Tag Archive - Celtrino Platform

PDF Invoices saving you time and money? Think again!

Many providers and even some governments have been touting PDF versions of invoices as a genuine form of electronic invoicing. Whilst PDF attachments sent via email are certainly electronic, many of the benefits available through automated e-Invoicing systems are lost.

A study published by AIIM (http://www.aiim.org/Research/Industry-Watch/Paper-Free-Capture-2012) reveals that PDF file attachments are in fact costing more than they are saving. How is this possible? Consider the following findings:

When receiving a PDF copy of an invoice, more than 75% of recipients immediately print a hard copy.

  • Of these persons who print invoices, 16% then re-scan the documents so that they can be sent on as email attachments.
  • 10% of those who receive PDF invoices print two or more copies.
  • Another 10% do the manual processing of PDF invoices on-screen, yet still print a copy for archiving.

It is clear therefore that for the majority of people receiving standard PDF versions of invoices are not really gaining anything from the process. The PDF invoice requires manual entry into the recipient’s own accounts system, duplicating effort and immediately reducing time savings over a printed copy to zero.

PDF Invoices saving you time and money? Think again!

By the same token, if 75% or more of PDF invoices are printed, the recipient again fails to benefit from the paperless-system by absorbing the cost of creating a hardcopy themselves. Perhaps the most unfathomable result of the AIIM survey is the finding that 16% of people print out PDF files so that they can rescan them into a new PDF file – this not only makes no sense, but is doubly costly in terms of time spent.

True electronic invoicing, such as that provided by Celtrino’s Smart Admin platform, de-duplicates manual entry and removes the need for printing invoices creating savings for both sender and recipient. This cannot be said of a standard PDF attachment.

 



Posted on April 26, 2012 in Celtrino Platform, e-Invoicing, Smart Admin by
Tagged as , , , , , , ,
Comments Off

Business Processes Part 3 – Actions Post Implementation

Once the business case has been made for the introduction of processes and relevant systems have been identified for automation, the final stage is to implement the processes themselves. Whether the processes are for a small business, or a multinational corporation, the post implementation guidelines remain roughly the same:

Business Processes

  • Let the process grow and adapt. Process outlines which remain too rigid cannot scale as business needs change. By all means formalise the process, but allow the opportunity for future organic change and enhancements.
  • Involve others in process creation and implementation creating a shared ownership and common vision for improvement. Doing this will also overcome many of the political barriers which could otherwise prevent process realisation.
  • Maintain a culture of continual improvement. There is always room for the creation of new processes or the refinement of existing ones. Incremental changes will keep processes relevant to business needs and prevent them from becoming a hindrance in future.

Any process, internal or external, can help a business increase its levels of efficiency, but attempting a one-time, big-bang implementation is unlikely to have the permanent benefits desired. Processes need to be frequently revisited to allow for the identification of smaller improvements which will keep the process relevant. Changes in business model, customer demands or supplier will all necessitate changes to business processes – inflexible and infrequent analysis of processes will preclude this.

The responsibility for implementation of processes generally lies with management, but ultimately, all staff should be encouraged to participate in a continual process improvement.

Processes can exist as part of a supply chain management system, or as an internal operating procedure.  The scope is virtually limitless. Clearly, where computerised automation is required, a suitable platform will need to be sourced which provides the necessary framework in addition to flexibility for future refinements. Why not give Celtrino a call to discuss the Smart Admin platform and how it could help with your business process implementation projects?

 


Posted on April 5, 2012 in BPO, Business Process Automation, Business Process Outsourcing, Supply Chain, Supply Chain Management by
Tagged as , , , , , , , , , , ,
Comments Off

Electronic Ledger Alignment and Cash Flow Management – via Cloud Computing

The below describes an original, cost effective way to improve your organisation’s cash flow by implementing electronic general ledger accounting software in the cloud.

As always, if you have any questions, feel free to drop us an comment, tweet or e-mail and we’ll be sure to get back to you.

 


Posted on December 8, 2011 in Cash Flow Management, Celtrino Platform, Cloud Computing, Electronic Ledger Alignment, Supply Chain Management by
Tagged as , , , , , , , , ,
Comments Off

Key People in the Supply Chain

The strength of any supply chain is the people involved. There are people on the assembly making goods, other people deliver those goods to customers, and yet more people complete the required administration at each part of the process. By their very presence it is obvious that everyone in the supply chain is vital. However as with any chain, the supply chain is only as strong as weakest link. In the supply chain the weakest link is almost invariably the people.

Often, breaks in the supply chain are accidental or caused by a lack of personal ownership, as with the ‘Dockets in Pockets’ syndrome. Employees regard their responsibilities in isolation, failing to recognise that their casual negligence can have much wider implications for the business as a whole.Chain

Other times supply chains grind to a halt because a key staff member is away on annual leave and the employees operating in their absence lack the required skills or training to complete the job accurately. Tasks are then either left undone or done incorrectly, increasing the time and effort required to rectify the situation. Delays in the supply chain cause delays in payment, reducing cash flow and negatively affecting future transactions.

