Companies across the globe are missing out on the opportunity to make huge financial savings by introducing efficiencies in accounts payable. There’s nothing new in that. But it’s not just the opportunity to save cash by using P2P efficiencies that is being missed. Current practices...
Purchase to pay, often abbreviated to P2P, refers to the business processes that cover activities of requesting (requisitioning), purchasing, receiving, paying for and accounting for goods and services. Purchase to Pay is synonomous with other terms such as "Req to Check" and "Procure to Pay"...
Peter Smith in Spend Matters recently wrote about his naivety as a young purchasing manager thinking that corruption always happened somewhere else. Well, as he writes, it doesn't and as Peter points out in a few examples, it is not just in far flung places...
Purchase to Pay solutions will help drag businesses out of recession The news that OB10 have reported growth despite the global recession should not come as a surprise. The economic downturn was a massive blow to many industries – far worse than they’d care to admit in...
The disastrous economic climate means that most organisations are looking at their costs even more closely than normal and it is the so called "discretionary" spend that is coming into a very clear focus. When times are tough and the immediate future is uncertain, it's...