P2P

How Accounts Payable Automation Delivers Benefits Across the Corporate Enterprise

More businesses are focusing on ways to increase their profit margins and net incomes. One strategy for accomplishing these goals may surprise some people: Accounts Payable automation. The

What Do We Mean By the 'Expenditure Cycle?'

By Pam Miller - The concept of the “expenditure cycle” has been discussed and studied for many years in textbooks—even though many of us have never heard the term. At its most basic level,… Read More

Promoting Process Alignment and Cooperation Between AP and Purchasing

By Pam Miller - Things are humming along—invoices are being processed as efficiently as possible when, wham, no vendor in the system! Efficiency vanishes when this exception has to be processed… Read More

Is Your Procurement Function Staying Ahead of the Curve?

In partnership with finance, today's procurement function is increasingly moving beyond its traditional role of acquiring goods and services at the lowest possible price and leveraging its expertise

Five Recommendations for Overcoming Flaws in a P2P Process

Finance organizations that wish to optimize their procure-to-pay (P2P) processes need to focus on achieving “true straight-through processing (STP).” "STP allows invoices to travel from the… Read More

Collaboration Between Finance and Supply Chain Makes Good Dollar Sense

One of the most powerful ways to boost the bottom line is for finance to create a partnership with supply chain, reveals CFO and the supply chain: Partnering for performance, a global survey of 423

10 Attributes to Look for in Procure-to-Pay Solutions

By Mark Brousseau Adoption of procure-to-pay solutions—technology that automates procurement, contract management, accounts payable and spend analysis—is growing as organizations look for ways to

Implementing a Self-Service PO Process

Improving With Enthusiasm Problems with PO numbers recently led the AP department at Goodwill Industries of Central Indiana Inc. (Indianapolis) to implement a smart new self-service PO process,

Communicate With Purchasing to Stay on Top of Contractual Changes & Expiration

By Pam Miller, APMD Accounts payable is forever working to complete projects, heed compliance requirements, meet closing dates, and complete payment runs on a deadline. But these are not the only

P2P: Close the Purchasing/AP Divide

To some–especially those with a vested interest in keeping them separate–purchasing and AP might be considered distinct entities, reports Jamie Liddell of the Shared Services and Outsourcing