Blog listing (Purchase to pay)

Automating purchase to pay to improve control and efficiency: The Segro story

Sarah Feurey | Blog Post | 24 May 2013

Segro, an international property solutions company automated their Purchase to Pay (P2P) process with both procurement and invoice automation, and are reaping the rewards.

Why cutting out the middle man may be the key to financing your supply chain

Anna Bowsher | Blog Post | 1 March 2013

There has been much talk over the past year about how supply chain financing (SCF) can leverage your working capital. And on the face of it, in a low interest and risky economic climate, this might seem like a great way for cash-rich organisations to make the most of their money.

The business impact of invoice exception handling

Sarah Feurey | Blog Post | 3 January 2013

The manual handling of invoice exceptions can be one of the main contributing factors to high operating costs on finance and accounts payables department.

How strict can you be when mandating global processes?

Sarah Feurey | Blog Post | 24 December 2012

One of the biggest savings that can come from moving to a shared service model is the benefits that come from standardized processes. While it’s a challenge to get people at local sites to adapt to new ways of working, the dividends can be huge. When functions are moved into shared service center, processes can be automated and streamlined, and there are enormous efficiency savings to be gained.

How to add money to your bottom line with rigorous audit and recovery

Sarah Feurey | Blog Post | 13 December 2012

Duplicate payments are unfortunately a common issue for many AP departments. How can you ensure you are doing what you can to prevent this drain on your business?

Why shared services should worry about supplier risk management

Sarah Feurey | Blog Post | 3 December 2012

Speaking to Procure-to-Pay professionals, I’ve been hearing about supplier risk management and how it impacts the purchasing process. Mostly they are concerned with ensuring their business-critical suppliers are financially sound. However in terms of the supply chain, shared services leaders should be concerned with the financial stability of critical suppliers, the risk of supply chain disruption, and the potential for bribery and corruption in the supply chain

Why the RAG approach isn’t always the wisest

Anna Bowsher | Blog Post | 28 November 2012

The theory behind the RAG approach is simple: by color coding an action or step in a process either red, amber or green, you can visually identify its status and trigger an appropriate and prompt response.

Keys to success for managing change in purchase to pay

Sarah Feurey | Blog Post | 12 November 2012

At our recent summit for Leaders in Finance Shared Services, Deborah Moehlich Financial Systems and Shared Services at Fiserv gave us some excellent insight on how they managed change and, believe it or not, how they made change management fun!

How to add value to finance shared services

Sarah Feurey | Blog Post | 3 October 2012

In the context of shared services, what is value? For different organisations, value can mean different things. For some, delivering value means achieving efficiency savings through automation and standardisation. For more advanced shared services it’s ab