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?
What’s it all about? Procure-to-Pay, Purchase-to-Pay, P2P, eProcurement — whatever name you want to give it — is a series of coordinated and integrated activities designed to fulfill the requirement of getting the right goods or services, in an efficient manner at the right price, at right time. You got this, right?
The Determine P2P Starter Kit, Part Two: Taking the mystery out of cloud procure-to-pay. I recently completed a thorough study of myths by examining one of the most scientifically significant examples available — Scooby-Doo and the gang: Fred, Daphne, Velma, and Shaggy. .
Introducing the Determine P2P Starter Kit, Part One: The P2P 101 Guide It is amazing what procurement professionals can accomplish with nothing more than spreadsheets, email and a phone. We can source, manage suppliers, track spend and report savings. In fact, we are so resourceful and so good at cobbling together solutions that we often […]
You’ve heard the phrase “back to basics” countless times. And it’s an incredibly misleading message: That basics somehow equates with “regressing.” Nothing could be further from the truth. Honing your basic skills and knowledge is about improving, moving forward, excelling. Ask any top musician, athlete or craftsperson — basics make you better.