Procure-to-Pay process: The major impact of indirect purchases

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

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

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

Digital Tools and Disruptive Technology in the Public Sector: Taking Small Steps to Make a Big Difference

When we talk about disruptive technology, many people immediately think of outlandish and extreme changes in workflow and behaviour. However, there are plenty of small changes and simple tools we can use to help make the workplace a smarter, and more streamlined place. Changing the way you work As we welcome Generation Z into the workplace,

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

Is Making Tax Digital for VAT an Accounts Payable Issue?

On the 20th November 2018 ITESOFT hosted a webinar focused on the latest legislative change to impact on Accounts Payable, Making Tax Digital for VAT and asking whether this is an Accounts Payable Issue. “Making Tax Digital for VAT requires VAT registered businesses with taxable turnover above the VAT registration threshold to keep records in digital