Purchasing Insight

Purchase to Pay, Purchasing & Procurement Process, Electronic Invoicing

Research published earlier this year by Basware indicates that costs of e-invoicing to suppliers is one of the dominant reasons for poor adoption of electronic invoicing. A huge 46% of respondents to Basware’s survey said a combination of cost to suppliers and supplier reluctance was the biggest challenges to automation. This is hardly surprising, for years the big e-invoicing networks have loaded the implementation and running costs on the suppliers and it is now limiting further growth. It’s time to take another look at the charges for e-invoicing generally and how it is distributed between buyers and suppliers. continue reading…

Facebook won’t go the way of MySpace – but it won’t be the force it is today forever – the signs are already there. But does that mean that social networking is all hype? What does the future of social networking look like and what relevance will it have for purchasing and finance professionals? continue reading…

OB10 today announced that Centrica, the international integrated energy company and one of the UK’s largest gas and electricity providers, will be adopting OB10’s e-Invoicing solution, joining other leading utilities providers including Severn Trent and Scottish Water. continue reading…

There is a struggle between new and traditional media. No this isn’t 1998 – it’s 2011 and there is still a struggle. The dinosaurs in the purchasing media need to wise up very quickly before it’s too late. continue reading…

I once heard of an investment that was guaranteed to double my money. What wasn’t guaranteed however, was how long it would take to double!

Caveat Emptor

Purchasing Insight logoYou have to be very careful how you interpret claims made by vendors and claims made for the accuracy of a scanning based document management solution process are no exception. If you want to include scanning of invoices as a component of an AP automation program you need to know that you are likely to in excess of 80% 1st time match. But what does 80% accuracy mean? continue reading…

Holistic P2P delivers synergy but you need to take a step back to see how.  By embracing the whole of the end to end process across finance, procurement and the supplier’s organisation, benefits can be unlocked that remain hidden when these elements operate in isolation. Apparently unconnected projects within the purchase to pay spectrum can be joined together to deliver better results. The following examples illustrate the point. continue reading…

The correct steps to take to implement holistic P2P very much depend on the starting point. An immature organisation may have to work hard simple to get to the starting line. Others may already have reached a high level of maturity, but whatever the starting point, it is worth going back to basics and beginning with a high level audit assessing your level of P2P maturity. continue reading…