Why Metrics Matter in Accounts Payable
Establishing and measuring relevant and actionable metrics is an important part of any business function since it provides the opportunity to set, track, and ultimately achieve goals and objectives while…
Two Approaches to Building a P2P Process
The Accounts Payable Department Approach For many enterprises, the accounts payable department can be characterized as paper-laden and inefficient. Any function that operates in an almost or fully manual manner…
The P2P Blueprint: Who Needs to Get Involved?
A strong procure-to-pay (P2P) workflow can be a critical differentiator for enterprises of all sizes. Linking the entire P2P process can lead to operational efficiencies through cost savings, improved productivity,…
Social Media and P2P: How Social Networks Develop and Strengthen Trading Partner Relationships
The underlying capabilities and drivers behind the most successful social networks can and should have the same impact in business communication and performance. As such, there is a remarkable opportunity…
Social Media in P2P: Internal Knowledge Management (via Wikis)
It’s a common mistake, when thinking about social tools, to imagine only platforms such as Twitter, Facebook, and LinkedIn as the totality of “social media.” This couldn’t be further from…
Social Media and P2P: A Use Case for Twitter
When it comes to social capabilities in the procure-to-pay process, there are a few things to consider. Specifically, enterprises need to consider which sorts of social tools to use in…
Events Management in 2015: How Will It Evolve in the Year Ahead?
The realm of complex spend management is never dull. From contingent workforce management to business travel and expense management, these industries encapsulate multiple “worlds” within the average organization, from finance…
Mind the Gap: Social Media and the Procure-to-Pay Process
Editor’s Note: This article is the first in a brief series examining the problem of using social networking tools for procure-to-pay applications. This installment presents the issue at hand, using…
Why Should CFOs Care About Contingent Workforce Management?
The modern-day Chief Financial Officer (CFO) has his or her hands in a mix of contemporary processes, capabilities and initiatives. For years, the analyst the team at Ardent Partners has…
What Does 2015 Hold for Travel and Expense Management?
Frequent visitors to Payables Place will know that the complex category of business travel has increasingly become a bigger line-item at the average enterprise. In fact, the current business travel…