The benefits that virtual payment cards provide to buyers are expressed quite well in vendor marketing materials, as well as in several previous articles here at Payables Place. What’s not as well discussed, however, are the advantages virtual cards ascribe to the suppliers that accept them. To be quite frank, the pluses of virtual payment [...]
November 5, 2014
Andrew Bartolini
Best Practices, Process, Solutions
For more than 70 years, enterprises of all sizes have used commercial payment cards to purchase everything from airline tickets to office supplies. This flexibility has led solution providers to launch numerous card products in the intervening decades. Today, there are cards to manage corporate travel, cards for purchasing, fleet cards for transportation, ghost cards [...]
October 27, 2014
Andrew Bartolini
Process, Solutions, Technology
The Chief Financial Officer (CFO) of the typical organization is now tasked with more than ever before, often asked to be the “savior” of enterprises that struggle to maintain a clear picture into total cash and corporate finances. Payables Place is pleased to present a series that highlights the “CFO’s view” of various functions and [...]
October 24, 2014
Christopher Dwyer
Best Practices, Process
It’s been previously stated here at Payables Place that the business travel category has been on both a budgetary and strategic rise over the past half-decade; as more and more enterprises rely on business travel to foster customer relationships, spark new business development, and maintain core supplier unions, it becomes critical for the average enterprise to [...]
October 20, 2014
Christopher Dwyer
Best Practices, Process, Technology
Welcome to the first article in a five-part series that will focus on how procurement, finance, and other professionals effectively build a “compliance management” checklist that addresses multiple avenues of spend management and the compliance ramifications behind strategic spend categories. The first four articles will highlight the dozen items that should be included in an [...]
October 15, 2014
Christopher Dwyer
Best Practices, Process, Solutions
Around these parts, the phrase “complex spend management” is tossed around frequently when discussing how the modern executive should develop their global programs and strategies. Today’s Payables Place article is an overview of why the “hottest” complex spend categories (which have been historically linked to indirect spend management) must be critical focal areas for every financial professional. Although [...]
September 29, 2014
Christopher Dwyer
Best Practices, Process, Solutions
We discuss the Procure-to-Pay (P2P) process frequently on Payables Place because of its central importance to Chief Financial Officers and AP operations. We also see it is as a “Hot Button” issue for AP groups in 2014 and we see a its importance as part of larger trend of the convergence of finance and procurement. [...]
January 30, 2014
Andrew Bartolini
Process
We discuss the Procure-to-Pay (P2P) process frequently on Payables Place because of its central importance to CFOsand AP operations. We also see it is as a “Hot Button” issue for AP groups in 2014, as noted in this article. P2P processes involve the various stages of a business’ transactions with its supplier and these processes [...]
January 27, 2014
Andrew Bartolini
Process
This is the last is a series of articles focused on new technology providers and their capabilities around dynamic discounting. The first article on Taulia can be found here and for the second on C2FO click here. Today’s focus will be Tradeshift and although I’ve covered Tradeshift before, this discussion will provide some insights in [...]
November 5, 2013
Andrew Bartolini
Process, Technology
Based on research from Ardent’s latest report – ePayables 2013: AP’s New Dawn eInvoicing solutions remove paper from the AP process by creating invoices electronically and maintaining that format through the validation matching, and approval processes. While an eInvoicing solution is deployed by the buying organization, it requires participation from the supplier base to become [...]
August 15, 2013
Andrew Bartolini
Process