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…
It seems that a culture has emerged of “If AP ain’t broke, don’t fix it”. This is not specific to any level of a business, generation, or gender. Instead this idea seems to be reinforced by professionals who can’t see the benefits to automating accounts payable, when compared to a completely manual process. Whilst keeping…
We all know that knowledge is power, what we don’t know is how to acquire said knowledge. It’s easy to implement an automated solution to complete a process, but how can you maximise the benefits from your solution if you don’t gain any knowledge or experience from it? In the days of cloud technology, sharing…
Everywhere you look in today’s business environment you will find two words ‘Digital Transformation’. Going digital is the primary route to keeping pace with demands on all aspects of individuals and organisations. These two words which can, do, and in some instances have placed a measure of fear in many of us, will continue to…