The Payables Place team has covered a lot of ground over the past two weeks. There was news of Lexmark moving to acquire Kofax, a look at how scan-and-capture invoicing can trigger cost savings, and even a deeper look at one of the biggest trends in accounts payable for 2015. Happy Good Friday and Happy Easter to our readers who celebrate those holidays, and now please read below to catch up on what you may have missed from the past two weeks.
5 Critical Ways Scan-and-Capture Takes Cost Out of the Enterprise
Scan-and-capture invoicing is one of those technologies that can have an impact much more outsized that it can appear at first glance. Given that 70% of invoices enterprises receive are still paper-based, the ability to quickly and efficienctly get those paper invoices into the approval workflow cuts down on huge quantities of accounts payable staffer work. That’s just one way scan-and-capture invoice helps out; four more ways are outlined in our March 23 article, which can be read at http://payablesplace.ardentpartners.com/2015/03/5-critical-ways-scan-and-capture-takes-cost-out-of-the-enterprise/.
Instant Analysis: Lexmark Plans to Capture Kofax for $1 Billion
Lexmark has, over the past few years, made an agressive push into the software and services space–extending its business outside of its traditional printer and print supplies business line. On March 26, Andrew Bartolini and I detailed yet another move in this direction with the news that Lexmark announced plans to acquire Kofax for $1 billion. The acquisition, should it be approved and close, will result in four major players in the invoice capture and workflow market–Perceptive Software, Brainware, Readsoft, and Kofax–under the same corporate roof. Read the full article at http://payablesplace.ardentpartners.com/2015/03/instant-analysis-lexmark-plans-to-capture-kofax-for-1-billion/ for more details.
3 Valuable Uses for a Declining Balance Card
Managing expenses is by and large one of the most critical challenges for the modern enterprise. Declining balance cards, sometimes called “controlled value cards,” can be tremendously valuable when it comes to managing enterprise spend across various categories. My article from March 27 details three such uses that are valuable to the larger enterprise when it comes to managing spend. Read the full article at http://payablesplace.ardentpartners.com/2015/03/3-valuable-uses-for-a-declining-balance-card/.
Accounts Payable: Top Trends for 2015 (Webinar)
On April 16, Ardent’s own Andrew Bartolini and Christopher Dwyer will join forces on a Concur-sponsored webinar to detail the biggest trends in the accounts payable world for 2015. From the article: “Finance and procurement executives often struggle with controlling enterprise spend and enhancing the greater organization’s cost reductions efforts. In an age when companies are typically forced to blend a mix of internal efficiencies and approaches with external solutions, the accounts payable (AP) function has risen to new ground as a formidable outlet of true strategic value.” Read the full article at http://payablesplace.ardentpartners.com/2015/03/accounts-payable-top-trends-for-2015-webinar/.
AP’s Top Trends in 2015: The Increasing Automation of Accounts Payable
As a bit of a lead-in to the AP Trends webinar mentioned above, Payables Place will run a short series of articles diving into some more detail on the biggest trends in accounts payble for 2015. This first installment, which ran on March 31, takes a look at the largest trend: that accounts payable will become increasingly more automated over the next two to three years. Read the full article at http://payablesplace.ardentpartners.com/2015/04/aps-top-trends-in-2015-the-increasing-automation-of-accounts-payable/ for details.
Check out these articles for more:
Telecom Expense Management, Spring Training, and Cards: What You May Have Missed
Building a P2P Process, Corporate Cards, and Metrics: What You May Have Missed
Nvoicepay, Yooz, and How Social Media Fits into P2P: What You May Have Missed
Mobility, AP Automation in the SMB, and More: What You May Have Missed
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