It is indeed fascinating how much time and effort is spent on capturing and analyzing data in basically any organization – public and private. We want to be able to make reasonably informed decisions backed by real-time information. Most often these discussions tend to be sales oriented and that is of course wise. To what extent can it be made sure that sales and operation planning is according to an as true estimation as can possibly be!
And at the same time the “back bone” of any organization, from source to pay, is handled in a disruptive and partly manual way. How much does each spent euro cost in total? How much control is there over the transactions being sent to and from thousands of suppliers? In what ways are each euro used to ensure maximum profit for the organization?
There has been a lot of talk about e-invoicing, probably because it provides a vision of less costly administration set ups. Yet huge amounts of data is processed through scanning, a lot of purchases are made without purchase order numbers and the amount of suppliers being added to an average organizations ERP system is monumental. And that’s without even mentioning how most organizations send their invoices…
Take a while to consider the balance between sales oriented projects most often made true and then think about the hidden gold that lies in optimized processes and transactions where each euro goes straight to bottom line. Yes, it might be painful, yes it takes some change management and yes it takes breaking down silos – but isn’t it worth it?
Below is an interview with Jonas Edlund from Pagero who is joining us at S2P Summit 2014 come end of March 2014. Look beyond the obvious and think about what can be made possible if we look at source-to-pay process optimization in the same manner as we do with production, sales and marketing processes.