Pass to or Pass Through: A Key Distinction for True E-Invoicing (Part 1)
Accounts payable organizations committed to operational excellence are moving from paper to electronic invoicing. The objective is to drive touchless processing rates as close to 100% as they can get....
View ArticlePass to or Pass Through: A Key Distinction for True E-Invoicing (Part 2)
In my first post on this topic, I discussed the importance of invoice validation and matching for driving up touchless processing rates. Here, we will probe a bit more into what this really means, and...
View ArticlePass to or Pass Through: A Key Distinction for True E-Invoicing (Part 3)
In my first two posts of this series, we learned about the dramatic impact that true invoice validation and matching can have on invoice processing. In this last post, we’ll examine the roles of...
View ArticleConnecting the Ps in P2P – Highlights from the Boston Ariba Commerce Summit
When given the opportunity to present to a room full of Procurement practitioners, what should one talk about? Sourcing strategies? Supplier risk? Contracts, POs, and punchout catalogs? Nah, too...
View ArticleNever Say “Net Never”
Our guest contributor, John Evarts, is the CFO & COO of Mediafly, a technology company providing cloud-based, mixed media delivery solutions to a diverse range of mobile & smart devices. I have...
View ArticleThe Invoice Has Arrived. Now What?
Three Steps to Improve Invoice Processing in a Networked Economy Welcome to the first post in my weekly column on managing the invoice process. To begin this journey, I want to discuss the processing...
View ArticleGetting to 100 Percent Electronic Invoices in 100 Days
Last week, I talked about how accounts payable could elevate its status by embracing the networked economy—shifting its focus from paying the bills to managing cash. Invoice management is the business...
View ArticleInvoice Matching and Validation: Keys to Compliance and Touchless Processing
A networked enterprise knows that the invoices it receives are from the right supplier, at the right price, and within budget. Can you say that? If you are in accounts payable, you might respond,...
View ArticleDynamic Discounting: Valuable Settlement Tool for the Networked Economy
In my previous two posts, I discussed the value of combining smart scanning with invoice automation, and examined how smart invoicing improves compliance to your policies, preferred suppliers, and...
View ArticleClik here to view.
The Path to Touchless Invoice Processing
What path will you take to automate your invoice process? The answer to that question depends upon several variables, including what steps you may have already taken to improve upon the manual...
View ArticleGetting Supplier Support for Your e-Invoicing Initiative
In my previous posts, I’ve discussed the many advantages of e-invoicing over paper invoicing, and the technology behind it. However, technology alone will not drive the desired transformation of your...
View ArticleCool Tools for Supplier Enablement
Enabling suppliers for electronic invoicing involves several steps. To begin, you’ll need to communicate your interest in moving targeted suppliers to an electronic process and then direct them to set...
View ArticleDoes ‘Equal Treatment’ for Invoices Suggest that All Invoices are NOT created...
The essential aspect of the new EU E-invoicing directive, EU Council Directive 2010/45/EU, is that paper and electronic invoices must be treated equally by all EU Member States no later than January 1,...
View ArticleDetectives, Accident Insurance Agents & Accounts Payable Professionals: The...
In a webinar early this year, Accounts Payable consultant Judy Bicking likened the plight of accounts payable professionals to the work of detectives and accident insurance agents. These professionals...
View ArticleBusiness Networks: A Win-Win Proposition
In my previous post I talked about the benefits that buying organizations who have embraced the networked business model are reaping – lower costs, higher sales and profit margins and increased market...
View ArticleWhat Do You Want Your AP Department to Become?
Happy New Year! For many people and organizations, the new year can be a time for change, driven by a commitment to improving the way we do things. In accounts payable, the drive to continuous...
View ArticleMaking the Network Economy Rock
The technology underlying the network economy is everywhere, even infiltrating the world of rock and roll. Rock musicians of all types and age groups are embracing it. They range from newer bands such...
View ArticleTurn on the Power in Finance/AP Shared Service
Over the past year, we’ve seen some world-class power outages. Last summer, an estimated 600 million people were affected by a power outage in India. And in early February, the world watched as a power...
View ArticleTurn on the Power in Finance/AP Shared Service Part Two
Business networks have become the Net 2.0 solution for commerce collaboration challenges. Business networks connect your existing back-office systems to all your suppliers regardless of their size,...
View ArticleThe Focus in Accounts Payable: Silo or Synergy?
On a February 12 webinar produced by the Institute of Finance & Management (IOFM), more than 100 AP professionals heard how Maxim Healthcare Services was improving alignment between accounts...
View Article
