Fraud has become a real threat in the P2P process: according to the DFCG 2020 – Euler Hermes study, 1 out of 3 companies suffered more than 5 fraud attempts in 2019 and in 56% of the cases of fraud observed, it is the document (invoice, BIC, etc…) that is implicated. Therefore, making a success…
The economic crisis is driving finance departments to seek productivity gains like never before. In today’s context, the Procure-to-Pay process represents one of the main sources for improving efficiency. Digitalising the process allows to reduce costs and processing times by 6 or more, compared to a manual process… But these performances are only provided by the best!…
Like 60% ¹ of finance decision-makers, you are convinced of the importance of digitising the Procure-to-Pay (P2P) process. Productivity, auditability, traceability, risk management, resilience… the benefits are many. The question is no longer if, but “how”? If you do not want to “just” digitise, but also want to reach the level of the best-in-class, the…
Having been involved for many years in the field of electronic invoicing, ITESOFT have taken a step forward with the new edition of its Procure-to-Pay offer which notably inciludes several new turnkey connectors making it possible to manage more invoice formats from more national regulators ITESOFT announce the availability of the new edition of…
10% savings on indirect purchases can produce up to 50% increase in sales benefits Faced with this observation, indirect purchases which until now having been considered to be the “poor child” of purchasing, are undergoing a real transformation: 76% of the companies questioned have an Indirect Purchasing Department and 57% manage them differently when compared…
Out of 15,625 reports of UK companies’ payment practices, 5,439 companies reported that they were paying their invoices within 30 days. That means 65% of companies that have reported their payment practices are taking longer than 30 days to pay suppliers upon receipt of an invoice. Why is this? It could be due to a…