1. Articles in category: Invoicing & Payment

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    1. Ailing Post Office owes clients a fortune

      Explore iol.co.za (Jul 14 2015)

      Ailing Post Office owes clients a fortune

      Johannesburg - The cheques are in the mail. Not. If you were waiting for the Post Office to pay you, don’t hold your breath waiting for the cheque: there’s a bit of a cash problem. On Monday Telecommunications and Postal Services Minister Siyabonga Cwele admitted to Parliament that the Post Office has thousands of unpaid suppliers and owed hundreds of millions of rand.

      (Read Full Article)

      Mentions:   Post Office

    2. Government: Unit to oversee payment of bills

      Explore iol.co.za (Apr 20 2015)

      The cabinet had approved the establishment of a special unit to assist national and provincial government departments to pay their bills on time, Minister in the Presidency Jeff Radebe announced on Friday.


      THE CABINET had approved the establishment of a special unit to assist national and provincial government departments to pay their bills on time, Minister in the Presidency Jeff Radebe announced on Friday.

      (Read Full Article)

      Mentions:   National Treasury   Jeff Radebe

    3. Overview of Procure to Pay Cycle

      Explore Oracle Apps Technical Blog (Mar 29 2015)

      Procure to Pay cycle in Oracle is the cycle which is concerned with the cycle of procurement of raw materials, parts and products which the the business needs to manufacture its end products...

      (Read Full Article)

      Mentions:   Oracle

    4. The Great Payment Terms Debate

      Explore Procurement Leaders Network (Feb 26 2015)

      The Great Payment Terms Debate

      Is formal legislation the way to bring down payment terms that stretch beyond 60 days, and what role should procurement play?

      As a business community, what can or should we be doing about the length of payment terms? Over the last few months there have been a number of stories to hit the headlines criticising the likes of Diageo, Mars and Mondelez over plans to increase their supplier payment terms.

      (Read Full Article)

      Mentions:   Procurement Leaders Network   France   Germany

    5. SA 2015 Budget in the Spotlight - Impact on Procurement | by Kate Ferreira

      Explore MarketSqr Blog (Feb 13 2015)

      SA 2015 Budget in the Spotlight - Impact on Procurement | by Kate Ferreira

      On 25 February 2015, South Africa's Finance Minister Nhlanhla Nene gave his first full budget speech since taking up the position. The minister faced a hard task – reducing the budget deficient and balancing the needs of a developing country in a time of reduced economic growth.

      (Read Full Article)

      Mentions:   Africa   South Africa   KPMG

    6. Grocery regulator launches inquiry into Tesco's treatment of suppliers

      Explore supplymanagement.com (Feb 5 2015)

      Grocery regulator launches inquiry into Tesco's treatment of suppliers

      Groceries Code Adjudicator Christine Tacon has launched her first investigation into the treatment of suppliers by a retailer. The supermarket watchdog has launched an investigation into Tesco's treatment of suppliers. Christine Tacon said she had “formed a reasonable suspicion” that Tesco had breached the Groceries Supply Code of Practice (GSCOP) after “considering information submitted to her relating to practices associated with the profit over-statement announced by the retailer in September 2014”.

      (Read Full Article)

      Mentions:   Tesco

    7. Stop Paying Suppliers Late And Offer Them Choice

      Explore Procurement Leaders Network (Feb 3 2015)

      Stop Paying Suppliers Late And Offer Them Choice

      When can payment for goods received reasonably be expected? A buyer buys from a supplier, supplier gets paid; it’s the foundation of any business. But what happens when the balance of power sits so definitively with the buyer?

      In this guest post, Procurement Leaders invites Accounts Payable News editor Ellen Leith to share her views on the recent scrutiny of payment terms and to look at what kind of options are available to procurement teams.

      (Read Full Article)

      Mentions:   Tesco

    8. Taking P2P to the next level

      Explore purchasinginsight.com (Jan 25 2015)

      Taking P2P to the next level

      Let’s face it, despite its 20-year heritage, e-Procurement has gone no further into the enterprise than stationery and other indirect categories in most organisations. Automating the complex purchasing processes for direct materials has remained an elusive goal for most organisations, and automation is really only achieved by heavily customising ERP modules.

