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

AP Automation FAQs

Another set of AP Automation FAQs with a difference. We felt it was time to highlight a few more of your AP automation FAQs. Again, with our honest answers… FAQ 1: Do we have to use ITESOFTs analytics? No. This is an optional extra. If your business already owns business intelligence software it rarely makes

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

5 Reasons You Need A Digitalisation Strategy

A digitalisation strategy seems more important than ever. What exactly is a digitalisation strategy? Put simply digitalisation is the application of technologies to aid in new, and existing, processes. A strategy to do so, would include an understanding of what can be improved, how to improve it, what can be used to improve it, and