The evidence has been accumulating for decades that electronic invoicing, or e-invoicing, saves users considerable time and money. Respondents to a global study by The Institute of Financial Operations found that 56% of businesses using e-invoicing spent considerably less money processing invoices than those businesses using manual systems. So why isn’t every business using it today?
“The transformation of the finance function into a catalyst for growth starts with CFOs having more influence in areas that have broader consequences for the business.” — Institute of Finance & Management (IOFM) Procure-to-pay (P2P) technologies are often most closely associated with the first P in their name: procure. At the same time, the efficiency […]
Being SupplierCentric: A look back at a month of resources. Approaching supplier relationships the same way as customer relationships is the easiest path to building trust and long-term shared value. Constant communication, a focus on process automation and transparency are all key to getting your supplier relationships to a place where they can do your […]
All risk requires an enterprise-wide perspective. It is consistently amazing how the conversation about a broad topic like risk is dependent on the individuals involved, and more often than not will generally be focused on specific aspects like contract management, for instance. In fact, digging deeper into the subject with colleagues and customers, it’s surprising […]
By Tom Rogers. A version of this blog was published on Vendor Centric. Every company knows that auditing third-party financial statements is an important piece of their due diligence. Financial statements are an endlessly valuable fact finding resource. After all, numbers don’t lie. In many instances, however, reviewers are uncertain what exactly it is they’re […]