They say every picture tells a story. So, if you take a picture of your accounts receivable (A/R) function through the camera lens of A/R data, what will it tell you about your transactional order-to-cash processes? And what light will it shed on your approaches to cash collection, customer engagement and risk and compliance management — or your overall ability to influence business performance? When it comes to painting a picture of business health, unedited photographs rarely distort the truth, and that’s true for A/R data, too. The good news is that the more unflattering the picture, the more opportunity you have in front of you to provide better visibility to the business, improve cash flow and reduce risk. Now it’s time to grab your camera as we take you on a quick journey with how-to steps to improve overall A/R performance, starting first with explaining the role of A/R in overall business terms (i.e., why it matters!)
Spend Matters Founder and Head of Strategy Jason Busch walks readers through how they should be prepared for the OMB Federal E-invoicing mandate in the United States.
E-signatures and digital signatures are a rapidly growing sub-segment of the procurement and broader enterprise technology market. The numbers are truly off the charts. According to industry research, the segment experienced 48% growth in 2011, and an average of 53% annual growth in 2012 and 2013. Forrester estimates there will be 700 million e-signature transactions by 2017. There is no doubt that the growth will continue in this market at breakneck pace for at least the next few years. But where do e-signatures and digital signatures fit into e-procurement, beyond simply replacing handwritten signatures on the contract paper? This Spend Matters PRO research brief provides examples and use cases where these solutions can play a critical role supporting end-to-end source-to-pay (S2P) and related procurement processes.
Spend analysis is changing - and it's changing fast. In this paper, Peter Smith interviews Stefan Foryszewski from Tungsten Analytics, discussing some of the bleeding-edge approaches companies are taking in this area.
For some, an invoice is a piece of paper sent by a supplier to a customer with varying amounts of detail about services performed or items purchased or to be purchased, along with other details including mailing and remittance information, the maturity date of the invoice and the conditions, such as penalties, if the maturity date is not met. But in practice, an invoice is much, much more...
The movement toward early pay acceleration is a response to both structural changes in the broader economy and investment in accounts payable automation and e-invoicing technologies. How are companies accelerating early payment approaches in their supply chains? Download this paper to find out.
Rote “drive-by sourcing” events and a resultant contract thrown over the wall into a poorly designed and automated P2P process/system doesn’t make for the best buying experience. Requisitioners who are not able to easily find what they’re looking for (and then get hand-slapped when they bypass preferred vendors) are not exactly going to have a delightful experience with procurement’s designed buying process. Let’s make it easy. Here’s how.
Spend Matters Premium Content - Ask the Expert Video Replay
Jason Busch and David Gustin talk trade financing news and technology in this Ask the Expert session. They dissect the market, giving a glimpse of the behind-the-scenes action with solution providers, what companies are partnering up and discuss integration efforts with P2P, services procurement and other areas.
Spend Matters - Free Research Download
Let’s talk about receivables financing that isn’t buyer-led, aka, a low 10-digit opportunity of a pie to be split by buyers and suppliers. A billion here, a billion there, and pretty soon you’re talking about some real money. And where there’s money to be made, you will see money coming in (e.g., from private equity players) to get a sweet slice of that pie. This paper gives 10 reasons around the how and why, so download today.
Spend Matters - Free Research Download
If you haven't been reading Pierre Mitchell's "50 Shades of Pay" content, then you've been missing out. Over the next few months, we'll be pulling bits and pieces of especially important content from the series from behind the paywall and making them available for general download. This paper focuses on setting your "payment clock" - that's right - the 'perfect order' goes well beyond fulfilling the right quantities, on time, with the right invoice information. Read on for more!
Traditional approaches to spend analytics go deep by focusing on cost and price. Yet by going so deep – especially with more advanced queries – procurement might be missing out on a potentially bigger, easier and more consistent prize that is easier to obtain and keeps “paying back” versus simply driving one-time savings opportunities. Might there be potentially better (or at least supplementary) information sets to start with that focus more on the AP and treasury side of the P2P house rather than procurement alone? Read this paper to find out!