The Blog - Part 18

Transformational P2P – A new white paper from Purchasing Insight

07 May 2015 Posted by Pete Loughlin in e-Procurement, Purchase to Pay

Despite decades of effort, many businesses struggle to implement Purchase to Pay technologies effectively and the majority of corporate spend remains uncontrolled. It may seem shocking but businesses remain seriously exposed to fraud, lack of competitiveness and supply chain disruption because they cannot put the…

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Deem announces their new “Business Shopping” application – I wish they wouldn’t call it that

05 May 2015 Posted by Pete Loughlin in e-Procurement

It’s being announced at ISM 2015 in Phoenix, Arizona as I write. Deem are unveiling their new “Business Shopping” application. In my view, an enterprise procurement application shouldn’t be referred to as a “Shopping” application. We source and procure. We don’t “Shop”. Or am I…

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Transformational Purchase to Pay – a breakfast briefing in London

14 Apr 2015 Posted by Pete Loughlin in Purchase to Pay

The Ritz in Piccadilly is one of the finest venues in London and on Thursday 23rd April 2015 it will be the setting for the launch of a new white paper from Purchasing Insight. P2P is simple but that doesn’t necessarily mean it’s easy. This…

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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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