Want your Invoices Paid within 30 days? Try 1.2

  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

If AP Ain’t Broke, Don’t Fix It… Or Should We?

  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

Knowledge is Power for P2P

  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,

The P2P Business Case – Successful Implementation

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

Seven Predictions for Finance and Procurement in 2019

In a challenging geopolitical landscape, where long held assumptions around the fundamental principles of world economics are being questioned, many organisations are looking to new ways of thinking and technology to protect them against risks and take advantage of any opportunities. This year will see ongoing changes in several different areas: Let’s Get Connected It

The Digitalisation of the Procure-to-Pay Process: More Than a Financial ROI

According to the Institute of Finance & Management (IOFM), 53% of accounts payable managers believe that a Procure-to-Pay process improvement initiative should be initiated by their financial departments. Faced with an increasingly competitive market, this investment addresses productivity challenges and operational performance, the importance of which continues to grow each year. The digitalisation of processes, in