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The “Spend Cycle” or Purchase to Pay, is regarded as the business process most susceptible to systemic process breakdown. Maybe because it touches so many people within and beyond the organization and thus is exposed to behaviors that can increase …
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We all suffer from self-doubt and frustration when achievement of personal or business goals elude our grasp.
Sometimes, the idea of “continuous improvement” can seem like an even bigger challenge.
Daniel Caines overcame his own challenges to eventually win World, …
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Purchase to Pay – where does it all go wrong?
Too often, we use Purchase to Pay (P2P, PTP) as “code” for Accounts Payable or “Invoice to Pay”. Whether trying to address payment on time challenges, supplier engagement issues, delayed …
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None of us can miss the potential seismic changes from the latest wave of technological innovation and commercialization in Generative AI, Large Language Models, ChatGPT, Bard et al . . .
These “waves of change” are accelerating.
The pace of …
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ESG Reporting requirements may be the biggest thing to hit many organizations since Sarbanes-Oxley.
The SEC are requiring public companies to combine ESG reporting with their quarterly financial statement.
This is a challenge.
The EU and many other countries are …
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87% of Shared Services and GBS organisations see end to end process integration as a top priority for 2023.
But it is a challenging goal.
“Source to Pay” and “Purchase to Pay” have long been regarded as prime candidates for …
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We know that top performing GBS & Shared Services organizations outperform their peers in cost, quality, productivity, cycle time and agility.
The key to being a top performer is to understand current performance, set a realistic but aspirational goal and …
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What does “Value Creation” in GBS really mean? How would your CEO define it?
There is a common aspiration across GBS and Shared Services organizations to shift from a solely cost reduction focus to one of value creation.
Easy to …
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We ran a fascinating 30 minute “fireside chat” with Jorge Torres, former Chief Information Security Officer (CISO) at UNICEF to understand the role of the CISO in a business world of conatnt transformation and change, largely centred on information . …
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Intercompany gets much less attention than O2C, R2R and P2P, but this process is responsible for a high proportion of finance transaction activity and has a massive impact on overall corporate revenue, cost, working capital, tax and product profitability.
Effective …
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