Invu Blog

Stay up-to-date with the latest news in automated solutions

Late payments endanger innovation and company survival

late payment

Spend control is all important to a company's bottom line and can be the difference between a profit and a loss but all SME's know you cannot pay your wages bill with profit. Cash as they say is king.

The availability of cash in a business is all about working capital management and a key element is getting your customers to pay you on time. So what is so hard about that? Surely if you do a good job, provide excellent goods and services, you'll get paid on time. There is more to it. Getting paid on time relies on back office processes you can control, your own billing process, and processes you can't control, your customers ordering, receiving, invoice processing and payments process.

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The Invu 2015 Journey - What a year


2015 is fast coming to a close and over a cup of tea and minced pie, we decided to take a look back on the year.

We personally feel as though the last year has been jam-packed, with one highlight being our Invu User Conference in November. Aside from that, growth in team members, R&D with the new update 6.10 and a string of industry events have kept the team busy throughout the last 12 months.

Here we have rounded up our top highlights of the year.

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Are you experiencing Christmas Chaos? Retailers’ requirement for supply chain management

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Retailers are still recovering from the biggest Black Friday and Cyber Monday to date in the UK – £3.3bn spent over the weekend – but after witnessing an ‘end of days’ frenzy at many bricks and mortar shops, consumers this year hit the virtual high street and instead opted to buy online. The focus now shifts to the supply chain to fulfil the orders.

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The Invoice Pantomime: And how to end it

Panto Image

When implementing invoice automation processes at many mid-sized businesses, you can often witness a 'pantomime' effect taking place! Invoicing is in a rather muddled state. "Oh no it's not!" you might shout. "Oh yes it is! is my response.

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Research into the UK Purchase Order Process


To 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.

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As 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

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It 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

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The 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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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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purchasing blog

We 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 paper

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


A 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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