Research

The Definitive Guide to Purchase to Pay

For the first time in four years, we’ve seen a rise in the number of organisations using eInvoicing, possibly reflecting the drive to become more digital over the course of the pandemic.

As technology improves and the benefits of collaborative working combine with a need to develop an insight into end-to-end processing, collaboration across end-to-end Procure to Pay is a trend that’s set to continue.

Download this report and read the findings in full.

This report is derived from a study incorporating the online results of senior influencers and decision makers involved with Procure to Pay, Finance, procurement and the supply chain. 

A short guide on increasing payment security

“Fraud risks are omnipresent for organisations today. To stay a step ahead of fraudsters, organisations must be always on guard. Implementing strategies that encompass the entire business process is imperative for effective fraud prevention. Full stop”, says Nancy Zhang, Director Solution Success at Serrala.

Over 74% of organisations experienced fraud attempts according to the 2021 AFP Fraud and Risk Survey. Organisations need to ensure they have the right strategies in place to defend themselves against cybercrime and other fraud attempts.

Investing in people, processes and systems is vital. Learn in this eBook what you need to know about fraudsters, how they try to get access to your corporate cash, and how you can build lasting fraud prevention strategies.

AI, Machine Learning, Business Ecosystems, Predictive Analytics, Data Accuracy – what’s all the buzz really about?

As a finance or procurement professional, you have most likely heard about these trending topics and might be curious to learn how these emerging technologies will affect purchase-to-pay functions. Their applications in daily life are still somewhat intangible, but one thing is clear, emerging technologies have the potential to revolutionise how modern finance and procurement operate.

Download this whitepaper to learn how these trends are disrupting the purchase-to-pay world and what you can do to prepare today. You'll get more details into technological trends such as the following:

- Artificial intelligence (AI) and machine learning (ML) are re-inventing the dynamics of AP and Procurement departments

- Business platforms supporting automation are the foundation for business flexibility and agility

- Data gathered through automated solutions strengthens business continuity and resilience

An easy step-by-step process to build your business case

Spend Management is a journey, and for many organisations, one of the first, most important legs of the trip is deployment of a P2P solution.

The direct operational benefits of your P2P system will be to:

- Make it easy for your organisation to get the goods and services
  it needs.

- Prevent unauthorised, unnecessary or fraudulent purchases.

- Help department managers effectively manage budgets.

- Guide purchasers to fulfill their need from approved suppliers
  with a negotiated contract pricing.

- Dramatically streamline the processing of invoices while ensuring
  only valid invoices are paid.

This guide is intended to give you a simple, straightforward way to develop a P2P business case.