Typically, when an organisation overhauls their existing procurement practices they look at all the internal change management issues and often neglect engaging with their suppliers and getting them on board.
Tagged: scanning invoices
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.
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?”
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?