      (Read Full Article)

    9. 3 Tips For Strategic Sourcing Through A Supplier Portal

      Explore Procurement Leaders Network (Jan 16 2015)

      3 Tips For Strategic Sourcing Through A Supplier Portal

      “The way we pay and the way we finance payables has a dramatic impact on the relationship and the commercial things you want from a supplier.”
      - CPO at a market-leading company

       We’ve seen it time and time again: your finance team discovers the need for a supplier portal and early payment program, and since the actual change management falls on the chief procurement officer, you need to adapt processes to maintain and evolve supplier relationships.

      (Read Full Article)

    10. Getting the P2P message heard when no-one is really interested

      Explore purchasinginsight.com (Jan 6 2015)

      Everyone thinks they’re at the centre of the universe. In a business it’s the sales guys who claim all the credit for growth and profit. After all, how would the business thrive without customers? The R&D people will argue that without great products the sales guys would have nothing to sell. The CEO claims credit for leadership without which the business would have no direction. The founders want to be recognised for the bright idea they had in the first place that started the company.

      (Read Full Article)

    11. Tackling the state over late payments

      Explore BDlive (Oct 5 2014)

      Tackling the state over late payments

      Entrepreneur forced to sell up and move in with his grandmother in Soweto because government failed to pay him on time.

      Although the government is big on promoting small businesses and creating jobs, it kills small businesses and loses jobs because of slack paying.

      (Read Full Article)

    12. MasterCard & Basware create new platform to speed-up supply chain payments

      Explore Procurious (Sep 8 2014)

      MasterCard & Basware create new platform to speed-up supply chain payments
      • Basware has the largest electronic invoicing network in the world — one million organizations generating 80 million transactions a year, worth $500 billion, and growing at 50 per cent annually. MasterCard has one of the largest payment networks, and it is fully global.  They’ve joined forces and created Basware Pay.
      • The solution connects buyer’s and supplier’s payment processes through the Basware Commerce Network which provides an open and interoperable network that only authenticated buyers and sellers can use. Once the invoice is approved by the buyer it becomes available for payment through a virtual MasterCard account number.
      (Read Full Article)

    13. Do Procurement Cards Have A Place In The Modern Supply Chain?

      Explore Procurement Leaders Network (May 29 2014)

      Procurement cards are as popular as ever. While they serve a purpose – providing a relatively easy way to make low value, high volume purchases, or for transacting with suppliers which only accept credit card payments - they are far from perfect.

      In this guest post, ASM Technologies’ Iain Tomkinson argues that procurement cards can mute the impact of supply chain and purchasing strategies.

      (Read Full Article)

    14. Is the issue of late payments out of control?

      Explore supplymanagement.com (May 27 2014)

      Is the issue of late payments out of control?

      Claims last week that food giant Mars UK is trying to cover up doubling its payment times for suppliers has again highlighted the problem of late payments. The Forum of Private Business (FPB) said the food manufacturer is the latest company to introduce a supply chain finance scheme, or a “cover for extending payment times”, and suggested Mars UK could be placed in its late payment hall of shame.

      (Read Full Article)

    15. Purchase to Pay and the challenges of matrix management

      Explore purchasinginsight.com (Jan 19 2014)

      Purchase to Pay and the challenges of matrix management

      Ask anyone who knows what they’re talking about – go to any conference on Purchase to Pay and you’ll hear the same thing: The biggest challenge to making P2P work is the disconnect between finance and procurement. There are fundamental differences between the way finance and procurement see purchase to pay and getting alignment is not straight forward but there’s another reason why, for some organizations it is a challenge and that is their organizational structure.

      (Read Full Article)

    16. Statement by Mike Moriarty, DA spokesperson, on only 15% of suppliers paid on time

      Explore Polity.org.za (Nov 18 2013)

      Statement by Mike Moriarty, DA spokesperson, on only 15% of suppliers paid on time

      Despite all efforts and a House resolution requiring timeous payments to suppliers, the Gauteng Provincial Government is still a huge drain on the cash flow of most businesses in Gauteng.

      In a reply to Moriarty's question it was revealed that as of September 2013, only 15.39% of supplier invoices were paid on time. The provincial government claimed it was paying suppliers within 37 days on average and not the 30 days required by law.  This is not comforting to those 84.61% of companies doing business with the province, who collectively were owed R374m at the time when ...

