AP Automation: How Much Could You Really Save?

Are you struggling to get your senior management or CFO on board with AP automation? Perhaps this is because you are focusing too much on what the AP automation solution will do, or alleviate, and not enough on how much money will be saved and when. The thing with AP Automation is that the earlier

Fourth Industrial Revolution and Finance

What were the other Industrial Revolutions? The First Industrial revolution took place between the 18th and 19th century. The development of factory systems, machine tools, and steam power, really driving the textile Industry and with it creating Great Britain as the world’s leading commercial nation. The technological revolution or also known as Second Industrial Revolution

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, sharing

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 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

Accounts Payable Automation – The First Step to Automating an Organisation

Digitalisation of a business; start simple, start with Accounts Payable automation. When companies decide to embark on projects designed to automate their processes, the advice is often to start with something simple. This has numerous benefits, from ensuring your project generates a return on investment, to establishing how your staff deal with major change. Accounts

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

What Are The Most Likely Industry 4.0 Trends of 2019?

During 2018 the news was awash with stories of Industry 4.0 trends. So what can we expect in 2019? Well, I imagine probably more of the same, if truth be told. IoT, 5G, Digitalisation, Smart & Wearable Tech, RPA and Robotics are all likely to claim vast amounts of column space throughout 2019. IoT The

Understanding the True Cost of Your AP Process (Infographic)

Understanding the true cost of your AP process is an important step towards gaining any benefit from your department. How can you submit a business plan for your process improvement project before understanding the true cost of your AP process? It is also important to understand how other companies are performing so you can gauge