AP Automation
13 Mar Lies, damn lies and AP automation metrics
It's ironic. The very statistics that show the compelling case for AP automation also show that AP automation is the last thing a business needs to be planning. Today at Kofax Transform 2012, Scott Pezza from Aberdeen (@scottpezza) presented a comprehensive set of numbers illustrating the compelling case for automation of Accounts Payable. One metric after another showed that best in class organizations stand head and shoulders above even average businesses in terms of benefits they derive from initiatives like e-invoicing and scan and capture. But as I listened to Scott's eloquent presentation, something nagged at me.07 Mar Alusta – Basware’s get out of jail card
Posted at 15:07h
in AP Automation, Financial Supply Chain Management, Purchase to Pay, Purchase to Pay Process, Social Media, Supply Chain Finance
I was excited to read about Alusta last week – the end-to-end framework or platform that Basware have developed for their procure to pay offerings and I was keen to understand a bit more about it when I hooked up with Juha Häkämies VP Market Development, Rowan Lemley, product Marketing Manager and John Webster, VP Global Product Marketing
What is Alusta exactly? Is it the purchase to pay panacea or simply vaporware – a new marketing spin on an old set of products? Actually a bit of both – but in a good way.
05 Mar Brainware snapped up by Lexmark
Lexmark International have announced the acquisition of Luxembourg-based BDGB Enterprise, including its U.S. subsidiary Brainware for a cash purchase price of approximately $148 million. According to the report in Streetinsder this acquisition is "consistent with Lexmark's capital allocation framework of pursuing acquisitions to support the growth...
05 Mar Tradeshift alters the e-invoicing paradigm – again
When Tradeshift launched a couple of years ago, their 'free invoicing' mantra wasn't actually a new idea. Many suppliers were already able to e-invoice for free albeit in a limited way, but Tradeshift made it a bigger deal and they have changed the e-invoicing landscape forever. We'll see more 'free' e-invoicing happen this year - and not just from the smaller players. But just as the electronic invoicing world is coming to terms with the Tradeshift model - they've done it again - this time in a highly original way. This is going to change the rules of the game big time.02 Mar Spoiler alert – a quantum leap is about to happen in e-invoicing
For electronic invoicing, the days of 60% adoption, even 70%, 80% or 90% adoption, are over. From now on 100% is no longer just an aspiration.01 Mar Basware’s new purchase to pay platform – they’ve been peeking at my wish list
Posted at 14:52h
in AP Automation, e-invoicing, e-Procurement, Financial Supply Chain Management, P2P Europe, Purchase to Pay, SaaS, Social Media, Supplier Networks, Supply Chain Finance
Basware have just made a very interesting announcement and launched Alusta, a “cloud-based platform for business-to-business transaction collaboration." According to their announcement yesterday, Alusta (Finnish for "platform") provides "open, centralized access to all Basware services via a scalable, secure, open collaborative commerce ecosystem for buying and supplying organizations of every size and location."
If it lives up to half of the hype, this will be a truly impressive platform.
Alusta isn’t ground breaking. It isn’t even new thinking but what it promises is to bring together a wide set of leading edge tools technologies and techniques to create a purchase to pay platform that could be world beating.
That’s the promise anyway. So what’s it got that’s so impressive?