Occasionally issues can be caused by a disgruntled employee using their knowledge to maliciously damage the chain and their employer’s business. Feeding deliberate misinformation, or obstructing certain key transactions and interactions can have a major impact on a company and the other businesses in their supply chain.

So although everyone is key to the supply chain, they also have the potential to introduce significant problems into the process too. The solution is to automate as many of these links as possible, reducing the chances of introducing operator error into the chain and keeping each transaction moving as smoothly as possible. Using the principles of Business Process Outsourcing and Supply Chain Management, many of these potential people-related problems can be avoided, increasing efficiencies, reducing costs and allowing employees to focus on doing their jobs, rather than on administration.

And although costs savings can be made within a single business, the benefits can be shared up and down the supply chain by implementing a suitable hosted system which can be accessed by them all. Celtrino’s Smart Admin platform provides an interface for businesses at every point in the supply chain through which they can automate many of their transactions.

People will always be key to the supply chain, but there is no harm in investing to reduce manual administration and human error.

 


Posted on November 23, 2011 in BPO, Business Process Outsourcing, Cash Flow Management, Smart Admin, Supply Chain, Supply Chain Management by
Tagged as , , , , , , , ,
2 Comments

Document Tourism

What?

Document Tourism is a phrase we use to describe the process whereby a particularly important piece of paperwork “goes round the houses” upon receipt because it lacks certain critical information. The best way to explain the concept is with an example:

A Purchase Order arrives by post at the Supplier’s office. The document is directed to the Accounts Payable department via internal mail ready for processing. However as the clerk begins to enter the Purchase Order onto the in-house accounts system, he notes that the requisite purchase order is missing. Document Tourism

At this point the clerk must contact the account manager for the client and pass the incomplete purchase order back to them for follow-up. The account manager will almost certainly have to send a copy of the faulty document back to their contact at the purchasing company (physically or electronically) so that an amended version can be sent back. Depending on the complexity of the purchasing and payment procedures in place at the buying or selling company, there may well be several more steps involved.

So?

Just like a tourist on a hop-on hop-off bus service, the document travels around several locations, spending varying amounts of time in each location as it makes its way back up the supply chain. Just like a traveller, every stop takes time and therefore costs money (although purchase orders don’t have to buy a coffee at every stop).

Each step in obtaining the missing data results in a delay, and if time is money (which it is), every stop on the trip costs the Supplier.

Touchless to the rescue

The way to resolve similar problems is to implement a data verification gateway, preventing incomplete forms and documents from entering the supplier’s system. Known as “Touchless Systems”, presentation of purchase orders are presented electronically, sent directly from the buyer’s accounts system to the supplier’s electronically.

Taking the example of the missing purchase order number, the document leaves the buyer’s accounts department and is checked for data integrity as it reaches the supplier. If anything is found to be incomplete, the purchase order is immediately rejected and the buyer is notified. Both buyer and supplier benefit from automated processing in this way because less time is wasted by physically passing documents for manual correction.

Touchless processing immediately cuts out the problem of document tourism as there is only ever one stage in passing information back to a buyer in the event of an incomplete request. The savings of time, effort and money will grow exponentially as fewer and fewer documents require manual correction.

For more about touchless systems and how Smart Admin could help prevent document tourism within your organisation, please get in contact.


Posted on November 18, 2011 in Accounts Payable, Business Process Automation, Order Management Processing, Purchase Order Capture Automation, Supply Chain Management by
Tagged as , , , , , , , ,
Comments Off

UniPhar Group nominated for “Best Use of Technology in Procurement” at The 2011 National Procurement Awards!

The National Procurement Awards 2011There is always a strong sense of pride when one of your customers is nominated by their peers for a best-in-class award at an annual gathering of industry experts. The sense of pride is in part a vindication that your customer chose well in selecting you to deliver such a strategically important solution, also as we delivered what the customer wanted on time and budget and finally, a well-deserved feeling of confidence in a job well done.

Tonight, at the National Procurement Awards, Uniphar is nominated in the category for ‘Best Use of Technology in Procurement.’ Uniphar has been nominated for its Link service and it is testament to its success as it has been live just over one year. The web-based customer portal enables Uniphar Group to manage all interactions with member pharmacies from a single central point. The pharmacies can place orders online at any time, view up-to-date orders, process invoices and other key information.

Uniphar LinkTom McKenna who is the Commercial Director at Uniphar Wholesale puts everything in context when he says, “Identifying that a large group of independent pharmacies buying together could get the same type of purchasing discounts as a chain – that is not innovation, it is just plain economics. Where the innovation lies is in creating a procurement system that will save pharmacy managers time and effort, as well as money.”

As the clock ticks down to the ceremony tonight, we wish Tom and his team every success and do hope that they pick up the top award. It would be the icing on the cake to a job well done!


