Purchase to Pay
28 Apr Palette and ReadSoft Extend Global Partnership
Enterprise 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 achieve rapid, significant cost savings and efficiency gains by automating their supplier invoice and sales order processing, from scanning through to approval and archiving.25 Apr Electronic invoicing – what’s so important about Germany?
Those 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 abandoned. Great! But so what! What's so important about Germany? Let me explain why it's important.12 Apr Top on-line purchasing resources point the way to the future of purchasing media
Posted at 08:43h
in Electronic Invoicing, Financial Supply Chain Management, Purchase to Pay, Social Media
Charles Dominick - nextlevelpurchasing.com - recently published his top twenty online resources for procurement pros. It's an interesting list, ordered by Alexa ranking (notoriously unreliable but as a relative rank guide, there or there abouts).
There's the obvious resources that you'd expect to be well ranked such as Supply Chain Management Review and Supply Management and there's no surprise to see Spend Matters and Peter Smith's Spend Matters UK up there with Procurement Leaders. But what I found particularly interesting is the specialist niche resources that are exerting an influence.
07 Apr Purchase to pay plumbing – the critical touch points between finance and procurement – part 2
This is the second part of a two piece article on the touch points between purchasing and finance. You can read part 1 herePurchase to pay plumbing manual – part 2
Knowing your end of the purchase to pay process is all well and good but, if you are at the purchasing end for example, which part of the payment end do you need to be joined up to? Here’s a few more of the purchase to pay touch points that should help get the P2P plumbing in place.
07 Apr Purchase to pay plumbing – the critical touch points between finance and procurement – Part 1
Have you ever installed the plumbing in a large office? Neither have I. And if I did I would hold out much hope of it not springing a leak or two. It's a complicated business and you would think twice about having your corporate plumbing installed by anyone other than a trained professional. It's a shame that most organisation don't apply the same rigour when it comes to installing P2P processes. It's a useful analogy. Installing only half of the purchase to pay process is like installing half of the plumbing. Turn the water on and it will be like a monsoon. Both ends of P2P need to be joined up - but knowing which purchasing component joins with which payment component isn't always obvious.20 Mar 3 reasons why AP automation projects fail and how avoid the mistakes
Posted at 19:11h
in Electronic Invoicing, Intelligent Data Capture, Purchase to Pay, Purchase to Pay Process, Purchasing Process
AP automation has got a bad name for itself in some quarters. You will often hear of projects that meant well but either failed to meet expectations or were abandoned completely. There are many reasons why projects fail such as poor change management or lack of sufficient resource but for AP automation projects, there are three particular issues that crop up again and again in failed or disappointing projects.