How to get management “buy-in” for purchase invoice and order automation

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Ever wonder why is Finance always at the back of the queue for investment? The one common characteristic of every finance team is that it is always crazy busy. This is exacerbated each month-end in the scramble to get everything processed to produce the month-end accounts, management information pack, and quarterly VAT returns as well as the annual pain of year-end and the subsequent audit. Most finance departments are becoming increasingly frustrated by their inability to evolve and adopt better methodologies simply because there are always “more important” projects for the corporate cash and available resources. Unfortunately, it is equally […]

The best way to cut your PO approval time

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When I first joined Compleat, I discovered that some products dedicated to automating the purchase process were tackling problems I had never dealt with in my career as a marketer, but not CompleatOrder. That one hit home. Here at Compleat, we organise quite a few events every year: In 2016, we exhibited at Charity Finance Summit, the Business Show, and FinTech Connect Live. For each event, I had to deal with many different suppliers, some offering the same products, and some others providing services we could purchase from other suppliers we already had done business with. How could I stay […]

This is the way all executives want to manage their budgets

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How would you like to be able to work like this? You are electronically notified of a supplier’s invoice arrival waiting for you to approve it; you review it in detail (by looking at it on whatever device you choose), then simply “click or tap” to either approve or deny the invoice. If you are the final approver, the invoice is immediately posted directly to your accounting system, ready for timely payment. But it does not end there. You also have real-time dashboards and comprehensive reports about every supplier, how much you spend with them, what the expense was for […]

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 […]