Purchase to Pay

28 Jul

Posted at 14:50h in Procurement Best Practices, Procurement Process, Purchase to Pay, Purchase to Pay Process by
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No PO No Pay is often thought of a means to "train" suppliers providing them with a somewhat negative incentive to comply with their customer's purchase to pay processes. "No PO No Pay No Exceptions" - I've said it myself - but in practice not only does it not work, it's directing effort in the wrong direction.

07 Jul

Posted at 14:16h in Purchase to Pay by
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One of the key reasons to implement tight controls within purchase to pay is to ensure that people can’t steal. But when I talk to businesses about the need to mitigate against the risk of fraud in finance departments - about how it’s possible for staff to collude with suppliers or to falsify information for personal gain - I hear this response again and again: “But who would do that?” What they’re actually saying is: “We’re all trustworthy here. I don’t know anyone that would do such a thing.” But regrettably,  the truth is a little different. The reality is that there are only two types of people – those that cheat and those that cheat more.

02 Jun

Posted at 15:00h in AP Automation, B2B, e-invoicing, Electronic Invoicing, Purchase to Pay by
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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”.

25 Apr

Posted at 16:42h in AP Automation, Purchase to Pay by
1 Like
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.

09 Apr

Posted at 12:48h in AP Automation, e-invoicing, Electronic Invoicing, Financial Supply Chain Management, Purchase to Pay, Supply Chain Finance by
1 Like
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.

31 Mar

Posted at 13:26h in Purchase to Pay, Purchase to Pay Process by
1 Like
Accounts Payable the MovieImagine you're a casting director for a new Hollywood movie about Accounts Payable. I know what you're thinking - a movie about Accounts Payable isn't going to break any box office records - but you never know. Given the right characterization and a decent plot it could work. So who would you cast the AP protagonist? Who could embody accounts payable?  Are they young or old? Male or female? Are they attractive or plain? Sexy? Heroic? Timid? Tall? Short? What does a stereotypical AP person look like? 9 times out of 10 you'd say it would be a woman and 10 times out of 10 you'd say they were a little bit crazy. A little bit crazy to say the least. It's true, AP people are nearly always women and nearly always wired in a way that the rest of us don't understand. They memorize dozens, sometime hundreds of account numbers, cost centers and general ledger codes and they get pissed off when the rest of can't remember them all too. But contrast that with the stereotypical purchasing person. How would finance people cast a procurement person in the movie?

17 Mar

Posted at 08:37h in AP Automation, Nipendo, Purchase to Pay by
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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?