The Blog - Part 18

Purchase to Pay is simple – so why is it so difficult?

07 Apr 2015 Posted by Pete Loughlin in Procurement Best Practices, Purchase to Pay

P2P is simple but that doesn’t necessarily mean it’s easy. This is evident when you see the extent to which many businesses have failed to implement purchase to pay technologies effectively. I see it all the time but only last month, Hackett – authorities on…

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Hackett’s 2015 Procurement Key Issues

06 Apr 2015 Posted by Pete Loughlin in e-invoicing, e-Procurement, e-Procurement Software, Electronic Invoicing

Last month, Hackett, the authority on P2P, published their 2015 Key Issues study, an annual review of the priorities facing procurement organisations. The headline results go like this: Procurement leaders are planning to focus their transformation efforts in three areas this year to achieve the…

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The macro economic impact of prompt payment

16 Mar 2015 Posted by Pete Loughlin in Dynamic Discounting, Financial Supply Chain Management, Prompt Payments, Supply Chain Finance

If it was possible to inject, at no cost to the tax-payer – not million or billions – but trillions of dollars into the economy, should it be done? It’s not a rhetorical question although the answer does seem obvious – of course it should…

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Supplier Portal Success Requires Broad Adoption

10 Mar 2015 Posted by Pete Loughlin in Supplier Portal

A survey of finance professionals in large enterprises executed jointly by PaymentWorks and sharedserviceslink reports a direct correlation of satisfaction with supplier portals and the rate of supplier adoption. The survey was conducted with finance and shared services professionals and identified three important trends: There…

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Everything you wanted to know about supply chain finance but were afraid to ask

05 Mar 2015 Posted by Pete Loughlin in Purchasing Card, Supply Chain Finance

You know when something sounds too good to be true, it probably is. Like you know when politicians are lying – their lips move. Experienced buyers know to read between the lines – much more important than what is said in a sales pitch is…

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The perceptions and fallacies of OCR and e-invoicing

10 Feb 2015 Posted by Pete Loughlin in AP Automation, e-invoicing

Perception is reality right? In terms of how people make decisions and form opinions, yes, perception is reality. And that’s why it is important to question what is perceived to be the truth – because getting it wrong could cost you dearly. Here are just…

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Some things get better with age – invoices don’t

04 Feb 2015 Posted by Pete Loughlin in Financial Supply Chain Management, Purchase to Pay, Supply Chain Finance

A number of years ago I visited a Champagne House in Reims, France. I asked our tour guide for advice on buying a bottle of Champagne that I could keep aside for a special event in 25 years time. “Do you have a cave?” he…

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