Purchasing Insight

Purchase to Pay, Purchasing & Procurement Process, Electronic Invoicing

Browsing Posts in e-invoicing

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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Today, a post from Richard Manson from CloudTrade

I recently received an email from a disgruntled supplier, unhappy at the request they had received from a customer asking them to submit their invoice via the ‘leading global e-invoice network’.

Their frame of mind wasn’t a reaction to the physical act of submitting electronic invoices – though they did say they weren’t impressed by the limited submission options available, and were concerned about the impact it would have on their business. Their dismay was that they were being asked to pay for the privilege of sending their own invoices to their customer – and pay far more than it would cost them to use the standard postal service! continue reading…

Today, Richard Manson from CloudTrade explains how EDI programmes can be transformed to extend their reach.

EDI is nothing new. In fact it has been around since the 1970’s. So why do most organisations that venture down this route still find it so hard to on-board suppliers? It’s not just the number of suppliers that are able and willing to adopt EDI, but also the time it takes to get suppliers on-board.

To get an insight into the issues, let’s first step through the typical supplier adoption process. 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…

I had the pleasure of attending the formal launch of “Electronic Invoicing, the next steps towards digital government” on 30 April.

The report is a welcome indication of the seriousness with which the issue is taken in government. It is also a sensible document which does not fall into the trap of underestimating the complexities of the subject. I particularly liked that, although it favours some form of overt or covert mandating of eInvoicing, it does not mandate any particular technical means of achieving this.

Inevitably, when reading the document, questions arise and I explore a couple of them here. These are not intended to be criticisms of the work of the inquiry team, more ‘thoughts occasioned by’ the document and also as indications of some of the difficult issues facing them. 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…