The Blog - Part 32

The EU and the draft directive on e-invoicing – grumpy pedantry this is not

25 Nov 2013 Posted by Ian Burdon in AP Automation, e-invoicing, Electronic Invoicing, EU Commission

A couple of articles ago I mentioned the EU’s draft Directive on eInvoicing. It is a sensible document. However it has some problems which raise important questions. The core problem is that the reasoning in the Explanatory Memorandum to the draft is flawed. This is…

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Anti-social corporate behaviour and the price of poor P2P compliance

22 Nov 2013 Posted by Pete Loughlin in Purchase to Pay

Would you impose purchase to pay policies on people in your organization if those policies, whether followed or not, have no real consequences? Think about it – if someone goes off piste and buys some stationery from a non-preferred supplier and expenses it – a…

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Israel Aerospace Industries (IAI) automates its entire procure-to-pay process

14 Nov 2013 Posted by Pete Loughlin in AP Automation, Purchase to Pay

Israel Aerospace Industries (IAI) has revealed it is now managing its entire procurement and financial activities with its suppliers in a paperless and automated environment. Over 3,000 suppliers exchange over 20,000 documents each month – from RFPs through purchase orders and invoices to payment confirmations –…

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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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