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This is the second part of a two piece article on the touch points between purchasing and finance. You can read part 1 here

Purchase to pay plumbing manual – part 2

Purchasing InsightKnowing your end of the purchase to pay process is all well and good but, if you are at the purchasing end for example, which part of the payment end do you need to be joined up to? Here’s a few more of the purchase to pay touch points that should help get the P2P plumbing in place.

Have you ever installed the plumbing in a large office? Neither have I. And if I did I would hold out much hope of it not springing a leak or two. It's a complicated business and you would think twice about having your corporate plumbing  installed by anyone other than a trained professional. It's a shame that most organisation don't apply the same rigour when it comes to installing P2P processes. It's a useful analogy. Installing only half of the purchase to pay process is like installing half of the plumbing. Turn the water on and it will be like a monsoon. Both ends of P2P need to be joined up - but knowing which purchasing component joins with which payment component isn't always obvious.

It used to be the preserve of the geeks then the teenagers and the silver surfers and finally just about everybody started to embrace social media. And corporations have got on the band wagon too. There's been lots of debate recently about whether twitter or social media generally is an important tool in the business world with many remaining unconvinced of its worth. But despite the scepticism, corporate twitter accounts, facebook pages and company blogs are now becoming firmly established as important marketing and information channels. But this can be  dangerous - very dangerous indeed, because to get things wrong is worse than not doing anything at all.

CUPERTINO, California—April 01, 2011—Apple® today announced the launch of its new augmented reality device, the iPatch. Utilising retina projection display technology, the device projects images directly onto the wearer's retina. The iPatch features an entirely new way of projecting images that allows the wearer to...

We're delighted to welcome Lars Kjærsgaard as one of our first guest bloggers. Lars is an International Sales Manager & Account Manager at EDB Consulting Group in Denmark and has some great insights into successfully moving toward 100% electronic invoicing. In my mind there exist at least 5 methods/ways to either automate or semi-automate invoice entry: