Comments on: The Future of Procure-to-Pay – eProcurement (Part 1) https://cporising.com/2010/10/01/the-future-of-procure-to-pay-eprocurement-part-1/?utm_source=rss&utm_medium=rss&utm_campaign=the-future-of-procure-to-pay-eprocurement-part-1 Analyst-led research and intelligence for the procurement community. Sat, 13 Jul 2024 01:06:50 +0000 hourly 1 By: Andrew Bartolini https://cporising.com/2010/10/01/the-future-of-procure-to-pay-eprocurement-part-1/comment-page-1/#comment-118 Mon, 04 Oct 2010 16:05:51 +0000 https://cporising.com/?p=2616#comment-118 Anders – Great comment! Someone will figure it out, but we need CPOs like you to constantly push your solution providers for innovation so it happens sooner.

]]> By: Anders Lillevik https://cporising.com/2010/10/01/the-future-of-procure-to-pay-eprocurement-part-1/comment-page-1/#comment-116 Fri, 01 Oct 2010 14:28:25 +0000 https://cporising.com/?p=2616#comment-116 I believe this issue will continue to be a problem until there is a convergence between O2C (Order To Cash) and P2P (Procure to Pay). Companies struggle with the overhead of having to bill their clients the conventional paper way and also get settlement through lockbox (or similar) operations. There is inherent value on both sides, yet no solutions are being developed that can deal with both issues.

The proprietary nature of the P2P supplier networks being built makes it difficult to drive standardization and convergence of technologies.

Technologies like Basware invoice imaging solutions, as great as it is, can only take you so far and it only benefits the buy side of the business.

We still have a long way to go, but someone will figure this out.

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