From e-invoicing to source-to-pay: the need for a holistic approach

To make the next step from e-invoicing tot source-to-pay requires a holistic approach. This guarantees that an organisation can automate other core processes and integrate them with invoice handling. A synergistic approach to documents, data and processes within the company and with external partners can be accomplished by use of content services.

A holistic synergistic approach on source to pay will allow you to:

  • Create tenders in a manner that allows users to select the appropriate suppliers by collecting required data or documents, along with rigorous evaluation
  • Comprehensive contract management at every stage of the document’s lifecycle (from creation, through negotiation and completion, to renewal or exit)
  • Purchase requisition and purchase order creation, approval and monitoring to ensure the process is running correctly
  • 3-way match before payment for delivered goods or services, to gain early payment discount
  • Make payments after three-way match purchase order/delivery/invoice to mitigate errors and financial risks (i.e. fraud or double-billing)

Gartner Magic Quadrants

In 2016, Gartner introduced Content Services Platforms (CSP) as an evolution of Enterprise Content Management (ECM). The Gartner’s Magic Quadrant for Content Services Platforms evaluates vendors and their ability to deliver content services for digital businesses and support for existing and emerging content use cases.

Reinventing ECM was a response to market demands and organizations’s need for content in digital business.  Gartner explains: “Content services platforms are the next stage of enterprise content management, representing a shift from self-contained systems and repositories to open services.”

Comarch, a global provider of comprehensive IT solutions, has been positioned in Gartner’s Magic Quadrant for Content Services Platforms, based on the evaluation of its completeness of vision and ability to execute. Comarch is named as a vendor of an enterprise content services solution that addresses full content management needs, including document capture, OCR, workflow, records, life cycle and archiving, and offers a broad range of content-related capabilities and packaged solutions for specific verticals (e.g. healthcare, retail, manufacturing and banking).

Comarch, in response to market demands and customers’ needs, has been adjusting its offers continuously, moving to data exchange and document management as content services for digital business. Gartner predicts that, by 2020, about 20% of vendors will transform their ECM offers into content services platforms.

Adam Beldzik, Comarch Business Unit E-INVOICING Director:
Being positioned by Gartner in Magic Quadrant, among TOP 20 global ECM/CSP providers, is a great success. We achieved this thanks to implementations for global clients such as Technicolor, BIC, SAS, Valeant and BP, and a wide range of solutions specific for various industries.

Content services platforms are designed not only to manage documents, but also to provide competitive advantages and optimize multiple processes in dynamically changing organizational environments. Our offer is a response to customers’ needs for cloud services to collect, exchange and process documents, both internally as well as with their suppliers and customers. And it allows us to deliver a true end to end solution”

Artur Baran, Comarch E-INVOICING RnD Director:
“For nearly 20 years I’ve been responsible for implementations and development of ECM solutions. From the beginning, I have seen exponential year on year growth of data produced by organizations, and these data must be better handled, organized and understood at the system level in order to drive customer-focused company development. Therefore, all RnD activities planned and executed by my team are oriented towards improvements in the key areas of enterprise level knowledge sharing, transactional content management, compliance, and integration capabilities. Being positioned by Gartner MQ, especially with Enterprise Content Management being redefined as Content Services Platforms, confirms that the strategy was right. It also provides solid foundations to further develop and strengthen our solution’s market position, especially now that we have the tools and knowledge required to start applying Machine Learning in real CSP use cases, achieving human-like system understanding for stored data and documents.”

 


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