Welcome!

News Feed Item

5th Annual 'Purchase-to-Pay Automation' 2014 European Survey

FARNHAM, England, March 6, 2014 /PRNewswire/ --

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

  • P2P automation is an ever-growing practice within AP departments, confirmed by 75.5% of all survey respondents that reported they have implemented one or more solutions for their AP processes. This is a 15% increase from 2012.
  • Respondents within this 75.5%, outlined three main advantages of having an automation solution in place; a reduction in administrative costs, a reduction in processing times, and a general improvement in the management of the entire purchase-to-pay process (from creation of the purchase request to payment of the invoice).
  • The rate of growth for P2P projects is consistent across all countries, with 58% of respondents reportedly having a P2P project for their AP process. Given the already high implementation rate, these projects often involve the addition of new applications (e.g. the collaborative supplier portal) or new roll-outs.
  • In this current era, globalisation is increasing, leading towards the globalisation of new P2P projects. This globalisation operates on two levels; a functional scope (all of the Purchase-to-Pay chain is now taken into account) and a geographical scope (1/3 of all projects underway or planned will be rolled out in respondents' international subsidiaries).
  • Financial and Accounting departments need "flexible" solutions that are capable of adapting to frequent organisational and IT changes. 43.5% of respondents say that the reorganisation of their accounts payable department is "likely" or "being considered". At the same time, the accounting IT system is heterogeneous (15% of companies are multi-ERP) and can change quickly; 29% of respondents indicate they have changed at least once during the past three years.
  • In fact flexibility i.e. "multi-ERP integration" and the "business-line management tool" are reported as the two new key principles when choosing a P2P solution. On average, 82% of respondents maintain that it is 'fairly' or 'very' important to choose a platform that is capable of carrying out multiple, diverse applications as well as adapting to fast organisational changes.
  • And 84% of respondents also choose according to the capacity of the P2P solution to automatically generate management indicators to monitor the whole chain, regardless of the existing or future IT systems and organisational methods.
  • The onset of new practices: the supplier portal

The UK is the precursor in this area; nearly 25% of organisations in the UK have implemented a supplier portal, compared to just 14.5% in France. This emerging practice is expected to gradually grow, with 17.6% of projects reported for France, 27% for the UK and almost 19.3% on average for the all countries covered by the study.

  • ... and mobile applications

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

About the 2014 'Purchase-to-Pay Automation' European Survey, Accounts Payable News, Fujitsu, ITESOFT, Mazars and Shared Services Link

The survey was designed by a panel of experts* and conducted during the months of June, July and August 2013 (in the form of an online questionnaire) among a broad target group of decision makers, ranging from Accounting and Finance departments. 353 respondents representing 325 public and private organisations answered the questionnaire in full.

* Members of the panel of experts:
Catherine Bergaud, Partner, Accounting and Finance support, Head of Outsourcing - MAZARS
Antoine de Noyer, Director Transformation Finance - Carlson Wagonlit Travel
David Dogimont, Senior Manager Accounting and Finance Support - Mazars
Jean-Louis Douyere, Head of Accounting department - Bull
Veronique Giraudon, Group CFO - Betclic
Marc Henri Gouzien, Site Controller - Agco
Yann Guyomar, Senior Manager Consulting - Mazars
François Lacas, Marketing and Communications Operations Director - ITESOFT
Laurent Olier, Director of Marketing Project - ITESOFT

About ITESOFT - http://www.itesoft.co.uk

ITESOFT is an international software vendor of multichannel document capture and process automation solutions aimed at accelerating, streamlining, and securing document-centric business processes. Leveraging its specialized R&D labs and research programs, the performance and innovation of ITESOFT's solutions have helped the company gain the status of an internationally recognized leader beyond its number 1 market position in France.

ITESOFT deploys its solutions to automate critical business processes for over 1,000 clients in large- to mid-sized organizations and SMEs in 29 countries, handling more than a billion documents every year across business sectors.

Founded in 1984, ITESOFT has offices in Germany, the United Kingdom, and France, serving western European markets (Germany, Belgium, Luxembourg, Switzerland, the United Kingdom, and France), as well northern Africa and the United States. With a staff of 196 people, the company generated consolidated revenue of 21.6 M€ in 2013. ITESOFT has been listed on the Euronext Paris stock exchange since February 2001.

ITESOFT's two-fold go-to-market strategy:

  • Selling "on premise" solutions (the company's ITESOFT FreeMind activity) including software licenses and associated professional services to implement automated document capture and processing projects, both for large organizations and intermediate-sized companies.
  • Providing automated supplier invoice capture and processing as an SaaS (software as a service) solution through Yooz, ITESOFT's independent business unit serving SMEs, associations, certified accountants, and local government organizations.

Value proposition:

ITESOFT's solutions measurably and significantly increase the efficiency of document-centric business processes, both paper and electronic, such as Purchase-to-Pay, Order-to-Cash, customer case handling, and more, by increasing productivity and reducing costs while ensuring end-to-end process reliability and traceability. These solutions provide managers with the decision-making tools they need to monitor and control their processes, including supplier scoring, KPI monitoring, and reporting.

