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…
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 keeping…
Artificial Intelligence: A Modern Approach to Combat Fraud
Preventing fraud has never been an easy task… perhaps Artificial Intelligence (AI) is a modern approach to overcoming this age old problem. Not just for organisations but for individuals the possibilities are pretty incredible. We’ve all heard about AI and the wonders that the likes of Google and Tesla are creating with it. In the…
How Do You Define Invoice Automation Success?
How can you define invoice automation success when your are just starting to explore your options? Start with a list. Try this one. Document your as-is. Document your to-be. Engage stakeholders. Communicate clearly and regularly. Measure regularly. Fail fast. It may come as no surprise… to define invoice automation success, you need to decide what…