Blog

May 24 , 2018

Why Has the Digitalization of B2B Trade Not Gone All the Way?

Purchase-to-pay, procurement, convergence

Especially in the Nordics, e-invoicing has already become business-as-usual in the B2B trade. The digitalization has not extended to corporate purchasing and ordering. Why not?
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May 16 , 2018

The New OpusCapita Is a Provider to Know

Purchase-to-pay, procurement, convergence

Do you know the new OpusCapita? In this blog, CEO Patrik Sallner shares his views on the recent transformation of the company and discusses why OpusCapita is a Provider to Know.
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May 16 , 2018

Countdown to the European e-Invoicing Standard Means Also a Spurt for PEPPOL

Purchase-to-pay, procurement, convergence

Only 11 months to go until public sector in Europe will need to be able to receive e-invoices. PEPPOL has become an interesting option for the implementation - here’s why.
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May 04 , 2018

5 Core Benefits of In-House Banking (And These Are Not All)

Purchase-to-pay, procurement, convergence

Setting up an in-house bank leads to operational and strategic benefits. But what are they actually all about? Let’s take a closer look at 5 core benefits of in-house banking.
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Apr 23 , 2018

4 Reasons Why You Should Start e-Invoicing Now

Purchase-to-pay, procurement, convergence

The introduction of e-invoicing is the perfect start for the digitalization of a company’s financial processes. If you don’t want to be left behind, the time to start is now.
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Apr 13 , 2018

Supplier Performance Management: Why Should You Care?

Purchase-to-pay, procurement, convergence

Why should corporations turn their focus to their suppliers? In short, effective supplier performance management will reduce various risks and save money.
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Apr 10 , 2018

GDPR is coming - are we ready?

Purchase-to-pay, procurement, convergence

When GDPR takes effect, companies need to comply with stricter data privacy rules. Here’s how OpusCapita has prepared for GDPR and how we support our customers in the effort.
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Mar 29 , 2018

5 Signs That Introducing a Modern In-House Bank Is the Right Solution for You

Purchase-to-pay, procurement, convergence

Is in-house banking the right solution for you? Here are 5 things that help you determine if a modern in-house bank is well-suited for your organization’s cash management needs.
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Mar 14 , 2018

What is an in-house bank (IHB) and why should you build one?

Purchase-to-pay, procurement, convergence

Are you headed for the ultimate destination of cash management centralization, an in-house bank? In this blog we will dive into the key features of an IHB.
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Mar 12 , 2018

Smart AI – the Real Enabler for Success in the Digital Economy

Purchase-to-pay, procurement, convergence

Advanced machine learning helps improve current processes in cash management and goes beyond them for new business value. What does it take to harness the advantages of Smart AI?
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Mar 09 , 2018

Is It Time to Retire the Invoice?

Purchase-to-pay, procurement, convergence

We are already in mid-March, and 2018 is seemingly just another year. Or is it? Last year we saw we were arriving in the post-invoice economy. Is the invoice ready to be retired?
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Mar 07 , 2018

Real-Time VAT Control Has Come to Europe and Is Changing e-Invoicing as We Know It

Purchase-to-pay, procurement, convergence

Italy is mandating e-invoicing for all companies and implementing real-time VAT control. Our expert explains in his blog why this is a sign of a game-changing trend in Europe.
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Feb 26 , 2018

Behind the Scenes: Why Did We Launch a Matching Solution for Automatic Account Reconciliation?

Purchase-to-pay, procurement, convergence

We recently launched a solution for automatic account reconciliation - and we are proud of it! Take a peek behind the scenes to meet the people and hear the story of the product.
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Feb 22 , 2018

Where Does It Hurt? The State of Purchasing Practices in Health Care

Purchase-to-pay, procurement, convergence

Inflexible and time-consuming phases in ordering complicate daily work in health care organizations. This blog discusses the findings of a recent study by OpusCapita.
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Feb 19 , 2018

3 Reasons Why You Should Care About Quality Catalog Content in e-Procurement

Purchase-to-pay, procurement, convergence

You should not underestimate the importance of the quality of your catalog content to your procurement efficiency. Here are 3 KPIs across your organization that are affected.
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Feb 06 , 2018

