Purchasing software to help automate purchase-to-pay cycle

Allstate Insurance Company of Canada gains 40% more time by automating IT procurement.

Allstate Insurance Company of Canada began searching for an improved method to manage their IT purchasing. They understood that they needed a centralized tool that would allow users to easily and quickly locate corporate approved standard items for computer software, create requisitions, and check the status of their requests with 24-hour accessibility to this information.

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(34K pdf)

White Papers

Invoice Automation: Clarifying the Confusion	If you walk through the finance department of most any mid- or large-sized company, look for stacks of paper rising halfway to the ceiling. Then peer into a cubicle around the stacks. You'll see a hardworking employee manually entering data into a computer, stuffing intra-office envelopes, taking phone calls from vendors, filing, punching keys on a calculator, and — when time permits — swigging coffee from an urn-sized mug for fuel to get through the day. Welcome to Accounts Payable: the final frontier for automation in Finance. (Click here to read more.) (54K pdf)

Enhancing Your Financial System	The first finanical systems were simple ledgers for tracking debits and credits and producing basic financial reports. Over time, they grew to include systems for accounts payable, accounts receivable, payroll, cash receipts, purchasing and other business functions. (Click here to read more.) (38K pdf)

Getting Purchasing & AP in Sync	Accounts Payable and Purchasing: best friends or worst enemies? That question may paint an extreme picture of the relationship between the two departments, but there’s little doubt that those who lean toward the “best friends” category add more value to their companies than those leaning toward being “worst enemies.” (Click here to read more.) (32K pdf)

What is Purchase-to-Pay?	Over the last few years, there’s been a fundamental shift underway with regard to how organizations manage their spending. Simple purchasing systems are being replaced by “best-of breed” systems that capture 100% of purchasing, non-PO invoice and expense reimbursement data in a single database. (Click here to read more.) (55K pdf)

Purchasing and Sarbanes-Oxely	I’ve worked in the purchasing arena for more than a decade and have seen the innards of hundreds of companies’ operations. Two things have always amazed me: First, the lack of process around indirect purchasing in otherwise highly institutionalized companies. Second, the lack of executive interest in improving the purchasing process. (Yes, the latter is usually responsible for the former.) (Click here to read the entire paper.) (31K pdf)

Riding the Third Wave of e-Procurement	So far, e-Procurement is a winner, successfully driving down the cost of goods and reducing the management costs associated with goods acquisition. But to hit a home run, companies must begin to focus on the third wave of improvement opportunity: materials management. (Click here to read the entire paper.) (42K pdf)

Eliminate Maverick Purchasing	For large organizations, even a 5 to 15 percent reduction in maverick purchasing can lead to millions of dollars in savings, as every dollar saved has a direct impact on the organization's bottom line. Recognizing that maverick purchasing is occurring and implementing policies and procedures to control the spending is not a simple 1-2-3 process. (Click here to read more.) (46K pdf)

Managing Professional Services Costs	As organizations increasingly outsource mainstream functions to consultants and contingent workforce providers, the dollars spent on outside services continue to grow and have a greater impact on firm profitability. (Click here to read more.) (51K pdf)

June 3, 2004	Headline

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Lack visibility into organizational spending habits?

Frustrated by poor internal controls?

Too much paper and manual effort in AP?

Verian's Purchase-to-Pay solution works with your existing financial system to give you greater control over 100% of organizational expenditures.

Whether it's via requisition, reimbursement, or non-PO invoice, our Purchase-to-Pay solution gives you visibility into overall spending and better controls to manage cash and assets that comply with new regulations.

Interested? Learn more about Verian's Purchase-to-Pay solution.

Verian's Purchase-to-Pay suite includes modules for the following: