Channels -> ISV
Released: 6th March 2014
ITESOFT and Mazars have once again collaborated to deliver the 5th edition of the annual “Purchase-to-Pay Automation” survey, in partnership with Accounts Payable News, Shared Services Link and Fujitsu. This European-wide finance poll is a widely regarded benchmark for accounting and finance professionals working in mid-to-large sized organisations within the public and private sector. This comprehensive report identifies emerging industry trends and the key factors for a successful Purchase-to-Pay (P2P) process, comparing different P2P practices across UK, Belgium, France, Germany and Switzerland.
Multi-ERP integration, financial & accounting management tools, supplier collaboration and mobile applications have been reported as the four new emerging trends within the purchase-to-pay automation arena.
The main findings of this 2014 edition
To improve flexibility and responsiveness, and keep in line with “DAF 3.0”, 30% of Finance and Accounting departments are already using smartphones and tablets to authorise management of the business line in real time. In 23% of cases they use them to consult documents and 19% for their collaborative process (validating a procurement request or an invoice).
The full results of the 2014 ‘Purchase-to-Pay Automation’ Finance Survey are available for download here
Published by: electronicdawn Ltd.