Finance Managers: Why is e-invoicing “a step too far”?

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Don’t answer that – it is a standard “no win” question. But unfortunately, it is also increasingly applicable to any finance department that is still processing paper invoices. The emotional challenge for finance people is that the paper invoice represents the critical source document for everything that is bought or sold and their entire career experience has been founded on the paper invoice being sacrosanct. So, it is not surprising that senior finance executives faced with the proposal of removing all the paper invoices use the term “a step too far”. So, what is the problem? The common reasons for the “step too […]

Budget Holder Management delivers the next generation of corporate financial management

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In almost every business there is a total financial disconnect between the finance professionals and the budget holders. Most competent budget holders utilise their own “homegrown” spreadsheets to manage their corporate budgets, project-related spend and “other” spend. The budget holders have their own spend analysis to justify and track spend that pertains to their departments. For example, a marketing spreadsheet will have a completely different set of spend analysis from IT’s spreadsheet. The level of analysis and the processes that surround it (e.g. the capturing of costs) will also reflect the diligence and aptitude of the individual budget holder and […]