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Helping you stay ahead of the game
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Innovation in Strategy: Helping You Stay Ahead of the Game
Sid Vasili
CEO
Email: [email protected]
Mobile: +44(0)7875 268 416
www.invapay.com
© Invapay Payment Solutions Ltd. 2011
Finance team Procurement team
Procurement‐Finance Alignment
Procurement
Process
© Invapay Payment Solutions Ltd. 2011
Indirect Spend Becomes Exceptions
Direct spend Indirect spend
InvoiceInvoiceInvoice
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Compliance Non‐compliance
The Human Factor
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Finance team Procurement team
Procurement
Process
Finance
Process
Creating Alignment
© Invapay Payment Solutions Ltd. 2011
Outsource
supplier
Supplier
Order PayInvoice
Trend to Outsource
?
Company
© Invapay Payment Solutions Ltd. 2011
Cost of paying
a single invoice
(£)
20
2
Training
Oversight
Management
visits
Re‐work
True Costs of Off‐Shoring
© Invapay Payment Solutions Ltd. 2011
Outsource
supplier
Pitfalls in Outsourcing
iCompany
© Invapay Payment Solutions Ltd. 2011
Limits of Outsourcing
Outsource
supplier
Company
Cost
© Invapay Payment Solutions Ltd. 2011
Outsource vs Improve
Cost
Inefficiency
Outsourcing
Process
improvement
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Staff Engagement
Performance
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Company
Cloud computing
Cloud Computing
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Retain and Improve
Cost
Inefficiency
Retain
expertiseImprove
efficiencyMake
oversight
easier
Outsourcing
© Invapay Payment Solutions Ltd. 2011
Questions & Answers
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Thank you
© Invapay Payment Solutions Ltd. 2011
