Verian BLOG
6 Insider Tips for Getting a Purchasing System off the Ground
A best-in-class company shares how to successfully implement purchasing automation
April 19th, 2013 | No Comments
What’s the difference between organizations that achieve visibility, control, and savings by successfully implementing purchasing automation, and those companies that struggle to get their systems off the ground? Here are 6 insider tips gleaned from a recent interview with a best-in-class company that implemented a purchasing system 3 years ago that’s helping them profitably manage [...]
Read the rest of this entry »Can EDI Save Your Company Time and Money?
EDI is secure, compact, accurate, highly efficient, and best of all, paperless.
April 16th, 2013 | No Comments
Everyone’s looking to save money these days, right? Is it possible there could be savings for your business hidden in the way you’re exchanging data? With today’s technology, there are numerous ways of data exchange. Some are industry standards, such as EDI, XML, and cXML. There are also many others that are proprietary to individual [...]
Read the rest of this entry »Mobile Apps Make Tracking Crazy Expenses Much Easier
Using mobile approval apps provides quicker visibility, swifter action, and more controls
March 26th, 2013 | No Comments
Sometimes employees try to expense some crazy things. Check out The Craziest Things Employees Tried to Expense Last Year on Bloomberg Business Week. Isn’t that incredible? So which is scarier – that employees tried to expense things like a goat, a baby giraffe, and laser tattoo removal, or the possibility that crazy expenses like these [...]
Read the rest of this entry »7 Reasons SaaS is the Right Platform for Purchase to Pay Systems
March 19th, 2013 | No Comments
As seen in a guest post on Spend Matters Typically, on-premises ERP has been the engine that runs internal business processes, including those related to spend visibility and cost management. Although, not without a growing list of challenges. A recent Gartner study found that many companies are “tired of the long installations of ERP and [...]
Read the rest of this entry »Only Control over Purchasing Patterns Produces Consistent Savings
Every wonder why some companies have the same discussions about spending cuts every year?
March 5th, 2013 | No Comments
Have you ever noticed how much talk there is about spending cuts, and how little there is about driving consistent savings by getting better control over purchasing patterns? That’s always puzzled me. If you’re like most folks, you’ve probably been in more budgeting meetings than you care to count. Isn’t it interesting how much of [...]
Read the rest of this entry »Why Purchase to Pay Automation is the Right Strategy
Gain an advantage over your competitors with better control and visibility of your spending
March 1st, 2013 | No Comments
If purchasing and accounts payable (AP) processes in your organization feel inefficient and are reliant on paper, purchase to pay automation is the right strategy to help you gain better financial control and visibility. Better Control Since automated purchase to pay (P2P) systems automate all types of spending, including purchase order (PO) and non-PO spending, [...]
Read the rest of this entry »How P2P Systems Improve Your Efficiency and Cash Flow
Efficiency gains from P2P systems can have a substantial financial impact
February 27th, 2013 | No Comments
Purchase-to-pay (P2P) systems aren’t an instant panacea—they don’t automatically result in dramatic cost savings. It takes smart change management—combined with necessary process improvements and supplier consolidation—for P2P systems to live up to their full potential. But when P2P systems are properly implemented and integrated within an enterprise, the positive effects on staff efficiency can have [...]
Read the rest of this entry »Transformation promises of P2P systems and fad diets
February 20th, 2013 | No Comments
As seen on Spend Matters Beware of fad diets and P2P systems that promise total transformation by following a painless plan. The Federal Trade Commission found that 55% of all weight loss claims suffer from “strained credibility”. The fad diets formula is predictable. Dieters shift their food intake to a mix of fat, carbs and [...]
Read the rest of this entry »A Quick Primer on Managed vs. Unmanaged Spend
Get control of your bottom line by understanding and acting on the differences
February 18th, 2013 | No Comments
The definitions are simple. Any demand for goods and services that management wants directed toward preferred suppliers is considered managed spend. Demand for goods and services that are left up to individual discretion is considered unmanaged spend. Cost conscious enterprises convert unmanaged to managed spend in order to get better value from suppliers. These companies [...]
Read the rest of this entry »How to Get Early Pay Discounts with Enhanced E-Invoice Exception Handling
Making it much easier and much faster to process e-invoice exceptions
February 13th, 2013 | No Comments
Myth: Automated electronic invoice (e-invoice) processing enables straight through processing of invoices without any manual intervention. Reality: Invoice information generated out of a vendor’s system often does not match the information available in the receiving system that processes the e-invoice. When e- invoices are submitted for processing it is actually very rare that all information [...]
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