Purchase to Pay

18 Mar

Posted at 03:37h in AP Automation, e-invoicing, Electronic Invoicing, Purchase to Pay by
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This week I had the privilege to see a demonstration of a technology that is going to fundamentally change accounts payable. Kofax announced the acquisition of Mobiflex in December last year. They announced at the time that this would bring Kofax Capture to remote workers allowing truck drivers, field engineers, architects and insurance claims assessors to capture data from documents in the field. We wrote about it here and I have to confess I was skeptical. But, after seeing the demo, skeptic no more. From an AP automation perspective, Kofax Mobile Capture is even better than even Kofax know. And here’s why.

13 Mar

Posted at 11:40h in Big Data, Purchase to Pay by
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This is 2012 and still my bank appears not to know who I am. This is despite the fact I have credit cards, insurance, checking accounts and mortgages with them.  Shouldn’t their customer relationship management systems be able to identify me? Maybe they do have a clever CRM system and maybe I’ve just been segmented into the “who the f*** is this guy” category. It’s one of the great disappointments of the 21st century that the local pizza place knows me better than my bank.

07 Mar

Posted at 15:07h in AP Automation, Financial Supply Chain Management, Purchase to Pay, Purchase to Pay Process, Social Media, Supply Chain Finance by
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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.

01 Mar

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 by
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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?

18 Jan

Posted at 15:25h in Purchase to Pay by
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Purchase to pay process, SOX controls, segregation of responsibilities - to a business they can, and are, seen as obstacles to just getting things do. But they are a necessary evil. Without them fraud would be rife. So what are the most common purchase to pay frauds? We can't know for certain which are employed most often but based on common knowledge and a bit of personal experience we think these are good candidates for the top six.

04 Jan

Posted at 15:14h in AP Automation, Dynamic Discounting, e-invoicing, Electronic Invoicing, Financial Supply Chain Management, Purchase to Pay, Purchase to Pay Process by
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Ready for the new year, Patrick Harbin has published and amazing 50 ways to reduce costs in accounts payable.  They say about new year’s resolutions that you should ensure they are achievable so for those that think 50 major change management  programs in one year - that’s 1 per week – is a little too much, you might want to consider the first 5 because we think the first 5 are the best 5.

16 Nov

Posted at 11:51h in e-invoicing, Electronic Invoicing, P2P Europe, Purchase to Pay by
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This is how it will be read. When the European regulators produced guidelines on how bent a banana could be, there was a media frenzy. Headlines like "Europe Bans Bent Bananas" and "It's Official - Bananas Banned by Brussels". It was a Euromyth of course but it sells newspapers and I can feel the same thing is going to happen when the CEN get's its hands on e-invoicing standards.