Invu Blog

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

GDPR and the ethical use of data

ethical use of data

Wherever your customer data is held, there is a risk. Whether it’s financial risk such as bank details or confidential risk such as sensitive commercial or personal information, the cost of loss or a data breach can be high. Of course, regulations such as the Data Protection Act (DPA) already…

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The benefits of vendor portals

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How can organisations utilise vendor portals, a web-based vendor management solution, to drive productivity and customer satisfaction? What is a vendor portal? Vendor portals (also known as a supplier portal) are scalable, secure enterprise systems designed to manage procurement or processes by seamlessly connecting the buyer to the supplier through…

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Digital Transformation of the Purchasing Process

digital transformation

Digital Transformation doesn’t have to be a painful process. If you’re not going digital in your purchasing processes, then you’re being left behind. Why your purchasing process should go through a Digital Transformation A driver for Invoice automation in the UK is a “duty to report” introduced in the Small…

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Digital Mind-set: Hotel bookings and check out

hotel blog

People occasionally say things to me that echo around the digital void between my ears. This morning I checked out of a hotel and as per usual I intercepted the ritual of stapling the credit card slip (my records) to the VAT receipt (for company records). The receptionist told me,…

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Who pays the ferryman?

Who pays the ferryman?

Following the Autumn Statement impact on letting fees: Who pays the ferryman? Letting agents may be excused from feeling a bit like the mythical Greek character Charon, the ferryman of Hades who carries the souls of the newly deceased across the rivers Styx and Acheron that divided the world of…

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Addressing the Challenge of Financial Process Complacency

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Finance Directors and teams can be blamed for delaying payments but recent research suggests otherwise. The research – conducted by Invu of UK finance workers – suggests late payments are often a result of poor purchasing systems and processes, rather than a cash management decision based on visibility and control….

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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…

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The Invu 2015 Journey – What a year

2015

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,…

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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…

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The Invoice Pantomime: And how to end it

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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. 1# Invisible commitment: A purchase has occurred that the company did…

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Three things Housing Associations can do to reduce reliance on paper

Housing blog image

Housing Associations across the UK own around 2.7 million properties according to the Office of National Statistics. That’s a lot of paper! From property and maintenance records to confidential tenant information and supplier Purchase Orders, many housing associations have thousands of documents they have accumulated over the years. However, with…

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Research into the UK Purchase Order Process

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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. We set out…

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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 events are free-to-attend and provide the opportunity for us to update customers on the latest solutions, modules and developments to the Invu technology. The Invu Summer Roadshow begins its…

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Hide and Seek: Keeping Track of the Evil Purchase Order

POP Blog image

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…

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