Purchasing Insight

Purchase to Pay, Purchasing & Procurement Process, Electronic Invoicing

A leading global investment fund management company that manages billions of dollars worth of clients’ funds has chosen to automate its invoice processing with ReadSoft. The invoice automation deal is worth 312,000 USD and was signed during the second quarter of 2011. continue reading…

Basware is looking in good shape according the their H1 2011 interim report and Q2 earnings, just released and it seems to be in an acquisitive mood. Their numbers show continued consistent growth in financial results with a net sales growth of 7.2% to EUR 53 million compared to H1 last year. continue reading…

You get social media – I can tell because you’re using it now. And for those professional people who still don’t get it, they need to catch up soon. Now that Google has entered the fray with Google+, even the die hard cynics are going to realize it’s importance. But knowing it’s important doesn’t mean you understand it and not understanding social media in the corporate world can lead to anything from embarrassment to disaster.

So what are the worst mistakes you can make with corporate social media? We’ve compiled a short list based on real mistakes that real corporates are making today. continue reading…

It was good fun last week to do an interview with Matthew Garrow-Fisher on SSL radio last week all about the e-invoicing business case. continue reading…

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…