Inundated with supplier phone calls? Receiving multiples of the same invoice? Invoices being sent into different locations?
Suppliers failing to include all the necessary information? Struggling to validate supplier data change requests?
Data is vital to business. Quality capture decides the success of every other step in automation.
The more you capture & the better the quality, the better the outcome…
Digitise and automate a process as critical as that of Procure-to-Pay: Much more than just a good resolution, it is a desire affirmed and shared by more than 50% of Finance decision makers.
The digitalisation of P2P is a priority for CFOs in 2020.
The processing of supplier invoices (Procure-to-Pay) is complex, highly regulated, all too often manual and a significant source of cost, disputes and risks for companies.
While the processing of supplier invoices (Procure-to-Pay) is a highly regulated, complex, and a significant source of costs and risks for companies, it also represents a key element in the productivity and performance of finance departments.
Starting 2021… New regulations, e-invoicing, Brexit, fraud, post-Covid… what to expect in 2021?
Learn why digitalising your P2P is the priority for 2021, the key elements to carry out a successful digitalisation project.
March 2, 2021 11:00 am
Did you know that while indirect purchases only represent 5% of total expenses, they are responsible for 70% of the hidden costs?
Having such an impact on your finance and accounting processes, digitising indirect purchases can no longer be ignored.
“With effect from 1 April 2019, if your taxable turnover is above the VAT registration threshold you must follow the rules set out in this notice.”
RPA, AI and The Cloud have been the buzzwords for the last few years, with organisations spending time and money exploring the undoubted benefits of these technological breakthroughs.
When you have spent time researching Financial Process Automation, the chances are that you will have accumulated a vast amount of new knowledge, understanding of technology and technology jargon and have probably started to define in your mind what could work for your business.
As of April 2017, large UK companies had to start reporting on their payment practices. Nick Dunnett, Managing Director of ITESOFT UK, discusses whether this has been detrimental or otherwise.