Purchase to Pay

Purchasing Insight is delighted to offer "P2P for Finance People" free to subscribers of Purchasing Insight Extras. Perhaps the biggest frustration that any organization experiences when optimizing purchase to pay processes is getting a truly holistic view across procurement and finance. And it's hardly surprising. Accountants no more understand what purchasing people do than purchasing people understand finance. It's not a criticism. Why should they? But for Purchase to Pay to be really effective the gap between the two functions needs to be spanned.

One of the leading financial and business advisers, Grant Thornton Sweden, has deployed an invoice processing solution from enterprise purchase-to-pay specialist Palette as the backbone of its internal and hosted electronic invoice management (EIM) service. Grant Thornton Sweden is one of the leading financial and business advisers, providing services in Sweden and internationally. Currently processing around 30,000 invoices per month for over 300 customers both in Sweden and internationally, Grant Thornton’s EIM service improves the efficiency of customers’ accounts payable, as well as optimising the company’s own internal invoice management system.