The challenges of international e-invoicing

Purchase-to-pay, procurement, convergence

For any company, the first step in overcoming the challenges of international e-invoicing is to focus on internal processes. In a SSC, e-invoicing can be the key enabler.
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Feb 01 , 2018

Chase cash out of hiding! And other key benefits of a centralized treasury

Purchase-to-pay, procurement, convergence

Do you know how much cash is hidden in decentralized cash management process? The amount usually comes as a surprise. Visibility is a key benefit of centralized treasury.
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Jan 23 , 2018

7 signs that it is time to rethink your bank connection strategy

Purchase-to-pay, procurement, convergence

Are you guilty of these transgressions in your bank connectivity? If you are, it might be high time for you to change your bank connection software to stay safe and efficient.
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Jan 17 , 2018

How EU e-invoicing initiatives will shape the market in 2018

Purchase-to-pay, procurement, convergence

Ready, steady, go! The year 2018 marks the countdown to the implementation of many electronic invoicing initiatives, and here’s why it matters for you.
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Jan 09 , 2018

The headaches of global cash management

Purchase-to-pay, procurement, convergence

Are you suffering from sub-optimal cash management? Identifying the pain points of group-level financial processes is the first step to gaining visibility and control.
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Dec 15 , 2017

5 concrete tips for preventing payment fraud

Purchase-to-pay, procurement, convergence

It is the eleventh hour to start focusing on the safety of your payment process if you want to avoid financial damage. Here are 5 actionable tips for preventing payment fraud.
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Dec 06 , 2017

Regtech is about to change the way companies work - here's why

Purchase-to-pay, procurement, convergence

Thanks to years of digital innovations, it's now easier than ever to start a globally operating business from the comfort of your couch.
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Dec 04 , 2017

How to manage per diems in the most swift and easy way

Purchase-to-pay, procurement, convergence

In this two part blog series, we’ll show you how to embrace per diems and get rid of their pains.
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Dec 01 , 2017

Do More with Your Xpenditure App

Purchase-to-pay, procurement, convergence

Expense management might not be the sexiest topic within your company, but having your expense management system on point can save you a lot of time and money.
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Nov 23 , 2017

The secret to reducing costs while increasing productivity

Purchase-to-pay, procurement, convergence

Many companies struggle to find the right balance between reducing costs and growing their business. For some, it seems like an impossible equation, for others it's a challenge.
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Nov 20 , 2017

How blockchain technology is changing trade financing

Purchase-to-pay, procurement, convergence

Over the past few years, blockchain technology has been declared to transform a number of different financial and business processes. How will it transform trade financing?
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Oct 13 , 2017

Costs in One Bucket, Benefits in Another? This Is How P2P Works to Remove Silos

Purchase-to-pay, procurement, convergence

Siloed thinking in P2P prevents businesses from doing the right things. Read Pete Loughlin’s guest blog and find out how the new business paradigm will change the situation!
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Sep 27 , 2017

Is 29% growth in e-invoicing enough for Europe?

Purchase-to-pay, procurement, convergence

1.6 billion e-invoices. The figure from EESPA confirms that e-invoicing continues to make headway in Europe, showing increase of 29% on previous year’s volumes. But is it enough?
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Sep 26 , 2017

3 trends shaping blockchain over the next 12 months

Purchase-to-pay, procurement, convergence

There’s been a lot of hype and an enormous investor interest around blockchain over the last few years. But what does all of this mean for the technology in the near future?
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Sep 13 , 2017

Are you ready for the Post-Invoice Economy and the future of Source-to-Pay?

Purchase-to-pay, procurement, convergence

In the post-invoice economy, source-to-pay and cash management will become key value drivers for an organization. A new way of thinking is needed to stay competitive.
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Sep 04 , 2017

How CPOs see the future? Highlights from the ProcureCon Report

Purchase-to-pay, procurement, convergence

100 procurement leaders shared their views on the future of procurement in the ProcureCon survey. Here’s why you should be interested in their answers.
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Jul 06 , 2017

How Well Do You Sleep at Night? Are Your Global Cash Flows Safe From Cybercrime and Fraud?

