It's standard business practice. Chase customers for payment as soon as possible and pay your suppliers as late as possible. Cash is king and in some industries - retail being a prime example - cash flow is the pivot of profitability that can make the...
I'm reading Jason Busch's series on P2P in Spend Matters and the differences between the US and Europe. It's an interesting thread and a topic that I've taken a close interest in.
The European Perspective
Historically the pattern has been that something gets invented or dreamed up ...
Mathematics is fascinating, not simply because of its mystery - detailed understanding of modern mathematics is beyond most of us - but also because of the amazing theoretical journey that mathematicians go on to reach practical destinations. So called “imaginary” numbers had been described in...
In a previous article we argued that electronic invoices were dead and that electronic invoicing would thrive. It not an especially original paradox that addresses an emerging issue: what exactly is an electronic invoice?
Electronic Invoicing
Because scanning, OCR and data capture technologies have evolved and developed...
The case for electronic invoicing is compelling – why would an organization that has invests millions – sometimes tens of millions – of dollars on a finance system want to operate a paper based process in the 21st century? But it’s not as easy as that – especially for global organizations. The wide variety of legislation around the globe creates a Tower of Babel for those attempting to implement electronic invoicing on a large scale. But the situation is beginning to evolve in a very positive way – and absolutely not in a way I would have predicted a few years ago. The electronic invoice is about to die on its feet leaving the door wide open for the new pretender to the AP automation throne – the new electronic invoice.
Press Release from iPayables
iPayables released InvoiceWorks version 8.441 August 10, 2010. The upgraded version includes new functionality and upgrades to the InvoiceWorks product. The three most notable enhancements are around: Managed Security, Mass Downloads and CASS Address Verification.
Managed Security – While...
At a time when wise use of resources, both from a commercial point of view and an environmental point of view, is seen as a priority, Purchase to Pay stands proud having had an environmentally friendly heart even before the green band wagon rolled into town. And that’s why I discard my cynicism when I see OB10 launching its Green program.