The Blog - Part 32

Supplier side benefits of e-invoicing

14 Nov 2013 Posted by Pete Loughlin in e-invoicing, Electronic Invoicing

For years the growth in the use of electronic invoicing was hampered by a very simple fact. There was nothing in it for suppliers. Think about it. A supplier wants to be paid and needs to send an invoice. Whether that’s a paper invoice in…

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Purchase to Pay – getting the messaging right

13 Nov 2013 Posted by Pete Loughlin in Purchase to Pay, Purchase to Pay Process

The purchase to pay police aren’t naturally an attractive bunch of people. Like auditors, they only bring ugly messages about compliance and process. And they don’t make their lives easier by tarnishing further their image by moaning about their lot. So how do you get…

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Electronic invoicing in Europe – the countdown has begun

08 Nov 2013 Posted by Pete Loughlin in AP Automation, e-invoicing, Electronic Invoicing, EU Commission

A few weeks ago, somebody asked me why supply chain finance had suddenly burst into life – especially in the UK – with a new breed of SCF providers appearing at the same time?. Why is it that in the space of a few months…

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The Only Way is Ethics

07 Nov 2013 Posted by Ian Burdon in Global Sourcing, P2P Europe, Procurement Process, Public Sector Procurement

On 8 October 2013 the Aswad Composite Mills factory, in Gazipur, outside Dhaka in Bangladesh burnt down. Seven workers were killed and a further fifty were injured in the fire. As newspaper reports state, the fire came soon after eleven hundred workers had been killed…

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When is prompt payment not prompt payment

06 Nov 2013 Posted by Pete Loughlin in Prompt Payments

There’s a particular moral standard that simply doesn’t stack up in my view. It’s the standard that claims that if it’s legal, it’s OK. If it’s within the rules, it’s fair. We see it all the time. Employees who feel they are unfairly treated are…

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Strangely Strange but Oddly Normal

31 Oct 2013 Posted by Ian Burdon in P2P Europe, Procurement Best Practices, Public Sector Procurement

I have been reading the draft of the new Procurement Directive. I had previously dipped into it but have now read all 360-odd pages in sequence. There is a lot in the draft Directive of value, particularly about sustainability, but I found myself musing on…

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Procurement related fraud increases by more than 50%

28 Oct 2013 Posted by Pete Loughlin in Procurement Best Practices, Procurement Process, Purchase to Pay, Purchase to Pay Process

It’s astonishing! At a time when we have Sarbanes Oxley and a culture of control, in the climate of transparency and scrutiny and a fetishistic focus on finance – how is it that fraudsters have been able to get away with a more than 50%…

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