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By guest contributor: Henning Holter, Tungsten Network
You’re probably familiar with the butterfly effect. A butterfly flaps its wings, resulting in a chain of minor events that eventually leads to something major, like a hurricane. Everything is connected, and business is no different. Your business’ behaviour impacts both your customers and suppliers, just as your success is mutually dependent on theirs. That’s why supply chain management has long been recognised as a critical business function.
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For some time I’ve argued that what you call something doesn’t necessarily matter – it’s whether you get out of it what you expect, and what you need that’s important. Take making a cup of tea for example – I can put a pan on the hob and wait for the water to boil, or I can flick a switch on a kettle. Both processes are boiling water – one is just e-boiling... which process I follow depends on time, resources and a large helping of common sense.
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By guest contributor: Charles Bryant, European Affairs Adviser at Tungsten Corporation PLC
Given the profound benefits of e-Invoicing, it is remarkable that only a little over 8% of global invoices in 2014 were processed electronically, according to Billentis’ 2014 E-Invoicing / E-Billing report.
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In the days before the internet, AP departments dealt solely with paper and all transactions were manual – right? Well, not quite. In those days the new kid on the block was EDI (Electronic Data Interchange) which for the most part relied on VANs (Value Added Networks) to transmit data – such as purchase orders and invoices – between suppliers.
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By guest contributor, James Tucker - Snr Director, Ariba - an SAP Company
In recent decades, companies have devoted significant time and resources to improving the efficiency and effectiveness of their accounts payable (AP) organisation. And in the current economic environment where cash is king and companies are looking for any and all ways to free up and maximise it, many are stepping up their efforts. But what do they need to succeed?
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