Contributed article by Rachel Griffiths, Business Process Consultant at Canon UK
In Europe’s challenging and competitive markets, it’s essential for businesses to investigate how they can boost cost effectiveness, process efficiency and improve stakeholder relationships. Whatever the current climate, it’s hugely beneficial to a company’s balance sheet to be efficient, responsive and lean.
Contributed article by Henner Schliebs, Head of Finance Audience Marketing, SAP
Machine learning is becoming a buzzword in nearly every industry today, and finance is no exception. As its applications and capabilities grow, machine learning is powering finance departments towards the next generation of digitalisation. Here are three ways finance professionals can embed machine learning to move up maturity in their financial management systems or go beyond the spreadsheet to uplevel their accounting and reporting capabilities to meet today’s business challenges.
Contributed article by Amabel Grant, Basware UK Managing Director and Chair of the UK National e-Invoicing Forum
Electronic invoicing (e-Invoicing) could save the public sector and its suppliers a minimum of £2 billion a year, according to the UK Government. Not only that, it can drive efficiency, increase visibility into cash flow, reduce fraud, open up new revenue opportunities, encourage prompt payment, and help boost growth across the supply chain by releasing cash into the wider economy. So with all these compelling benefits on offer, why is e-Invoicing adoption in the UK public sector still stalling?
Despite a period of relative stability over the last year, very low levels of economic growth, combined with concerns relating to a possible (and now confirmed) Brexit as well as the destabilising events across Europe, have meant that the background for most organisations has remained challenging. So during the first three months of this year we took an in-depth look at how this was affecting the UK’s purchase to pay departments, the challenges they faced and their strategies for the future.
