Articles
In this article we list some of the most widely used key performance indicators (KPIs) by organisations when assessing invoice performance. Use these key metrics to analyse the efficiencies of your invoice management process from data capture and review, invoice processing and matching to transfer for payment and ensure continuous improvement... read more »
Supplier Risk – A Major Strategic Challenge
In a deteriorating economic climate, managing supplier risk has become a top concern for organisations (and under greater scrutiny from their investors) due to the strategic, financial and operational impact that can result from supplier failure: disruption of service and product delivery, loss of revenue, increased costs, supply chain failure, and reputational damage ... read more »
Expenses: Can Government Learn from Commerce?
MPs banned from claiming mortgage interest payments, employing family members and avoiding paying capital gains tax on their second homes under Sir Christopher Kelly’s recommendations on expenses is arguably the biggest shake-up in recent years of the unique circumstances that surround an MP’s life ... read more »
How Law Firms Can Meet Increasing Challenges for Profitability by Controlling Indirect Costs and Optimising Efficiencies
In today’s complex and dynamic environment, law firms are facing unprecedented pressures on fees, billable hours and earnings. In recent years, growth in the law sector has slowed due to a decline in Mergers & Acquisitions and a reduction in existing and potential clients. This has resulted in increased competition and has forced law firms to identify new ways to drive profitability ... read more »
No Room for Compromise: Best-in-Class Procurement Systems put ERP in its Place
If your drive to implement a comprehensive Spend Control strategy is urging you to reassess the eProcurement module that lurks unexploited in the depths of your existing ERP system, it might be time to think again. Indirect Spend Control has the potential to deliver instant business-wide savings to the bottom line – as long as it embraces the complete Procure-to-Pay cycle ... read more »
Is it Time for Convergence of Finance and Procurement to Drive Spend Control Projects?
The convergence of Finance and Procurement that has defined the evolution of effective Spend Control as a global corporate goal should have been a natural process: a meeting of similar minds and shared objectives. In practice, it more often has been a collision, sparking the spasmodically promising but rarely fulfilled realisation that more closely aligned agendas could deliver substantial benefits to the bottom line of the business ... read more »
CFO’s Agenda Compromised by Inefficiencies in Accounts Payable Survey Finds
PROACTIS survey demonstrates that the CFO cost containment agenda is being compromised by underperformance in Accounts Payable departments. The problem stems from Accounts Payable processes and controls that have not advanced significantly over the past few years translating into higher transaction costs and difficulties in managing working capital ... read more »
What Next for Customers of Ariba and Procuri?
PROACTIS launches Migration Program for customers of Ariba and Procuri following rumours that Ariba is sun-setting its Procuri product. If this news is correct, then Procuri customers are likely to begin the evaluation process for eProcurement software all over again. Find out what Ariba customers should be looking for in their next vendor and technology choice ... read more »
Planning an International Spend Control Initiative?
Traditional IT systems have generally been found wanting when it comes to addressing an obvious gap in enterprise cost management: indirect Spend Control. That’s one of the reasons why so many ERP procurement modules lie dormant. But infinitely configurable and best-in-class systems are rapidly giving global enterprises the opportunity to establish common practices and spend visibility with short project lead times and minimal disruption. This gives you, as CFO, a vehicle for turning Spend Control into instant profit – as long as you plan your roll-out carefully ... read more »
Too often, responsibility for managing and monitoring supplier records and relationships is diluted across the organisation. But if Finance and Procurement seize the initiative and drive through an automated strategy, a spectrum of instant and long term benefits will make themselves felt on the bottom line, leading to greater efficiencies and more profitable supplier relationships ... read more »