Each year, the AP team at Deutsche Bahn was manually processing approx. 12M invoices from around 100K suppliers. With a lack of visibility, disjointed processes and up to 30% of invoices with no PO reference, the AP department was in constant “fire-fighter” mode.
Read the latest comments on best practices and trends across finance shared services, P2P, O2C, R2R and Tax.
Unlock the mystery of shared services with our 25-minute video guide. Dive into its origin, the pre-shared services era, and the pivotal Eureka moment. Uncover the 5 pillars of shared services and its unique "secret sauce". Trace the typical journey, see real-world stats, and refine your grasp.
While digitization has been a priority for finance leaders in recent years, there is still a significant amount of untapped potential. Read this fantastic guide and discover how forward thinking can ensure successful digital transformation.
A cost rationalization exercise in the treasury department at The Chefs' Warehouse highlighted banking fees as a major business financial burden. VP of Finance, Nelson Lopes, realized this was a perfect opportunity to shake up their Receivables process. Read the Case Study Now.
CFOs need to be very clear about what payment optimization means in practice and what implementing a new payment process will mean for their organization. The focus should be squarely on consolidating and optimizing cash flow. Read this E-Book to find out the 5 key elements to tackle.
It’s natural to want to batten down the hatches and cut non-essential spending in times like these. Read this guide to discover 5 key reasons why it makes sense to invest in process technology despite inflation volatility.
In 2019, $30 BN medical devices giant Medtronic embarked on a global finance optimization program. The aim? To have a best-in-class finance team. For Accounts Receivable this meant a complete transformation of its cash application process across 250 entities in four regions.
Upfield spun off from Unilever in 2018. At that time, 100% of AP invoices were paper-based. 24 months later, a staggering 75% of Upfield’s 8,000 suppliers were invoicing the company electronically. Read the 80% Touchless Invoicing in 2 Years at Upfield CASE STUDY.
P2P Global Process Owner Greg Liebe is excited about his e-invoicing progress. Throughout this journey, Greg and his team have been incredibly successful, but that doesn’t mean they got it right the first time around. Read this Case Study for Greg's 6 Tips for successful e-invoicing.
What questions should you ask e-invoicing providers in order to tell them apart? And what responses should you get from them to help you feel… assured? The truth is, you are not comparing apples to apples. They all have different models and different strengths. For help, read this guide today.
This exciting guide reveals how you can ‘have it all’: you can school up on country VAT compliance needs, fulfil them, and meet your invoice automation business goals.
Intercompany has typically been seen as an accounting problem, yet it affects all areas of finance. After being neglected for many years, global changes are propelling its importance to the forefront. It has to be a key investment priority for shared services.
Over 70 jurisdictions have implemented – or are about to implement – e-involving or CTC (continuous transaction control) mandates. For AP leaders however, it can be overwhelming. Thankfully, Pagero has published an e-Invoicing and CTC Regulatory Forecast for 2023.
In December 2022, the European Commission (EC) proposed a series of measures to modernise and make the EU's Value-Added Tax (VAT) system work better for businesses and more resilient to fraud by embracing and promoting digitalisation. The proposal aims to address challenges in the area of VAT raised
Even with all of the modern technology at our fingertips, many feel overwhelmed managing tasks and processes which are often now distributed all over the globe.