Voyager House, 75 Waterloo Quay, Aberdeen AB11 5DE
01224 287610
sales@nsystems.co.uk

Category: Blog

2016 in a nutshell

As Christmas and the New Year are just around the corner, here at nSYS we would like to take the opportunity to reflect on what a successful year 2016 has been. This year for us has mostly been focused on E-invoicing, e-Invoices make the process of handling supplier invoices easier, faster and more productive –…
Read more

P2P Automation in 2017: Research to Look at for Building Your Invoice Automation and e-Procurement Business Case

What are people saying about the future of technology? Automation is still king. Automating more and more aspects of life continues to be a trend that’s showing no signs of slowing down. From business processes to housework (who’s ready for a laundry-folding robot?!), people are reaping the benefits of a digital world and gaining significant…
Read more

10 excuses for not being paid (and 3 easy ways to deal with them)

When you work in collections or order to cash process management, excuses are part of the job – and from our experience, it doesn’t take long for even the most creative explanations for non-payment to start sounding like a broken record.   But have you ever wondered what the most common excuses are? Well, the…
Read more

E-invoicing: The Accounts Payable (AP) best practice behind productivity

Financial organisations are often on the lookout for the next step in efficiency. For the last few years, businesses have consistently prioritised any effort that can increase productivity, improve reporting and accounts payable analytics, or reduce invoice processing costs. Paper is the arch enemy of Accounts Payable and adoption of AP automation best practices What…
Read more

Drive growth by joining Basware Connect

Autumn is here again. It’s time to look forward for Finance and Procurement professionals to meet at Basware Connect events and work together to lead the way in identifying new market and profit opportunities, strengthen relationships with trading partners and act as a catalyst for change across the business. With 2016 theme “Driving growth” we…
Read more

What’s the difference between DSO & DDSO?

Many companies use DSO to measure the credit department’s ability to manage risk, to control delinquencies and to resolve customer deductions quickly. Unfortunately, DSO is a relatively blunt instrument and is usually regarded as a poor measurement of the credit department’s abilities. DSO is influenced by actions or decisions made outside of the credit manager’s…
Read more

Are CFOs ready to become Chief Performance Officers of the future?

If we started with a blank sheet of paper, would we design the Finance functions we have today? Possibly not, according to a recent hypothesis from PwC[1] about the CFOs of the future. Until recently, Finance has been tasked to lower costs, provide governance, and increase insight. These financial skills and disciplines will still exist…
Read more

How to Save by Reducing Maverick Spending

The Hackett Group estimates that maverick spending can cost companies up to 2% of all indirect spending, due to lost savings opportunities and inefficiencies. That amounts to millions of dollars wasted every year. Maverick spending, also known more formally as unmanaged spending, is a big problem for most companies. Maverick spending is when employees “buck…
Read more

A Quick Primer on Managed vs Unmanaged Spend

The definitions are simple. Any demand for goods and services that management wants directed toward preferred suppliers is considered managed spend.  Demand for goods and services that are left up to individual discretion is considered unmanaged spend. Cost conscious enterprises convert unmanaged to managed spend in order to get better value from suppliers. These companies…
Read more

Automation puts productivity on steroids

It seems almost anything these days can be automated. Barely a day goes by without spotting an article on ‘smart’ homes and appliances, self-driving cars or health-tracking mobile apps. Opinions seem to be divided into two broad camps: relentless appetite and enthusiasm for tech that makes our lives easier, or fear and suspicion that we’ll…
Read more