P2P

Glitches can occur with any P2P process , and can be caused by a number of factors. "P2P challenges are not unusual, and should be expected," reports Pete Loughlin of Purchasing Insight. For… Read More

In a nutshell, purchase-to-pay, or P2P, is the flow of an order–from the time that an order is sent to a supplier, to the fulfillment of the order, and ultimately, to the payment for the product.

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In the pursuit of better transaction processing (low cost and supportive of cash management strategy), centralization is a first step. Centralizing into a shared services center has been a goal of… Read More

Vendors, in an effort to get paid in a timely fashion, often offer 1/10 net 30 or 2/10 net 30 discount terms. That translates into a one or two percent discount if paid within 10 days. If the invoice… Read More

The retail business is cutthroat. Many products that retailers sell have razor-thin margins. As a result, these businesses must be pros at managing their supply chains. Retailers often structure… Read More

If You Build It, They Will Come The famous line from Field of Dreams may have been referencing baseball stadiums and ghosts, but it also applies to manufacturing companies and their… Read More

Contrary to popular belief, accounts payable departments do not operate in a vacuum. Although traditionally AP and procurement have rarely worked together, businesses benefit when they do. When the… Read More

Accounts payable departments are the last line of defense when it comes to money leaving the organization. Unless AP has proof that an invoice is accurate and for a legitimate purchase, they will not… Read More