AP Automation
08 Oct Why P2P & why now?
Posted at 16:45h
in AP Automation, e-invoicing, e-Procurement, Electronic Invoicing, Purchase to Pay
This week I had the pleasure to support a seminar session run by Canon promoting their P2P offering. This is the transcript of my presentation
P2P has always been important - important in the sense that it has always been important to ensure that the correct approval is given before something is bought. It’s important in the sense that it has always been important to ensure that suppliers are paid according to contractual terms - and important in the sense that it’s important to ensure that the details on an invoice sent by a supplier match what was asked for and what was delivered.
But P2P has taken on a greater importance in recent years and there are three things that have put P2P in the spotlight
- Visibility
- Accountability
- Automation
03 Sep The business case for OCR and why it doesn’t stack up for invoices
This is how the thought process goes for AP automation: "Electronic invoicing could save us lots of time. We could automate accounts payable." "Wait - this could be to be complicated. We'd need a project manager and an expert. We may have to buy in some software or work with a third party. Actually this stuff doesn't come free. It could cost a fortune." "$1 per invoice must be cheaper than the cost of a paper and manual process but at 1 million invoices per year, we'll never justify that. Let's make an incremental step toward automation. We can scan our invoices and handle them digitally." Yeah, right!02 Jun Nipendo Named a “Cool Vendor” by Gartner
I have a great deal of respect for Gartner and pay close attention to their insights and futurology. Despite that, I get a great sense of satisfaction on the occasions when I see what’s what before them. It’s not news to me that Nipendo are cool but it’s great to see their coolness recognized by a firm as august as Gartner. Nipendo have been named as a "Cool Vendor" in Gartner’s new report “Cool Vendors in Integration, 2014” by Keith Guttridge, Massimo Pezzini, Paolo Malinverno & Jess Thompson. It means that, in the authors’ opinion, Nipendo are “Innovative, Impactful and Intriguing”.01 May UK Government confirms its commitment to e-invoicing
Posted at 10:28h
in AP Automation, e-invoicing, Electronic Invoicing, Financial Supply Chain Management, Supply Chain Finance
It was announced yesterday that the UK Government will be fully supporting the introduction of electronic invoicing in public sector. Speaking at the launch of a Parliamentary Report: 'Electronic Invoicing - the next steps towards digital government', Francis Maude, the Minister for the Cabinet Office, expressed with enthusiasm his commitment to see the use of e-invoicing as part of the UK’s ‘Digital by Default’ agenda.
The venue for the launch of the keenly anticipated report was the Strangers Dining Room in the Palace of Westminster, London. I was amongst a group of about 50 people, experts in electronic invoicing from both public and private sector, who listened with some excitement to the strongest endorsement yet by a UK Government Minister of a policy to see payables processes in public sector automated in order to liberate, an estimated £2 billion per year. And despite the wealth of expertise in the room, we all would have struggled to articulate the opportunities with greater clarity than Francis Maude.
25 Apr Seeing is believing – a series of interviews with Nipendo customers
A few weeks ago I visited Israel to meet some of Nipendo's customers. Nipendo are attracting quite a bit of attention from the analysts because of the success they've had in their home country and now that they're making progress in North America and Europe it's important to see their solutions in action to see what all the fuss is about. It was a fascinating trip. Meeting end users and seeing the solutions in action was a real eye opener. Each client was able to share something unique about the transformation that their business had seen through the implementation of Nipendo and collectively they provide an insight into what makes Nipendo worth some serious consideration.09 Apr Supply chain finance facility that leverages real time invoice validation
Posted at 12:48h
in AP Automation, e-invoicing, Electronic Invoicing, Financial Supply Chain Management, Purchase to Pay, Supply Chain Finance
I've become a fan of Nipendo. Nipendo offers, in many respects, what I see as the next evolutionary stage in Purchase to Pay. Rather than simply offering clever means to automate the traditional steps in the purchasing process through things like e-procurement and e-invoicing, they offer what I think of as 'Packaged P2P'. When I visited some of their customers recently I spent time with Eyal Rosenberg, their CEO and we spent quite a bit of that time discussing how the Nipendo platform could be leveraged to offer supply chain finance. And now they've done it and the press release that accompanies their new partnership with Integrate Financial explains the synergy.