Published in Business Info on 18/04/2013

In a volatile economy, organisations continue to jeopardise business success by failing to monitor purchasing commitments. In this article, Gary Waylett explains how eProcurement can help businesses gain visibility of commited expenditure as a purchase occurs, rather than after the event.

Despite five years of recession-led improvements in financial management, organisations are still failing to impose adequate control over expenditure. According to research by Proactis, over two-thirds of purchasing happens before an order is raised and 38% of companies estimate that in excess of 60% of inbound invoices are invisible to the organisation prior to receipt by Accounts Payable (AP).

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Published in Supply Chain Europe on 10/04/2013

Gary Waylett examines the role eProcurement can play in delivering effective spend control and expense visibility across the business.

In a volatile economy, organisations continue to jeopardize business success by failing to achieve any visibility over purchasing commitment. With almost two thirds of purchases only revealed when the supplier invoice arrives in accounts payable, organisations are failing to control cash flow, understand expenditure against budget and potentially jeopardizing important supplier relationships.

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Published in Fresh Business Thinking on 21.03.2013

New independent market research by industry analyst, Redshift Research, on behalf of Eclipse Group has found that finance staff are still struggling to eliminate paper from the finance department.

The survey, which samples the views of 200 financial decision makers, found that despite the fact that 88% of respondents consider removing paper to be important, just one third of documents within the finance department are scanned; whilst almost half of all purchase and sales invoices are still paper-based.

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Published in ComputerWorld on 21.03.2013

Finance departments are failing to digitise documents, a survey has claimed, with many mistakenly believing that auditors prefer a paper trail.

A survey by Redshift Research on behalf of Eclipse Group of 200 decision makers at financial organisations showed that only a third of documents are being scanned, despite 88 percent of respondents indicating they intend to do so.

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