Purchasing Insight

Purchase to Pay, Purchasing & Procurement Process, Electronic Invoicing

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In a few weeks’ time there’s superb opportunity to network at one of the most important events in the calendar. People from across the full range of the purchase to pay spectrum, from e-procurement and e-invoicing, through to supply chain finance and AP automation will be at the P2P Summit in October. It really is one of those events you should not miss and I’m genuinely delighted to be able to offer Purchasing Insight readers a discount on the admission price.

But you have to act quickly. Register before September 15th 2014 and you pay $795 instead of the usual $1,395 – that’s a 45% discount.

It’s going to be a lot of fun and I’m looking forward to meeting Purchasing Insight readers there.

CLICK HERE TO LEARN MORE ABOUT THE P2P SUMMIT IN OCTOBER

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!

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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…

I’ve become a fan of Nipendo. Nipendo offers, in many respects, what I see as the next evolutionary stage in Purchase to Pay. Rather than simply offering clever means to automate the traditional steps in the purchasing process through things like e-procurement and e-invoicing, they offer what I think of as ‘Packaged P2P’. When I visited some of their customers recently I spent time with Eyal Rosenberg, their CEO and we spent quite a bit of that time discussing how the Nipendo platform could be leveraged to offer supply chain finance. And now they’ve done it and the press release that accompanies their new partnership with Integrate Financial explains the synergy. continue reading…

Quite some time ago now I came across a P2P provider, Nipendo. I have to say, the case studies that they presented on their website were quite astonishing. I’ve seen companies brag – quite rightly – of getting very high levels of PO compliance or impressively high e-invoicing stats but when a company boasts of well over 90% straight through processing – that is over 90% PO compliance with electronic POs matching e-invoices with receipt confirmations – it’s more than astonishing. In fact, I didn’t believe it.

Some of the largest and most sophisticated businesses in the world have spent years and hundreds of thousands, even millions  of dollars on supply chain process and they’ve not been able to achieve this. So what is it about the Nipendo approach that allows them to achieve such impressive results and let’s be frank about this, are their claims actually true? continue reading…