e-Procurement
28 Jun e-procurement in Europe – why PEPPOL cannot address the fundamental economic realities
In my recent article, “e-wheels on my Wagon” I explained why I think PEPPOL is a decade behind the curve. Actually, I want to go further than that and explain why PEPPOL fails to address one of its primary targets – stimulating cross-border trade, particularly by and for SMEs. e-wheels on the wrong wagon in fact.26 Jun e-wheels on my wagon – why the e-procurement debate is at least ten years behind the curve
At the recent PEPPOL conference in Rome I tweeted, in a fit of mischief and ennui, that the discussion seemed to me to be at least 10 years behind the curve. All it needed was a blinding flash of light and Michael J Fox climbing out of a DeLorean to prove that we really were going back to the future.26 Jun e-procurement solutions are only as good as the savings they deliver
The business community, including the analysts and commentators, have for a long time been obsessed with two things about e-procurement solution vendors, both of which are irrelevant. The first is functionality – the second is share price. No wonder e-procurement doesn't work.22 Jun Functionality fetishism
There's a Venn diagram on which I sit near Jason Busch. Many of our views, some of our backgrounds and parts of experience overlap. But it's not an exact match and the difference is illustrated by Jason’s piece commenting on my view that many, if not most e-procurement implementations are “half assed”.21 Jun e-procurement – something else that can ruin your eyesight
Finance people and purchasing people look at the world through different lenses. The world appears completely different to each of them. For a purchasing person, spending too much time working amongst finance people is like borrowing someone else’s spectacles. It will ruin your eyesight!19 Jun Despite all the progress, why are prompt payments so rare?
Posted at 13:06h
in AP Automation, Dynamic Discounting, e-invoicing, e-Procurement, Purchase to Pay, Purchase to Pay Process
How can a banjo frailing ballad singer in Appalachia operate a more modern business model than a government department?
Imagine that I am a finance director in the UK with personal tastes which run to “roots” music. Even for relatively obscure artists in any genre and any country, I will probably be able to find a website either for them or a distributor and buy their music directly as a cd or as a download. I will pay with my credit or debit card and get my cd a week later or my download almost immediately. The artist will get paid relatively quickly and pay a merchants fee which they will have factored into their original pricing.
What I will not do is raise a requisition for the cd, have it approved and then issued to the artist, create and issue a goods received note when the item is delivered and approved, match the ensuing (paper) invoice against the receipt and the order and then promise the artist that I’ll instruct my bank to pay them 30 days thereafter.
Yet, when I go into work the next morning, guess which process I will insist that my organisation uses?