Here some common signs that you may have a problem with your Purchase to Pay processes:
Cash flow control & visibility issues due to unexpected costs
Manual and unreliable payables and supplier data, reporting and forecasts
Consistently not paying on time and incurring late payment fees or costs
Missing early payment discounts and claiming
No clear requisition process means unofficial procurements
Overwhelmed by supplier queries (direct & internal) as well as supplier disputes
Multiple suppliers for the same service or product
No centralise view, benchmarking or reporting on supplier performance
Invoices received without any authorisation or requisition
Duplicates and fraudulent invoices being paid
Unreliable suppliers that aren’t reviewed and get paid even when they don’t deliver
Unclear supplier contract terms or no review of them before transacting
AP team can’t handle peaks and troughs in payments
You can’t tell when you should pay a Purchase Order
Reconciling invoices to pay with Purchase order is manual
Delivery operation held up due to unreliable suppliers or missing elements
Constantly hitting credit limits and failing to pay suppliers on time
Invoices being received into the AP team via different routes and people
What’s your Purchase to Pay challenge and vision? – we offer Free of Charge data and process consultations to help you optimise, digitise and automate your Purchase to Pay operations and build your case for change. To find out more or to book a consultation, please call +44 (0)1962 835053, email enquiries@processflows.co.uk, or fill in the form below.
Thank you for your interest, we look forward to working with you.
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ProcessFlows transition to Konica Minolta – FAQ
/in News & Insights /by ProcessFlowsHere is a simple Frequently Asked Questions page to assist you regarding the transfer of ProcessFlows business activities to Konica Minolta Business Solutions (UK) Limited .