The European Spreadsheet Risk Interest Group (EUSPRIG) (no, really!) maintains a list of spreadsheet horror stories and when you have plenty of time on your hands you might like to browse through their extensive list of corporate fails.
I’m always delighted when a company says “send me the invoice”. It’s a good measure of success for both parties. But my delight turned to horror recently when I was told “Oh yes, you can email the invoice if you want, but you must also post one to the finance address.
Punch out is the ability for a buyer to select and order goods from a supplier’s online catalogue from within the iPOS purchasing system.
I’ve blogged previously about my recent day at the ICCA in Sydney. One section focussed closely on process excellence, a topic close to my heart. Process is a key element of achieving the company objectives.
I have been involved in many procurement projects and heard many different methods of mastering spend control. The best advice I have always remembered and still find relevant is to consider the procurement puzzle as having six pieces.
Recently Professional Advantage ran a survey of 25,000 iPOS procurement users worldwide. The survey posed the question “If your organisation had an objective to decrease the accounts payable (AP) effort by x days per month, what would you target to achieve this objective?”
I spent a fascinating day at the Institute of Chartered Accountants Australia in the “Applied Corporate Strategy for Finance Professionals” training workshop. The concepts of Lean vs SixSigma vs Constraints Theory were touched on around cost management in a business.
Last week I had the privilege of spending a day at the Institute of Chartered Accountants of Australia. John Cleary (Blue Chip Consulting) ran an excellent session on “Applied Corporate Strategy for the Finance Professional”. It was a day jam packed with content and value.
XML stands for Extensible Markup Language. It is a generic term for a globally defined set of standards and rules that enable documents to be codified in a way that both humans and machines can read.
Scanning invoices in an attempt to reduce procurement effort is like ordering a faster fax machine because your current model is too slow. Why not get rid of the fax machine?