Insights
26 Jan Tradeshift: Catching the Wave Just Right
Tradeshift, the new kid on the e-invoicing block, is making itself conspicuous by offering free electronic invoicing. But there's more to Tradeshift than a headline grabbing feature like that and no-one should dismiss them as too good to be true.24 Jan P2P 101: The Financial Impact of Maverick Spend
Recently we wrote about spend analysis and in particular how important it is for spend analysis to be meaningful in a commercial sense. Analysis for the sake of analysis is worse than useless - it makes you look like a fool18 Jan Spend Analysis Payoff
A significant amount of effort - and money - is spent by procurement organisations on spend analysis. It's a complete no brainer. Without understanding what you spend, how can you begin to manage it. Knowledge is power. What gets measured gets managed. All true of course but how do you actually derive commercial benefit from spend analysis. In other words - "show me the money!"18 Jan Grant Thornton Chooses Palette for Hosted Invoice Management Service
Posted at 03:31h
in Electronic Invoicing, Financial Supply Chain Management, P2P Europe, Purchase to Pay
One of the leading financial and business advisers, Grant Thornton Sweden, has deployed an invoice processing solution from enterprise purchase-to-pay specialist Palette as the backbone of its internal and hosted electronic invoice management (EIM) service.
Grant Thornton Sweden is one of the leading financial and business advisers, providing services in Sweden and internationally. Currently processing around 30,000 invoices per month for over 300 customers both in Sweden and internationally, Grant Thornton’s EIM service improves the efficiency of customers’ accounts payable, as well as optimising the company’s own internal invoice management system.
16 Jan When the Cloud Becomes Smog
When I want to read in bed, I press a button and a light goes on. When I want to fry an egg, I turn the dial on my stove and it gets hot. When I want to take a shower - I just do it. I don't have my own electricity generator or my own natural gas source or a water purifying plant. Why would I? I just want the end product. So why do I have an IT department? We love the cloud. It frees up business to get better at business instead of getting better at IT. But as businesses become more enthusiastic to embrace and exploit the cloud it is becoming more evident that along with cloud computing comes a complex chain of accountability.10 Jan P2P Perspectives – Why Procurement and Finance Need Each Other
Purchase to Pay is crucial to making promised savings a reality. A great promised saving for a particular procurement category is worthless if you can't prevent people in your organization going off piste when it comes to purchasing. And a great supplier relationship will be ruined if your finance function pays late.
Because you're reading this - you probably already know all about P2P. But do you really know what P2P is? Because depending on whether you see it from a finance point of view or a purchasing point of view you could have a very distorted view of what getting P2P right is all about.
It's a bit like a police investigation. Three different witnesses to a crime can give three entirely different accounts of an incident - so much so that the police could be forgiven for thinking that there was three separate incidents. The witnesses are not stupid and they're not lying - they simply have different points of view. And its the same with P2P.