Accounts payable can be extremely paper heavy. Hotels and similar businesses have a mass of information that has to be tracked, stored and managed, and much of it needs to be dealt with quickly and efficiently. On top of this, hotels often have a large number of departments, each with…
In today’s world, almost everything is digital. Photos, music, video, documents and others all have their own digital counterpart. Is OCR returning? For the modern business, complete digitalisation of the business and its assets is increasingly important if they are to remain competitive in the modern era. For firms with…
If you’ve been to any industry conference over the past 6-12 months, then there is a very high possibility that you’ve heard the phrase General Data Protection Regulation or GDPR. If you haven’t heard of GDPR by now, then it’s time to pull your head out of the sand and…
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…
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…
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…
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,…
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…
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….
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…
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,…
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…
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…
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…