Peeriosity

A Panel of Corporate Card Experts Discuss their T&E and Purchasing Card Programs

Introduction This report highlights a discussion among panelists from four companies regarding their Travel & Expense (T&E) and Procurement Card (P-Card) processes. The key topics discussed include card products used, software for expense reporting, number of cardholders, transaction volumes, filing frequencies, approval processes, risks, challenges, and potential areas for improvement. The panelists shared insights into […]

Posted in Corporate Card

Lessons Learned in Managing a Large-Scale BPO Relationship

Introduction This report discusses a Peeriosity member company’s strategic partnership with IBM for Business Process Outsourcing (BPO) services, focusing on the company’s finance and accounting operations. The key points covered include the companies background as a spin-off from another large company, the establishment of a Global Business Services (GBS) organization called Finance Shared Services (FSS), […]

Posted in Global Business Services

Transitioning Master Data Management to Shared Services/GBS

Introduction A recent Peeriosity-100 Peercast featured Master Data Management experts from three member companies. The Peercast format was a panel discussion on master data management approaches across different companies – Co A, Co B, and Co C. The panelists shared insights into their respective organizations’ master data management teams, scope, processes, and the impacts of […]

Posted in Global Business Services

The Many Ways to Update Vendor Master Data for Banking Information

Introduction One of the most complex parts of Master Data Management is controlling the process for making changes and updates to Master Data records. One example of where this is particularly important is in the process followed to create or update vendor bank account information. Unfortunately, this is a process that all too frequently includes […]

Posted in Accounts Payable

The Impact of Shared Services/GBS on Optimizing Processes End-to-End

Introduction To maximize the value of Shared Services, a broader view of how work flows across the enterprise needs to be considered. The efficiency of end-to-end processes will significantly impact costs not only in Shared Services, but also in every other part of the process that might reside in other functional areas. Unfortunately, engaging non-Shared […]

Posted in Global Business Services | Uncategorized

Implementing SAP S/4HANA for Shared Services/GBS

Introduction As described in an article at Techtarget.com (click here for the article), “SAP HANA (High-performance ANalytic Appliance) is a multi-model database that stores data in its memory instead of keeping it on a disk. This results in data processing that is magnitudes faster than that of disk-based data systems, allowing for advanced, real-time analytics… […]

Posted in Global Business Services

Streamlining the Goods Receipt/Invoice Receipt Process

Introduction Nothing is more fundamental in Accounts Payable then the 3-way match process. While many also leverage a 2-way match process using Pay-on-Receipt or Evaluated Receipts Settlement, many transactions continue to be processed by matching the invoice with the receipt and the purchase order. When price and/or quantity discrepancies are not resolved in a timely […]

Posted in Accounts Payable

Experience with Smart Automation and Artificial Intelligence

Introduction As Robotic Process Automation technologies have become mainstream over the past five years, companies have had to adjust operating models, processes and roles to productionize and fully leverage this capability in a scalable, sustainable way. The addition of Artificial Intelligence and Generative AI offer additional opportunities to deliver value and comes with a distinct […]

Posted in Intelligent Automation

When Do You Require a Purchase Order for Indirect Spend?

Introduction For Accounts Payable departments, transactions that are require little to no human intervention are the most efficient and require the least amount of resources. While processing invoices without an associated purchase order is also straight-forward, the reality is that by not having a purchase order there are many possible problems, including a greater risk […]

Posted in Accounts Payable

Creating an Intelligent Automation Center of Excellence in Shared Services/GBS

Introduction Efforts to implement Intelligent Automation solutions can be hindered or enhanced by decisions you make regarding the people resources you deploy, the technology solutions you use, and the way you design your processes. For Intelligent Automation, the most advanced and successful large companies with over $5B in annual revenue have 10 or 20 or […]

Posted in Intelligent Automation

Peeriosity Insights: Recent Research Findings Summarized insights. To view detailed research results, contact us to inquire about membership.