PRESS RELATIONS

ITESOFT
James McHarg
Phone: +44-1252-741-500
[email protected]

 

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Infoblox delivers Actionable Network Intelligence to enterprise, government, and service provider customers around the world. They are the industry leader in DNS, DHCP, and IP address management, the category known as DDI. We empower thousands of organizations to control and secure their networks from the core-enabling them to increase efficiency and visibility, improve customer service, and meet compliance requirements.
In his session at 21st Cloud Expo, Michael Burley, a Senior Business Development Executive in IT Services at NetApp, will describe how NetApp designed a three-year program of work to migrate 25PB of a major telco's enterprise data to a new STaaS platform, and then secured a long-term contract to manage and operate the platform. This significant program blended the best of NetApp’s solutions and services capabilities to enable this telco’s successful adoption of private cloud storage and launchi...
SYS-CON Events announced today that IBM has been named “Diamond Sponsor” of SYS-CON's 21st Cloud Expo, which will take place on October 31 through November 2nd 2017 at the Santa Clara Convention Center in Santa Clara, California.
Data scientists must access high-performance computing resources across a wide-area network. To achieve cloud-based HPC visualization, researchers must transfer datasets and visualization results efficiently. HPC clusters now compute GPU-accelerated visualization in the cloud cluster. To efficiently display results remotely, a high-performance, low-latency protocol transfers the display from the cluster to a remote desktop. Further, tools to easily mount remote datasets and efficiently transfer...
Cloud Expo, Inc. has announced today that Andi Mann and Aruna Ravichandran have been named Co-Chairs of @DevOpsSummit at Cloud Expo Silicon Valley which will take place Oct. 31-Nov. 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. "DevOps is at the intersection of technology and business-optimizing tools, organizations and processes to bring measurable improvements in productivity and profitability," said Aruna Ravichandran, vice president, DevOps product and solutions marketing...
Join IBM November 1 at 21st Cloud Expo at the Santa Clara Convention Center in Santa Clara, CA, and learn how IBM Watson can bring cognitive services and AI to intelligent, unmanned systems. Cognitive analysis impacts today’s systems with unparalleled ability that were previously available only to manned, back-end operations. Thanks to cloud processing, IBM Watson can bring cognitive services and AI to intelligent, unmanned systems. Imagine a robot vacuum that becomes your personal assistant tha...
In a recent survey, Sumo Logic surveyed 1,500 customers who employ cloud services such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP). According to the survey, a quarter of the respondents have already deployed Docker containers and nearly as many (23 percent) are employing the AWS Lambda serverless computing framework. It’s clear: serverless is here to stay. The adoption does come with some needed changes, within both application development and operations. Tha...
In his Opening Keynote at 21st Cloud Expo, John Considine, General Manager of IBM Cloud Infrastructure, will lead you through the exciting evolution of the cloud. He'll look at this major disruption from the perspective of technology, business models, and what this means for enterprises of all sizes. John Considine is General Manager of Cloud Infrastructure Services at IBM. In that role he is responsible for leading IBM’s public cloud infrastructure including strategy, development, and offering ...
SYS-CON Events announced today that Avere Systems, a leading provider of enterprise storage for the hybrid cloud, will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Avere delivers a more modern architectural approach to storage that doesn't require the overprovisioning of storage capacity to achieve performance, overspending on expensive storage media for inactive data or the overbui...
In his general session at 21st Cloud Expo, Greg Dumas, Calligo’s Vice President and G.M. of US operations, will go over the new Global Data Protection Regulation and how Calligo can help business stay compliant in digitally globalized world. Greg Dumas is Calligo's Vice President and G.M. of US operations. Calligo is an established service provider that provides an innovative platform for trusted cloud solutions. Calligo’s customers are typically most concerned about GDPR compliance, applicatio...
Widespread fragmentation is stalling the growth of the IIoT and making it difficult for partners to work together. The number of software platforms, apps, hardware and connectivity standards is creating paralysis among businesses that are afraid of being locked into a solution. EdgeX Foundry is unifying the community around a common IoT edge framework and an ecosystem of interoperable components.
SYS-CON Events announced today that N3N will exhibit at SYS-CON's @ThingsExpo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. N3N’s solutions increase the effectiveness of operations and control centers, increase the value of IoT investments, and facilitate real-time operational decision making. N3N enables operations teams with a four dimensional digital “big board” that consolidates real-time live video feeds alongside IoT sensor data a...
SYS-CON Events announced today that TidalScale will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. TidalScale is the leading provider of Software-Defined Servers that bring flexibility to modern data centers by right-sizing servers on the fly to fit any data set or workload. TidalScale’s award-winning inverse hypervisor technology combines multiple commodity servers (including their ass...
As hybrid cloud becomes the de-facto standard mode of operation for most enterprises, new challenges arise on how to efficiently and economically share data across environments. In his session at 21st Cloud Expo, Dr. Allon Cohen, VP of Product at Elastifile, will explore new techniques and best practices that help enterprise IT benefit from the advantages of hybrid cloud environments by enabling data availability for both legacy enterprise and cloud-native mission critical applications. By rev...
Companies are harnessing data in ways we once associated with science fiction. Analysts have access to a plethora of visualization and reporting tools, but considering the vast amount of data businesses collect and limitations of CPUs, end users are forced to design their structures and systems with limitations. Until now. As the cloud toolkit to analyze data has evolved, GPUs have stepped in to massively parallel SQL, visualization and machine learning.