50 Shades of Pay: Shade 5 – Diving Into the Invoice-to-Pay “Transaction Factory” [Plus+]


In our last installment of this “50 Shades” series on spend analysis, we alluded to the concept of the “transaction factory.” Basically, we’re talking about managing transactional documents like POs, receipts, invoices, and payments with the same rigor that products are managed as they flow through a world-class production facility. For right now, we’ll address the “invoice factory” and “payment factory” since we’re talking about A/P-based spend analysis (for now). Spend Matters’ Chief Research Officer Pierre Mitchell continues his 50 Shades PLUS series, this time touching on “Shade 5.”

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