Terms of Endearment

According to Guinness World Records, the oldest company in the world is Nisiyama Onsen Keiunkan, a Japanese hotel which has been trading since 705. If that hasn’t quite sunk in yet, that’s the YEAR 705, folks. Indeed, this one hotel has been in business for over one thousand three hundred years. Quite a statistic, quite an achievement. One suspects (and perhaps hopes) that few of the original fixtures and fittings remain. That said, every business traveler has occasionally checked into a conveniently located hotel only to find that the facilities are so old they might have been passed over by the operators of Nisiyama Onsen Keiunkan as being “a little outdated.”

The Seven Habits of Highly Effective Source to Pay: Habit One

Never was a truer word spoken when it comes to the implementation and eventual deployment of large, complex and, frankly, expensive software systems such as source-to-pay (S2P). Source-to-pay systems are intended primarily, if not solely, to deliver substantial ROI and savings.

Spend Visibility: It’s Best in the Raw

The results of spend analysis depend – to a great extent – on where you start. Doing lots of work up front to “cleanse” your data might do more harm than good, as well a take up vital resources. The more “raw” your source spend data is, the better insights and visibility you’ll have into your spend. Read on to know why it might make sense not to cleanse your raw data before you start spend analysis.

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