Author: Pete Loughlin

OB10 today announced that Centrica, the international integrated energy company and one of the UK’s largest gas and electricity providers, will be adopting OB10’s e-Invoicing solution, joining other leading utilities providers including Severn Trent and Scottish Water.

I once heard of an investment that was guaranteed to double my money. What wasn’t guaranteed however, was how long it would take to double!

Caveat Emptor

Purchasing Insight logoYou have to be very careful how you interpret claims made by vendors and claims made for the accuracy of a scanning based document management solution process are no exception. If you want to include scanning of invoices as a component of an AP automation program you need to know that you are likely to in excess of 80% 1st time match. But what does 80% accuracy mean?

Holistic P2P delivers synergy but you need to take a step back to see how.  By embracing the whole of the end to end process across finance, procurement and the supplier’s organisation, benefits can be unlocked that remain hidden when these elements operate in isolation. Apparently unconnected projects within the purchase to pay spectrum can be joined together to deliver better results. The following examples illustrate the point.

The correct steps to take to implement holistic P2P very much depend on the starting point. An immature organisation may have to work hard simple to get to the starting line. Others may already have reached a high level of maturity, but whatever the starting point, it is worth going back to basics and beginning with a high level audit assessing your level of P2P maturity.