http://www.paystreamvoices.com The online community for financial operations technology & automation Fri, 05 Mar 2010 21:35:15 +0000 http://backend.userland.com/rss092 en Hype to hope to disappointment and finally acceptance and adoption – electronic procurement has experienced an extremely interesting lifecycle. During the early 2000s when it was fashionable to add the word “electronic” to every initiative, procurement automation appeared on a number of corporate agendas. A plethora of electronic procurement solutions ... http://www.paystreamvoices.com/2010/03/05/renaissance-of-electronic-procurement-new-hope-after-the-hype/ One of the major barriers hindering electronic invoicing initiatives is gaining supplier adoption. Persuading suppliers to change their processes to align with buyer’s needs is a costly and time-consuming process, and success depends largely on the buyers’ ability to present a compelling value proposition to suppliers.One option that organizations are ... http://www.paystreamvoices.com/2010/02/22/outsourcing-goes-hand-in-hand-with-electronic-invoicing/ So you want to move to invoice automation – imaging, workflow, or even electronic invoicing. Problem is, your CFO, Controller, AP Manager, or IT staff hasn’t bought in. You’ve got a plan, but don’t have the buy-in to start.  So what is the surefire way get your project approved?PayStream has developed ... http://www.paystreamvoices.com/2010/02/17/jumpstart-your-ap-automation-project/ With so many sophisticated invoice and payment management solutions and services available in the marketplace today, why aren’t companies making headway in better managing their AP processes? Why aren’t more companies able to remove paper from their organizations, decrease processing costs and increase discount capture? PayStream Advisors conducted its “eInvoicing ... http://www.paystreamvoices.com/2010/01/20/electronic-invoicing-the-secret-sauce-that-makes-the-recipe-a-hit/ The Big Three ePayables Opportunities for 20102009 proved that one thing is clear about accounts payable -- the future of AP rests with technology. Why?Companies are looking to their operating departments to cut costs, and they see that with the right automation tools, AP can dramatically lower invoice processing costs, ... http://www.paystreamvoices.com/2009/12/30/the-future-of-ap-automation-in-a-digital-world/ Technological advances have shrunk our world into a single, global marketplace. Tools like the Internet, email, video conferencing etc. have made it easy for organizations to connect with their customers and suppliers, whether they are across the street or across the ocean. However, these same factors that are responsible for ... http://www.paystreamvoices.com/2009/12/01/te-expense-management-automation-gets-a-boost-from-the-recession-and-the-resulting-need-for-cost-containment/ Of the two opening sessions on the first day of PayStream ePayables Summit ’09, I chose to attend “Implementing e-Invoicing to Drive Continuous Process Improvement” from Motorola by Michael Riggins.  As a consultant, I had strong penchant to comprehend and improve business processes on the front end of P2P operations ... http://www.paystreamvoices.com/2009/11/09/summit-insights-to-motorolas-einvoicing-success/ Sometimes an invoice arrives in very remote places. One of the best examples is remote oil rigs, where paper invoices come with the delivery of goods which represent a few documents per day, typically less than five. In order to be incorporated in the central AP office the document must ... http://www.paystreamvoices.com/2009/10/27/automation-of-distributed-invoices-fujitsu%e2%80%99s-new-invoice-capture-software/ Recently Kofax acquired privately owned 170 System.  This will allow Kofax to offer a complete invoice processing system from invoice capture all the way into to the accounting system.  The move makes a lot of sense.  When automating their invoice processing solution the AP users first must think about their ... http://www.paystreamvoices.com/2009/10/19/kofax-moves-toward-an-integrated-invoice-processing-offering/ The Children’s Place Retail Stores, Inc, ConAgra Foods, Motorola, and Pilot Travel Centers,  were all honored for excellence in accounts payable automation by research and consulting firm, PayStream Advisors, last month at the annual PayStream ePayables Summit held in Charlotte, NC. The Children’s Place Retail Stores The Children’s Place Retail Stores award ... http://www.paystreamvoices.com/2009/10/13/2009-ap-automation-paystream-summit-excellence-award-winners/