The mystery of the rogue payments – A Startup Saga
When should a startup centralise purchasing?
No startup should get bogged down in paperwork.
But it is never too soon to have a simple purchasing policy.
It will save time, money and aggravation…
Resources
1
Jimmy the CTO finds an essential tool;
ObScureSoft is just what he needs…
ObScureSoft is just what he needs…
2
Three weeks later Alice the bookkeeper reviews the company’s bank statement…
3
Confusion reigns…
4
Jimmy finally works it out, downloads the invoice and sends it to Alice.
5
The next day he has to download it again, this time with the company VAT number added…
6
Four weeks later Alice is chasing the next monthly invoice… and so on and so on.
Sounds familiar?
7
It is a mess with just one purchase. ..
With dozens of monthly subscriptions, bought by a different managers, admin costs spiral.
Reports are late. Budgets are wrong.
And nobody likes being chased… or constantly having to chase.
Reports are late. Budgets are wrong.
And nobody likes being chased… or constantly having to chase.
8
What should happen?
9
It is never too early for a simple purchasing process…
