It’s fascinating. No one would argue that e-procurement wasn’t e-procurement because the final P.O. produced was an emailed pdf. But when it comes to e-invoicing, people get very precious about what is and isn’t an e-invoice. Why is that?
Purchasing is a complex set of interconnected and dependent people, processes and technology. – market knowledge; benchmarking information; purchase to pay and accounting systems and processes and last but by no means least – data. Data – your procurement organization’s Achilles heal.
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…
What gets measured gets managed. It’s a slightly tired truism but it’s very relevant to Purchase to Pay and, sadly, often overlooked. Most P2P (Purchase to Pay) projects are justified as a means to reduce cost. They introduce efficient processes that allows purchasing payment and…