16 Dec What’s the point of Purchase to Pay? Ask Nipendo
Posted at 15:11h
in AP Automation, e-invoicing, e-Procurement, e-Procurement Software, Electronic Invoicing, Purchase to Pay, Purchase to Pay Process
It’s quite easy to “get” the benefits of e-procurement – electronic catalogues linked to a purchase approval workflow. It’s a no brainer and it was one of the most successful B2B technology of the 1990s as the opportunity was seen to emulate the ease of buying that amazon, Dell and eBay offered. But it was never as straightforward as the B2C equivalent. You don’t need to account for everything you buy on eBay and apply GL codes and cost centres and we don’t need a 3 way match. That’s why Amazon is easy. (How many times have you heard someone in business complain about their ERP purchasing module asking why it can’t be like Amazon?)
And what about e-invoicing? That seems like a compelling proposition until you try to automate Accounts Payable in an environment where the purchasing process is out of control.