 26th letter and the last letter of the English alphabet is Z. It is the length of a marathon (26 miles and 385 yards to be exact). The human foot and ankle has 26 bones. 26 is the total number of cases on the US version of Deal or No Deal.

….OK, I feel we are now slipping back to the realms of the pub quiz.

So we can see there are many interesting instances of the number 26. Yet the most important (in our eyes at least!) seems to be missing. And without wishing to question the accuracy of Wikipedia, I feel it my duty to reveal the most important, yet missing, reference. continue reading…

What links the P2P Summit in Vegas later this month and the entrepreneur of the year award?

The P2P Summit, (which by the way you should attend – see here) is one of the most important dates in the calendar but, being very honest, I struggled to see the connection between Las Vegas and P2P until I saw the announcement today about the London AIM market entrepreneur of the year award. continue reading…

This week I had the pleasure to support a seminar session run by Canon promoting their P2P offering. This is the transcript of my presentation

P2P has always been important – important in the sense that it has always been important to ensure that the correct approval is given before something is bought. It’s important in the sense that it has always been important to ensure that suppliers are paid according to contractual terms – and important in the sense that it’s important to ensure that the details on an invoice sent by a supplier match what was asked for and what was delivered.

But P2P has taken on a greater importance in recent years and there are three things that have put P2P in the spotlight

  • Visibility
  • Accountability
  • Automation

continue reading…

This is how the thought process goes for AP automation:

“Electronic invoicing could save us lots of time. We could automate accounts payable.”

“Wait – this could be to be complicated. We’d need a project manager and an expert. We may have to buy in some software or work with a third party. Actually this stuff doesn’t come free. It could cost a fortune.”

“$1 per invoice must be cheaper than the cost of a paper and manual process but at 1 million invoices per year, we’ll never justify that. Let’s make an incremental step toward automation. We can scan our invoices and handle them digitally.”

Yeah, right!

continue reading…

I have a great deal of respect for Gartner and pay close attention to their insights and futurology. Despite that, I get a great sense of satisfaction on the occasions when I see what’s what before them.

It’s not news to me that Nipendo are cool but it’s great to see their coolness recognized by a firm as august as Gartner. Nipendo have been named as a “Cool Vendor” in Gartner’s new report “Cool Vendors in Integration, 2014” by Keith Guttridge, Massimo Pezzini, Paolo Malinverno & Jess Thompson. It means that, in the authors’ opinion, Nipendo are “Innovative, Impactful and Intriguing”. continue reading…

Francis-MaudeIt was announced yesterday that the UK Government will be fully supporting the introduction of electronic invoicing in public sector. Speaking at the launch of a Parliamentary Report: ‘Electronic Invoicing – the next steps towards digital government’, Francis Maude, the Minister for the Cabinet Office, expressed with enthusiasm his commitment to see the use of e-invoicing as part of the UK’s ‘Digital by Default’ agenda.

The venue for the launch of the keenly anticipated report was the Strangers Dining Room in the Palace of Westminster, London. I was amongst a group of about 50 people, experts in electronic invoicing from both public and private sector, who listened with some excitement to the strongest endorsement yet by a UK Government Minister of a policy to see payables processes in public sector automated in order to liberate, an estimated £2 billion per year. And despite the wealth of expertise in the room, we all would have struggled to articulate the opportunities with greater clarity than Francis Maude. continue reading…

A few weeks ago I visited Israel to meet some of Nipendo’s customers. Nipendo are attracting quite a bit of attention from the analysts because of the success they’ve had in their home country and now that they’re making progress in North America and Europe it’s important to see their solutions in action to see what all the fuss is about. It was a fascinating trip. Meeting end users and seeing the solutions in action was a real eye opener. Each client was able to share something unique about the transformation that their business had seen through the implementation of Nipendo and collectively they provide an insight into what makes Nipendo worth some serious consideration. continue reading…