Given the profound benefits of e-Invoicing, it is remarkable that only a little over 8% of global invoices in 2014 will be processed electronically, according to Billentis’ 2014 E-Invoicing / E-Billing report.
By Matthew Pike This email address is being protected from spambots. You need JavaScript enabled to view it.
Recently, I was asked to review a business case for a procure-to-pay implementation, and I found myself reaching for the ‘Insert-New Comment’ icon the moment I opened the document entitled: “Business case for the implementation of a Procure-to-Pay system”. Somewhat glibly, I added the comment ‘Consider changing to “Business case for achieving world-class performance across all Procure-to-Pay activities”’.
By Steve Hall, Editor of Procurement Leaders
You can’t entirely blame a procurement executive for having a chip on their shoulder – they’re responsible for millions, even billions of spend, but yet they risk becoming outsiders in the organisation; siloed off or constrained by the demands of other functions that limit their impact.
Sometimes procurement’s fault is a product of its own misconceptions; functions have grown up delivering easy savings by beating up suppliers and when that ‘low-hanging fruit’ has all been harvested, they’re left without the capabilities to deliver value to stakeholders.
Maybe, then, it’s not just other functions that are learning what procurement is and what it does – teams are learning about themselves. Here’s five reasons that’s been such a difficult journey.
T&E expenses are still an area beset with problems – from lost receipts, accusations of favouritism to outright fraud. On top of this, there’s the added issue of employees claiming that they simply "didn't know" whether they were able to claim for certain items or not, so just included them amongst their other receipts and hoped for the best, or didn't include anything at all. Clear knowledge on what is a legitimate expense claim and what isn't is common across many organisations. The issue was confirmed in a recent report by Capital One, where it found that up to 45% fail to make any claims, at an average personal cost of more than £350.
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