Blog

Research into the UK Purchase Order Process

CEt5J2ZWAAA7D9RTo support the release of our Purchase Order Processing (POP) solution we have researched the UK SME industry to better understand the challenges and pain points facing financial controllers. Performed by independent research house, RedShift Research, our report addresses the fragmented approach UK SMEs have to POP.

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Invu Summer Roadshow – London, Birmingham, Manchester.

Roadshow blog imageAs summer approaches we are hitting the road with three customer events in London, Birmingham and Manchester. The Invu Summer Roadshow event's are free-to-attend and provide the opportunity for us to update customers on the latest solutions, modules and developments to the Invu technology.

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Hide and Seek: Keeping Track of the Evil Purchase Order

 

POP Blog imageIt is a battle any financial worker will understand - knowing where a Purchase Order is within the Purchase Order Process (POP) and validating all elements required are completed has been giving financial workers a headache for many years. Invu recently commissioned some research into the area of POP, asking 200 financial workers in SMEs located in the UK what challenges they faced.

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Purchase Order Processing: A snapshot into our industry survey

Purchasing survey blog image finalThe purchase order system is broken. A bold statement perhaps, but one that we agreed summed up the situation in many small to medium sized businesses (SMBs). However this was merely our interpretation of the market based on our day-to-day experience, we had nothing to support this notion. To investigate our belief in more depth, we embarked on a piece of independent industry analysis that involved surveying 200 UK finance professionals working in SMBs.

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Invu exhibiting at the Housing Finance Conference and Exhibition

housing finance warwickWe will be attending the Housing Finance Conference and Exhibition at the University of Warwick tomorrow, Wednesday 18 March. The yearly event is for finance professionals in the social housing sector and sees over 1,000 business minds meet for topical debates, to share best practices and learn about the latest products to take back to the office and future proof their organisations.

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eWorld – Crossing the Purchase Order Process Chasm

POP Blog image

The team at Invu recently attended eWorld Procurement & Supply, the Leading Bi-Annual Event for Procurement Innovation, on the 3rd March to discuss the latest trends in the procurement world.

Stuart Evans, CTO of Invu, started off the morning with a presentation titled ‘Crossing the Purchase Process Chasm’ where he got down to the nitty-gritty of systematizing the Purchase Process, including the challenges that many companies face in making that leap.

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eWorld

purchasing blogWe will be attending eWorld at London's QEII Conference Centre today, Tuesday 03 March. The biannual event on procurement and supply provides unique insight into the latest innovations and technologies for supply chain, senior procurement and finance executives.

Our very own CTO, Stuart Evans will be speaking from the Fleet Room at 10:20am to discuss – 'Crossing the Purchase Process Chasm: The Key Elements to a Successful Implementation'. During his session, Stuart will be discussing how moving your business to a requisition/order driven process is a step most SMEs want to make do but never do or fail trying. Stuart will discuss how companies can both enable staff and create an efficient, well controlled purchasing process for business.

Invu will be exhibiting at the show with its partner ABBYY Europe and will also launch its new Purchase Order Processing (Invu Purchasing) technology at the event. 

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Time for a paper-lite approach?

Drowning in paperPaper has become an inevitable part of almost every business. From invoices to memos, orders to applications, each business will have at least one, if not more, paper based process.


Whilst these processes may appear to be a streamlined and efficient way of working, after all you have probably been working this way since you can remember, what about when you look closer at each process? How efficient are they really?

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The Purchase Process- Is it broken?

Report Image POPOur Chief Technology Officer, Stuart Evans, discusses the importance of Purchase Order Processing in SMEs as new research conducted by independent research house, Redshift Research reveals that almost a quarter of UK finance professionals (24%) say their current purchasing processes need fixing as a matter of priority.

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How to avoid your FD becoming the company Scrooge in the New Year

Bah-HumbugA hangover is not the only thing you might be suffering from after the Christmas festivities and as the New Year gets under way many FDs will be tightening their purse strings. Money headaches are a risk you take with the December outgoings but how do you get over spending so much money in one month; Invu's CTO, Stuart Evans explains.

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Are you operating honestly and effectively?

are-you-operating-honestly-and-effectivelyThe need to reduce business risk has taken centre stage over the past few years. From financial losses to damaged reputation and corporate failure, there is a growing awareness that unforeseen market forces represent an escalating threat to business.

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Invu User Conference, August 2014

invu-user-conferenceOur recent North West User Conference held at DTE House in Bury on Tuesday 05 August, was hailed a success by all those who attended. Existing customers and prospects were treated to a lively presentation from Invu Consultant, Peter Emmonds, discussing the digitisation of the paper process and the benefits of in-house scanning vs outsourcing.

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Information exchange and business risk

information-exchange-business-riskBusiness cards: Social act leading to retention drama?

I recently received an email request, sent to all of our employees, asking whether anyone required business cards. It struck me that it's ironic, in this social media age, that the survival of the business card may ultimately have more to do with social convention than it does with the capture and use of the contact data on the business card.

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Don’t act like Sheldon Cooper when implementing business process automation

sheldon-cooperSheldon Cooper, the fictional character in the television series the Big Bang Theory, is a genius with very little emotional intelligence. Business process automation may be perceived as taking some steps into Sheldon's logic driven world, where the selection of the tools (hardware and software) alone would be the key to success. However, in the real world the success of your business process automation project is totally dependent on the people involved in the project.

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  1. Food for thought…