Shadow IT is IT activity that occurs outside of sanctioned IT. Shadow IT is growing in many organizations driven by consumerized technology, mobility, the availability of cloud solutions and quite frankly relatively slow cycle times within captive IT organizations.
It seems that nearly every day, another nation falls in line, like a domino, with other countries that have embraced electronic invoicing. The latest to do so is Switzerland, which recently announced that as of January 1, 2016, suppliers to the Federal Administration with contracts valued at or above 5000 CHF will be required to utilize e-invoices.
According to a survey recently released by Canon Business Process Services, a majority of account payable (AP) departments are overwhelmed by the volume of paper and investment of time necessitated by conventional billing practices. The survey also revealed that both elements decrease efficiency while increasing the likelihood for errors and late payments.
We are in an increasingly digital world. Consumers are attached to their mobile devices everywhere they go, and the companies they buy from are racing to become their favorite brands. These companies are raising their digital battle cries as they attempt to connect with their audiences. And at the enterprise level, the move is on to ‘become digital.’ What does that mean for supply chain participants?
HP, the world’s largest computer manufacturer, has also become a leader in the fight against exploitative labor practices worldwide. In a November 10, 2014 press release, HP announced it will now require direct employment of foreign migrant workers in its supply chain. The additional standard “combines this direct employment requirement with rights relating to worker retention of passports and personal documentation and the elimination of worker-paid recruitment fees,” according to the release.