Best practice and case studies for Finance, Shared Services and Indirect Tax professionals. Automation tips and strategies in our webinars, articles, events.
When rolling out e-invoicing—whether mandated or voluntary—it’s a prime opportunity to enhance Purchase-to-Pay efficiency by consolidating suppliers, standardizing payments and terms, conducting third-party risk assessments, increasing spend under management, and onboarding suppliers to discounting
Businesses like GSK demonstrate that a strategic, collaborative approach to e-invoicing can lead to significant efficiency gains, cost savings, and enhanced supplier relationships.
2025 might not prove to be a straightforward year for shared services organizations. Read Susie West’s outlook for more insight.
Explore the 7 biggest challenges facing Shared Services and Global Business Services (GBS) today. Learn actionable solutions for overcoming these obstacles, from digital transformation to talent management.
One of the most common reasons transformations fail is that there isn’t enough focus on the human side of change and change management.
Covid-19 has changed the business landscape. While some disruptions are temporary, there will certainly be some permanent changes to business culture. It’s time to start planning strategically about your location and work-from-home strategy.
What are 4 things that can go wrong when indirect tax is an afterthought, and not considered throughout your digital transformation?
When you think of non-trade deductions, you think of grunt work and heavy lifting. It’s not the fun part of Order to Cash. It’s a piece of O2C which is truly non-value adding. Writing off all your deductions (which would never happen) would cost companies millions a year. So, teams of five to 10 analysts are employed to investigate small to large amounts, often working on thousands of deductions at any given time. As long as the process is manual, the company is losing out because of the high cost of activity, the high write-off threshold, and the stall in working capital. This article looks at the numbers (some very alarming) related to manual deductions processing, and the more relaxing numbers achieved once you automate.
There are two areas to focus on when assessing your benchmark – your processes and your people.
When managing business processes, most agree the ideal combination is Artificial Intelligence plus Human Intelligence. The Collections Process is a perfect example. This article lists 5 ways Autonomous Software is helping transport and logistics giant Uber achieve a whopping transformation in its accounts receivables.
Here are 3 findings regarding what is keeping Order-to-Cash stuck, and how to find freedom and digital advancement.
Given the volatility in today’s economic climate, Accounts Receivable teams will want to move away from manual credit management to a highly automated, machine learning-based platform to provide visibility, trustworthy profiles and scoring, and smart approval workflows. Now is the time to reduce exp
As e-invoicing mandates proliferate, the traditional country-by-country approach to compliance is becoming risky.
The evolution of shared services talent, key recruitment skills, and strategies to attract and retain top talent in the modern business landscape
Recoverable VAT amounts are significant, often adding up to the millions. They can be recovered quickly, helping companies reduce their cost base, improve profits and increase cash reserves
A GPO is the owner of the process such that no change can be made to the process without his or her consent.
We have pulled together 10 of the KPIs that you might do well to consider including in your P2P KPI set.
A guide to better understand and implement e-invoicing
Lean how Mediafly leveraged dynamic discounting to help their company grow by a staggering 1000%.
How you fare in the next few weeks or months may well be testament to how organized, automated and streamlined your SSO has become in the past few years.