Posted on November 17, 2011 in Announcements, Cloud Computing, eProcurement, Integrated Supply Chain Management Platform, Pharmacy Sector, SaaS by
Tagged as , , , , , , , , ,
Comments Off

Supply chain automation made easy

“(…) time taken to switch all your paper-based transactions to the platform is minimal. Supplier ‘on-boarding’, as it’s termed, just isn’t an issue.” – have a read of my interview with Malcolm Wheatley in the May edition of The Manufacturer.


Posted on October 27, 2011 in Celtrino Platform, Supply Chain Automation, Supply Chain Document Automation, Supply Chain Integration, Supply Chain Performance by
Tagged as , , , , , , , , , ,
2 Comments

Supply Chain Integration Introduction Part 5 – The Future

For businesses looking to implement their first supply chain integration systems, or those looking to improve that which they already have, the future of the methodology will remain of interest. The continued explosion of hosted systems (also known as Software as a Service – SaaS), has already begun to radically alter the supply chain integration landscape.

As discussed elsewhere throughout this short series of articles, supply chain integration is currently a job requiring extensive (expensive) expertise due to the complexities inherent in joining multiple computer systems. As with most technological advances, implementation of integrations should get inherently easier as on-site complexity is reduced. Suppliers will be faced with the choice of rolling out the exact same ERP system in each of their own businesses, or to outsource the EDI functions required to communicate between disparate systems to a third-party.The Future written on the white board

As cloud-based software and services continue to mature, the use of on-site systems becomes more expensive and effectively redundant. By outsourcing functions to the cloud such as invoicing and billing, businesses immediately benefit from a reduction in complexity and duplicated effort. An ideal Business Process Outsourcing (BPO) platform will take input from any ERP or accounting system, as Celtrino’s Smart Admin product does, and seamlessly convert and transfer the data to a receiving system. The onus for translation and EDI connectivity becomes the responsibility of the hosted service provider.

In such a scenario, the cloud service provider configures and maintains the EDI connectors for the systems of all of their service users, for the same subscription fee. The clients are then able to make savings on the costs of hiring EDI consultants every time a reconfiguration of the data interchange layout is required.

Business Process Outsourcing as part of a Supply Chain Integration is a hot topic and looks set to remain so for some time. As demand for BPO increases, service providers will be forced to further tune and improve their offerings. All this is great news for the customer and their customers in turn.

If you would like to know more about how Celtrino’s Smart Admin platform can be used to assist your business in Supply Chain Integration, please do not hesitate to contact us.

 
Supply Chain Integration Part 1

Supply Chain Integration Part 2

Supply Chain Integration Part 3

Supply Chain Integration Part 4

 


Posted on October 26, 2011 in B2B Platform in the Cloud, Business Process Outsourcing, Integrated Supply Chain Management Platform, Supply Chain Integration, Supply Chain Management, Supply Chain Performance by
Tagged as , , , , , , , , ,
Comments Off

Moving financial transactions to the cloud can win you big contracts

Read how we helped Kooky Dough realise the supply chain efficiencies that helped them move to the next level as a business.


Posted on October 18, 2011 in B2B Platform in the Cloud, Celtrino Platform, e-Invoicing, eBilling, EDI, Outsourced EDI, Supply Chain Document Automation by
Tagged as , , , , , , , , ,
Comments Off

The benefits of an integrated supply chain management platform

B2B portals enable companies to efficiently integrate resources across a pipeline from suppliers to final customers by reducing the back and forth communication inefficiency associated with invoicing, payments and stock movements.  As goods travel up and down the supply chain, paperwork is sent back in its place; integrating computer systems, or using a platform that interfaces between each system, reduces the time spent on such data transactions.

The use of B2B portals extends beyond processing invoices and payments however. Tighter integration of stock management systems enables interchange of additional data, allowing each link of the chain to offer their customers an enhanced service.

Taking the example of a river again, the supplier at the start of the chain may experience an increased cost for one of their raw materials. In a traditional scenario, the supplier needs to get the message to each of their customers downstream. The message can be sent to customers early, or when they place their order, which can delay the purchase. Either way, pricing updates will cause a lag for each member of the chain. The same situation applies if the cost of raw materials drops.

Using an integrated supply chain management platform, any supplier in the chain can update their prices and the changes will be immediately reflected in the purchasing systems of their customers. The delay in transmitting pricing changes upstream and downstream is negated.

By allowing for immediate pricing updates to be automatically shared between systems, each supplier and buyer will be able to see at a glance what the up-to-the-minute price of any component is. This will allow them to provide accurate prices and quotes to their own supplier. And by making pricing transparent between supply chain partners, a high degree of trust can be built into the chain.

To find out more about how a B2B Portal could benefit your business and those of your supply chain partners, please give us a call.

 


Posted on October 14, 2011 in B2B Platform in the Cloud, Business Process Automation, Supply Chain Document Automation, Supply Chain Integration by
Tagged as , , , , ,
2 Comments

Page 1 of 212»