How Group Purchasing Helps Procurement Reduce Indirect Spend
A GPO is an entity that unlocks the collective purchasing power of its member businesses to achieve cost-savings opportunities and reduce overall...
3 min read
December 8 2015
by
Chris Cosgrove
Getting through the winter of your discontent can be a tough thing especially if you’re a leader of a manual accounts payable process. In fact, every day can be a semblance of discontent due to the unique challenges posed by manual invoice processing, juggling disgruntled supplier relationships, managing a labor force that performs arduous clerical tasks, and doing so with antiquated technologies. At least, that’s the challenge for the majority of AP process leaders according to industry data on AP automation adoption levels in North America. It’s unfortunate too, because the problem isn’t insurmountable, in fact it’s quite readily resolvable for those who would be willing to lead through adversity. That’s the crux of the issue that we’re going to expose and address in today’s piece.
The greater truth that is common to all these points is that whenever you disrupt the existing, or what is the norm, you’re going to encounter change. It’s really just endemic to people to be resistant to change, especially technical change. With that said, as a leader it’s your job to cast a positive light on the direction of change where you’re headed and prod the herd forward until they’ve all grown accustomed to a new way of doing things. If you need help in planning out your Accounts Payable process overhaul, we’ve got some insights that might help you!
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