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Welcome back to our series of Living Room Fireside Chats.

In these sessions, we will have an open conversation to help you navigate the process of implementing a new Invoice Automation solution alongside your Oracle ERP platform to enhance your P2P business processes.

Today, we're tackling a topic we struggled to define: the "We are special" mindset or the "We've always done it that way" mentality.

This often leads to resistance to change, whether it's avoiding discussions with procurement or refusing to alter practices due to various reasons. These attitudes can cause more issues than the actual implementation of a new solution. 

 

 

If you would like to have your questions answered? Simply book a call with one of our experts to see how we can assist you.

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When undertaking your review of your Accounts Payable and Invoice Automation processes here are some familiar scenarios we recommend you consider: 

 

item-styleMost people would likely agree that an organisation's approach is irrational, except for one insider defending tradition or uniqueness.

item-styleThese scenarios may amuse you as they mirror your organization's habits, but realistically, you're not unique unless you're a top-secret government entity.

item-styleOrganisations often encounter similar challenges and can benefit from exploring alternative methods. Change is possible and often advisable, but ultimately, it's a personal decision.

item-styleResistance to change is common, as people often think it's difficult, but maintaining outdated methods can be more problematic.

item-styleDepartments,  like property or facilities management, often claim their processes are unique, but in reality, they share common elements like suppliers, invoice numbers, PO numbers, descriptions, and amounts.

Enjoyed this episode, why not see the previous episode in the series

It's All About the RFP

It's All About the Project

 

No PO No Pay policy

 

Streamline Procurement

A No PO No Pay policy can streamline procurement processes

Procurement plays a vital role in a business's operations, as it involves obtaining the goods and services essential for its functioning. Effective procurement ensures that a company secures the necessary resources at the right time and cost, facilitating seamless operations and sustainable growth.

By managing procurement efficiently, a business can optimise its supply chain, cut costs, reduce risks, and uphold quality standards. It serves as the foundation of any successful organisation, directly impacting areas such as production, inventory management, customer satisfaction, and financial stability.

Straight Through Processing

Straight Through Processing

But what exactly is Straight Through Processing, and what does it entail? And is this the right question to ask?

We are frequently asked, what is your recognition rate, and how many invoices will process automatically?
Is this relevant, and what factors truly affect the ability to achieve this?
Straight-through processing means that when an invoice is received by an organisation, it is directly entered into their ERP platform for payment without any manual intervention. How is this accomplished?

Case Studies

 

Case Studies

Review our Customer Invoice Automation Case Studies

To explore our capabilities and track record through our customer accounts payable invoice automation case studies.

Showcasing how we have accelerated the processing of Supplier Invoices.

 

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Blogs - Our insights and experiences on invoice automation

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Our featured Blogs provide our experiences of the P2P and Accounts Payable processes