Purchasing Insight

Purchase to Pay, Purchasing & Procurement Process, Electronic Invoicing

It’s some time since I heard anyone claim that a pdf invoice was an electronic invoice – but people used to. Fundamentally missing the point of “e-anything” it seemed, some organisations would claim to be embracing the 21st century by replacing paper with pdfs. Fantastic! Well it would be if they didn’t print the soft copies in order to process them. This is not a joke. Even today, in 2011, I know of a bank – a global bank – that does just this. It’s pathetic! continue reading…

State of Flux, the London based procurement and supply chain consultancy, has launched their 2011 global SRM survey.  This year’s survey focuses on the current state of SRM practices, the value they deliver, and the much talked about (but little researched) theme of “customer of choice”. continue reading…

Readsoft and OB10 have announced a new global partnerships – aimed it seems at delivering the synergy that the two organisation can deliver around e-invoicing and AP automation.

The press release states that the two companies have developed a “comprehensive, end-to-end business process solution that will integrate seamlessly with SAP, Oracle and other leading financial and ERP systems using the ReadSoft INVOICE COCKPIT Suite as a universal invoice hub to control all invoice processing irrespective of document format.” continue reading…

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. continue reading…

There’s been a good debate on linkedin over the past few days full of insightful and educated opinions on every side of the e-invoicing discussion.

It was started by Christian Lanng from Tradeshift asking what free really means but it spawned into a wide debate about e-invoicing generally and the relative merits of PDF, EDI, XML and of course, scanning which some of the the purists believe, is not the answer to the “e-invoicing problem” because it requires manual intervention. continue reading…

Do you know anyone that fits this description? Male, 36 to 45 years old, works in the finance function or in a finance-related role in a senior management or board position and employed by their company for more than 10 years? Yes? Well according to a survey just published by KPMG, they’re amongst the most likely to be committing fraud. continue reading…

Taulia, Inc., the leading cloud-based dynamic discounting solution provider for SAP®, today announced that it has acquired billFLO.  billFLO helps small businesses monitor cash flow and identify liquidity gaps by automating the accounts payable, accounts receivable and expense reporting processes.  The combined company turns the conflicting cash flow needs of large buying organizations and their smaller suppliers into a win-win with its cloud-based financial supply chain solution. continue reading…