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…
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…
Robotics and eInvoicing – Latest P2P Survey Results
Business confidence has dipped this year in response to a flat economy and continued uncertainty around Brexit. It seems that few organisations have strong contingency plans in place in case of a hard Brexit and some are concerned about the implications for their supply chain. And while access to cash remains difficult, with some organisations…