      (Read Full Article)

      Mentions:   Gauteng

    17. Supplier side benefits of e-invoicing

      Explore purchasinginsight.com (Nov 14 2013)

      For years the growth in the use of electronic invoicing was hampered by a very simple fact. There was nothing in it for suppliers.

      But the world has now changed and the business case for e-invoicing is now fundamentally different to the one-sided calculation with all the benefits loaded on the customer side that would have been built perhaps 5 years ago.

      (Read Full Article)

      Mentions:   Ariba

    18. Purchase to Pay – getting the messaging right

      Explore purchasinginsight.com (Nov 12 2013)

      The purchase to pay police aren’t naturally an attractive bunch of people. Like auditors, they only bring ugly messages about compliance and process. And they don’t make their lives easier by tarnishing further their image by moaning about their lot. So how do you get the perfectly rational P2P messages across effectively? How do you prevent it from being perceived as a pointless dictat from an area of the business too remote to understand commercial realities?

      (Read Full Article)

    19. OB10 listing - it gets even more interesting

      Explore purchasinginsight.com (Sep 4 2013)

      The news that OB10 is to go public broke last night – actually a little prematurely – but now it’s official and Tungsten and OB10 have announced their intentions. Pete Loughlin spent 20 minutes on the phone with a delighted Luke McKeever, OB10′s CEO, to understand the details of the deal that values OB10 at £99 million.


      (Read Full Article)

    20. e-Invoicing – high-touch enrollment of suppliers

      Explore purchasinginsight.com (Aug 27 2013)

      It’s not easy to find real best practice advice for e-Invoicing and supplier enrollment. This extract from The Supplier Engagement Handbook describes recommended steps on how to offer suppliers that send a high volume of invoices or have complex organizations a more consultative enrollment approach.

      Accurate contact details

      Before starting a communication effort, it is important to have accurate contact information. Ideally, this includes up-to-date details for sales contacts and the people in billing and collections. No one is happier to accommodate your needs than your sales contacts; use them to your advantage.

      Compelling communications

      Creating a comprehensive ...

      (Read Full Article)

    21. UK MoD audit reveals £11 million overpayment to suppliers

      Explore supplymanagement.com (Aug 20 2013)

      The UK Ministry of Defence (MoD) overpaid suppliers to the tune of £11 million in the previous financial year, an audit has revealed. Officials found duplicate and overpayments for common goods and services such as stationery were behind the overspend. The MoD’s ‘spend recovery audit’ was carried out as part of work to cut government error and fraud, which saw £6.5 billion cut from public spending last year. All government departments will be carrying out spend recovery audits.

      (Read Full Article)

      Mentions:   CIPS

    22. Learning the language of the balance sheet

      Explore Procurement Leaders Network (Aug 15 2013)

      CPOs of the future will need to understand the pressures and requirements of the CFOs so that they may refuse them.  According to research by the IACCM, average payment terms was 57 days a few years ago. This has risen to over 60 in a forthcoming study. Is this a procurement-policy or a finance-forced initiative?   The explanation to this can be partly attributed to the continued uncertainty that businesses feel about the tepid recovery. Indeed there is many that believe that the financial crisis persists.


      (Read Full Article)

      Mentions:   USA

    23. The best solutions are those that solve a problem you never thought you had

      Explore purchasinginsight.com (Jul 5 2013)

      Sometimes, great ideas just never take off because some prerequisite solution to a problem hasn’t been solved. E-procurement was a great idea in the 1990’s but until the internet was ubiquitous and trusted, it was slow to take off. Looking back, the trust and ubiquity grew quite quickly but in 1996, if we had a crystal ball that said it would take the best part of a decade to become an established way of doing business, I wonder whether we’d have given up. We didn’t know that the problem was trust and ubiquity until it was ...

      (Read Full Article)

      Mentions:   London

    24. What Users Want – Making People the First P in P2P: Part 1

      Explore zycus.com (May 8 2013)

      What Users Want – Making People the First P in P2P: Part 1

      Benchmarking from the Aberdeen Group’s 2010 “Effective e-Procurement” found that on average, 16% of all transactions that start in the e-Procurement system actually get completed outside the system. This implies that even though the users intended to use the e-procurement system, they eventually opted out and continued with their transaction elsewhere.  This brings us to the question, why do majority of the Procure to Pay initiatives fail when it comes to the metric of user adoption rate?


      (Read Full Article)

      Mentions:   Aberdeen Group

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