Beauty products company Elizabeth Arden has signed a contract with procurement outsourcing specialist ICG Commerce as part of its strategic initiative to increase business efficiencies, the service provider has announced. Read more...
InvoiceReady removes paper and reliance on manual spreadsheets, reducing the time and cost burdens of financial processes and increasing visibility of financial commitments STAMFORD, Conn.--(BUSINESS WIRE)--Basware, the leading provider of purchase-to-pay solutions,...
Basware, the leading provider of purchase-to-pay solutions, has further expanded its Open Network for e-invoice and purchase message transactions by achieving the significant milestone of 100 partners across the globe. New partners include First Businesspost in Germany; Unified Post in the Netherlands; and Inovis, part...
There's much talk about dynamic discounting and how it can yield significant returns on investment but dynamic discounting is absolutely not the first step in extracting value out of purchase to pay optimization - it is the final step.
Let's go back to basics and remember that P2P is not a core function of an organization. Rather, it supports the core functions such as sourcing and procurement, accounts payable and finance. Purchase to pay develops and installs synergy across the physical and financial supply chain and uses technology to support better ways of working to reduce the cost of doing business with suppliers.
Don't mention the elephant! To a non accountant, the concept of dynamic discounting is compelling. Pay your suppliers early in return for a discount. While interest rates are very low, that's almost always going to give you a better return on your capital than leaving cash...
A solid purchasing process saves money, reduces risk and creates control. What is there to not like about it? But implementing a purchasing process successfully is no walk in the park. Many organizations have been persisting for years without success so we’ve formulated the "Seven...