The automated optimization of the entire purchase-to-pay process ultimately forms the “supreme discipline” of ensuring sequentially coordinated company activities. Within this the finance department can also play a significant role in bringing about company success. Learn more!Read More
Once invoice receipt, digitization and data acquisition are assured to the same quality and at very attractive unit costs, the next issue in the process can then be addressed. Find out more!Read More
For a large number of affected companies a first, particularly rewarding step for optimizing financial processes is the improvement of the process that governs the receipt of invoices and other documents. Learn more!Read More
Let us consider the most common problems, then illustrate the initial potential for optimization, and provide tips as to how to improve the efficiency of your accounts payable markedly with the minimum of effort and in the shortest of time by improving the invoice receipt processes.Read More
Even though the processes and procedures of financial accounting do not number amongst the main business activities for most companies, they are nevertheless appearing more and more amongst the core areas of interest for internal and external process optimisers. Upon closer inspection the reason for this becomes obvious…Read More
In the on-Boarding process there is work to be conducted in conjunction with the client (like preparation and monitoring, for example) and with the supplier (contact, NetMeetings, and implementation). Here are the main steps of the on-boarding process…Read More
Repository management (Master data) is key to all vendor invoice dematerialisation projects. It is one of the levers of the implementation methodology and it optimizes the overall processing. Hereafter a few key steps…Read More
The dematerialization of the supplier invoice allows companies to optimize and automate their inbound supplier invoice processing (or e-invoicing). It is part of a broader accounting process, the “Purchase to Pay” or “P2P”(as opposed to the process “Order to Cash” – “O2C” for outbound billing or “e-billing”). Thanks to the latest European directives, we are seeing the democratization of electronic invoicing. An approach that makes use of technical solutions that however remains quite complex. This is why, despite the legal pressure, namely the obligation to send electronic invoices to the public sector by 2020 for all businesses, they are struggling to switch to electronic invoices on a large scale.
Companies can reap many benefits from outsourcing vendor invoice dematerialization and from the optimization of its processes. The first benefits are obviously financial, but this varies across organizations.Read More
If the communication campaign is ready and can be rolled out across multiple channels, the approved documents must be made accessible to the appropriate addressees – and if possible via all channels and in every presentation format simultaneously.
Find out why the uniform omni-channel approach more than pays for itself at this point, if not earlier!Read More