Purchase to pay – the bigger picture
Posted by Pete Loughlin in Purchase to PayPurchasing Insight has just published a new, free to download white paper ‘Holistic Purchase to Pay’.
Purchase to Pay
Holistic Purchase to Pay
Posted by Pete Loughlin in e-Procurement, Electronic Invoicing, Financial Supply Chain Management, Purchase to Pay, Purchase to Pay ProcessIt doesn’t take a mathematical genius to understand the business case for some purchase to pay initiatives. Dynamic discounting – exchanging a discount in return for early payment – can give a return on capital of over 30%. Reverse factoring and other supply chain finance…
Is it the end of the road for the purchasing card?
Posted by Pete Loughlin in e-invoicing, e-Procurement, Electronic Invoicing, Financial Supply Chain Management, Purchase to Pay, Purchase to Pay Process, Purchasing Card, Supply ChainThe purchasing card is a great business tool. It empowers people to make purchases without the need for a complex and often expensive purchasing process. When a low value item costs less than the cost of the purchasing process itself, it makes sense to cut…
Electronic Invoicing – relaxation of the rules doesn’t mean “anything goes”
Posted by Pete Loughlin in e-invoicing, Electronic Invoicing, P2P Europe, Purchase to PayThe relaxation in the regulations on electronic invoicing in Europe will allow more organizations to take advantage of the lower business costs and greater control and efficiency that they allow but – as Ernst and Young point out in an insightful piece recently – a…
Poor paper performance from purchase to pay
Posted by Pete Loughlin in Purchase to PayThe spotlight has fallen on the paper invoice as an entirely unnecessary source of green house gases in recent years and the rapid evolution of the regulations in many parts of the world is removing the barriers to change to electronic invoicing. But the paper…
Palette and ReadSoft Extend Global Partnership
Posted by Pete Loughlin in News, Purchase to PayEnterprise purchase-to-pay specialist Palette has extended its partnership with ReadSoft, a world leader in document process automation, to provide advanced, closely-integrated solutions to customers internationally. The partnership will integrate PaletteArena, a complete purchase-to-payment suite, with ReadSoft’s advanced document capture solutions. This will enable users to…
Electronic invoicing – what’s so important about Germany?
Posted by Pete Loughlin in Electronic Invoicing, P2P Europe, Purchase to PayThose following developments on electronic invoicing will be very familiar with the news from earlier this year that the rules in Germany are about to be relaxed. From 1st July 2011 the technical requirements imposed on the use of electronic invoices in Germany will be…