Finance as a Function: Moving From A Reactive To A Proactive Strategy
As we find ourselves working in more agile ways, it becomes necessary to re-examine our finance function as part of the overall need to change the way we work. Traditional financial forecasting, planning and reporting no longer fulfils the needs of the modern workplace. We now need to find ways to proactively manage our financial…
Risks Associated With Accounts Payable
Have you looked at a couple of key areas where fraud can be a risk, payment processing issues, and how to resolve these problems? It is time to gain from insights into how to avoid some of the associated risks when processing invoices and capitalise on the advantages of financial automation. Two types of fraud…
PPN P2P Transformation Summit 2019
PPN P2P Transformation Summit ITESOFT were delighted to have been invited to attend the PPN P2P Transformation Summit 2019 for the fifth year in a row, and I thoroughly enjoyed it! For me, this was my first time at the event, and what an event it was! Taking place at the Hurlingham Club in Fulham…
What Does Digital Transformation In Shared Services Really Mean?
It may be the hot phrase of 2019 for shared services…but what does digital transformation really mean for shared services? The key word here is transformation. Digital transformation is not the same as more automation. It’s about re-imagining your processes and transforming your operations – putting technology at the core of your service. Uber, for…
Digital Transformation in Shared Services – The Impact on the Workforce
Shared services have changed a lot in the last 10-15 years. The adoption of electronic invoicing, smartphones, cloud-based Software-as-a-Service, RPA and artificial intelligence have kept us in a constant state of evolution. But what impact is this having on the workforce? And what can you do to start preparing for the next 10-15 years? Sharedserviceslink…
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 a…
The Fastest Way to Streamline Your Accounts Payable Process
Much like Joe Wicks’ Lean in 15 recipes and work outs are dedicated to being short and sweet, Cloud technology and Software as a Service (SaaS) allows a quick implementation with immense benefits when used for accounts payable automation. Giving you the fastest way to streamline your accounts payable process. If you’re trying to reach…
Environmental Cost Of Paper Based Invoice Processing
We live in a world that is changing. The global focus on reducing our environmental impact is growing. The key question in this blog though is, what is the environmental cost of paper based invoice processing? Most organisations will have an understanding of the cost of processing an invoice once they have received it. Some…
Exploring the Environmental Impact of Paper-led Processes
Since Greta Thunberg burst onto the scene, pleading with politicians and the public to take climate change seriously, environmental concern has been front and centre of almost every news channel and front page across the country. Businesses often prioritise the bottom line over other concerns, but, as responsible citizens,it’s important that we consider how the…