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Lost In Transaction
- A Basware Research Report for Accounts Payable (July 2010)
New global study reveals Accounts Payable teams are missing early payment discounts, incurring late payment fees and reneging on payment altogether – largely due to human error. The report highlights the ‘distance left to run’ in achieving the vision of a modern and efficient AP department. 44% of respondents believe that e-invoices will fully replace manual paper-based invoice handling in the next 5 years. With so many still relying on manual, paper-based processes, much work needs to be done.
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Cost of Control 2010 - Where's the Money?
By Dr. Markus Maedler and Dr. Steve Jones
IESE Business School and Indiana University, Kelley School of Business(June 2010)
Poor visibility of key financial information is undermining CFO's confidence in company performance. The second annual global study, The Cost of Control 2010 provides insight into the opinions and priorities of 550 finance executives around the world. This year’s report highlights how poor visibility of key financial information is undermining CFOs’ confidence in their departmental and company performance, ultimately leaving doubts around profitability. Constrained by this limited visibility, businesses are struggling to make informed decisions and effectively forecast and manage costs.
The Cost of Control research series features insight from CFOs and financial directors in large organizations from the USA, UK, Scandinavia, Germany, Benelux, France and Australia. Previous installments to research series were published in June 2009 and November 2009.
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A PayStream Advisors Survey (Q2 2010):Invoice Automation Benchmarking Report
A significant shift is beginning to shake the traditional corporate invoice and payment management paradigm. Innovative organizations are seeing tremendous potential around invoice automation - not just cost containment and productivity enhancement, but also spend management and working capital improvements.
In this report, the analysts at PayStream Advisors have attempted to profile the use of electronic invoicing, imaging and data extraction and automated workflow solutions at US based enterprises. The analysis in this report is based on survey results and more than seven years of research findings.
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Forrester Research:Finance And Procurement Work Together To Achieve AP Invoice Processing Excellence
The best accounts payable (A/P) departments are 50 times as productive as the lest afficient.
A recent Forrester survey reveals that integrating fully automated e-invoicing with eProcurement actually doubles companies chances of achieving A/P invoice processing excellence.
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Aberdeen:The 3-Part Balancing Act of Cash Management: Optimizing the Financial Value Chain
This Aberdeen study discusses the steps that Best-in-Class companies are taking to streamline and accelerate finance business processes, reduce operating costs, manage risk, and ensure compliance while improving visibility, control, and efficiency, and providing a foundation for increased profits.
• Best-in-Class companies have reduced Days Sales Outstanding to 21 days - 32 days shorter than their peers
• Best-in-Class companies experience a cash forecast accuracy of 84%, which is 35% higher than their peers
• Best-in-Class companies have a 61% lower Days Sales Outstanding
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The Cost of Control research
IESE Business School (Europe) and the Kelley School of Business (USA)
Supply chains form the backbone of many businesses today, and lots of the high profile business failures in recent months can be, at least in part, attributed to financial fractures within the supply chain. An unrelenting focus on cost cutting and uneasy relationships between finance and procurement professionals further combine to create an environment where supply chain risks, if left unchecked, can threaten company stability.
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E-Payables: A/P Rising report September 2009
Andrew Bartolini
In the summer of 2008, Accounts Payable (A/P) as a function and process appeared to be on the cusp of a broad-reaching transformation. Interest in and budgets for A/P were on the rise; the marketplace was ready for change. Instead, there has been more of the same; the arc of A/P’s trajectory has been diverted by the global credit crisis. In response to the ongoing economic challenges, many enterprises reprioritized initiatives away from A/P transformation projects in 2009. But, with cost containment and cash management still at the top of the executive agenda, accounts payable professionals find themselves more-closely aligned with senior leadership than at any time in recent memory. And leading A/P departments are prepared to deliver in 2010. In point of fact, these leaders are rising: specifically, rising to support executive goals, rising to new levels of performance, and rising in significance within the enterprise. A/P will rise in 2010.
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E-Payables: Invoice Receipt and Workflow: Cut Invoice-Processing Costs and Time by Over 90%...Now
Christopher Dwyer, Andrew Bartolini
The accounts payable function has risen to prominence in recent years as a back-office after-thought that can be transformed into a useful cash management mechanism. However, recent Aberdeen research has found that the majority of enterprises are still employing manual methods of invoice-processing, which has inflated both processing costs and cycle times. The E-Payables: Invoice Receipt and Workflow benchmark study, encompassing the intentions and strategies of over 130 enterprises, found that 75% of organizations are currently mired in a manual and paper-based rut in managing the initial phase of the accounts payable process.
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PayStream Advisors: Healthcare ePayables. A Buyer's Guide to Paperless AP in the Healthcare Industry, Q2 2009
PayStream Advisors’ research indicates invoice and payment automation solutions that automate manual tasks, reduce errors, and accelerate the invoice receipt-to-pay cycle are gaining popularity. PayStream Advisors uses the term ‘healthcare ePayables’ to define these solutions. This independent research report provides an overview of the solutions available today and the benefits they deliver. Administrators, materials managers, AP managers, and C-level executives of medium to large hospitals and integrated delivery networks (IDNs) will find it helpful in evaluating solutions that reduce costs and enhance performance.
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Billentis: E-Invoicing / E-Billing in Europe
Bruno Koch, February 2009
An independent market study about the E-invoicing market in Europe. The market report presents business cases for e-invoicing for different sizes of organizations as well as an example project plan of how to run an e-invoicing project. Read also about the different operational models for e-invoice providers, such as inter-operability between different service providers.
“In early 2008, the SME’s expressed e-invoicing as a ”nice-to-have” option, whereas larger businesses describe it as a mandatory requirement for future business relationships. Due to increased cost pressures and competition in coming years, the “nice-to-have” option will in most cases become a mandatory requirement with a short deadline for reaction and implementation.” Billentis, 2009
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The Forrester Wave™: AP-EIPP, Q2 2008
Basware Emerges as a Market Leader in Independent Report on the Electronic Invoice Presentment and Payment Market
Basware Corporation, a leading provider of Enterprise Purchase to Pay solutions, was among the select companies that Forrester invited to participate in its June 18, 2008 Forrester Wave™: Accounts Payable EIPP, Q2 2008 report. Basware is evaluated number 1 in all three of the report's dimensions: Strategy, Current Offering and Market Presence. Basware was stated to have "the largest market presence, excellent functionality, and a strong vision".
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Electronic Procurement - Automation Options for your Purchasing Processes
PayStream Advisors, Q4 2007
This report on eProcurement is for innovative and forward-thinking organizations that have an active interest in pursuing and adopting eProcurement solutions but need help identifying appropriate strategies, vendors and solutions. Basware is evaluated among other leading vendors for its Procurement offering.
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Electronic Procurement Management - evaluation of Basware's e-Procurement Solution
PayStream Advisors, Q4 2007
This Basware-specific report evaluates the Basware e-Procurement solution in detail.
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