Purchase-to-pay, procurement, convergence

Despite all the recent talk concerning cybercrime and fraud, surprisingly many corporates are still unaware of the risks, or strikingly unprepared to mitigate these risks.
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Jun 30 , 2017

How Much Revenue are You Losing to Payment Fraud?

Purchase-to-pay, procurement, convergence

Payment fraud is an ever increasing part of doing business and though we are all aware that it is occurring, we often do not understand the size and scale of the problem.
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Jun 09 , 2017

Boost your return on capital employed with supply chain finance

Purchase-to-pay, procurement, convergence

When analyzing financials of large Nordic companies I often see Return on Capital Employed (ROCE) included in their financial targets.
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Jun 01 , 2017

The State of eProcurement in 2017

Purchase-to-pay, procurement, convergence

In the following blog post I’ll try to summarize my thinking on the recent report produced by SSON and OpusCapita titled Indirect Procurement: 2017 Market Report.
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May 05 , 2017

Hands-free Procurement

Purchase-to-pay, procurement, convergence

Web-based procurement (or eProcurement) was originally seen first and foremost as a better way to order catalog products than with older desktop-based procurement systems.
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Apr 24 , 2017

PSD2 speeds up digitalization in cash management

Purchase-to-pay, procurement, convergence

In less than 300 days, EU member states need to have implemented the Revised Payment Services Directive (PSD2) into their legislation. Change in the financial industry is evident.
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Apr 19 , 2017

Smarter Procurement in MRO

Purchase-to-pay, procurement, convergence

MRO management is a balancing act that demands a modern procurement platform with workflow automation. It’s about allocating and managing resources as efficiently as possible.
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Mar 29 , 2017

Modern procurement systems bring simplicity to complex business environments

Purchase-to-pay, procurement, convergence

When operations are demanding and time is of the essence, an effective procurement process should bring simplicity and peace of mind.
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Mar 23 , 2017

Supply Chain Finance: Ready to get into the driver’s seat?

Purchase-to-pay, procurement, convergence

There is a Finnish saying that if you try and steer your car forward by looking into the rear view mirror, you’ll probably encounter some unintended off-road terrain.
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Mar 21 , 2017

B2B Procurement: Shopping that won’t exhaust you

Purchase-to-pay, procurement, convergence

I bet all of you have either been or seen that guy in a department store, sitting on the courtesy couch (love that couch!) near the changing rooms waiting for his wife.
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Mar 09 , 2017

PEPPOL reaches europe: join the growing network!

Purchase-to-pay, procurement, convergence

The PEPPOL network is expanding rapidly in different parts of Europe. If you are not yet familiar with this acronym, I encourage you to take a closer look.
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Mar 06 , 2017

Concrete steps for fraud prevention in your organization - Five measures you can take right now

Purchase-to-pay, procurement, convergence

The key to fighting of cyber attacks lies within careful combining technological and human measures. It all starts with a strong corporate culture.
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Feb 28 , 2017

C-level fraud or when you are asked to make this money transfer asap! A look at common forms of cyber fraud

Purchase-to-pay, procurement, convergence

Please make this money transfer fast! This or similar might be the start of an email that brings us directly into one of fastest growing forms of cyber fraud, namely CEO fraud.
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Feb 24 , 2017

Six good reasons to invest in electronic procurement right now

Purchase-to-pay, procurement, convergence

Digital transformation is the talk of the town, or should we say industry. Left and right you read about it, and you hear that if you ignore it your business is doomed to fail.
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Dec 08 , 2016

e-Invoicing is no Longer Enough!

Purchase-to-pay, procurement, convergence

After reading the Bruno Koch's report on e-invoicing, I’m a little disappointed. Not with the report, but with the incremental (some might say sluggish) growth of e-invoicing.
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Nov 22 , 2016

Towards a successful digital business network – Step 5: A new era

Purchase-to-pay, procurement, convergence

Even when a company has achieved its dream of 100% digitalization, it is unlikely that the situation will remain static. It is natural to change suppliers and get new customers.
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Nov 16 , 2016

Accurate procurement means easier invoicing

Purchase-to-pay, procurement, convergence

It’s no secret that the invoice handling process in best-in-class organizations operates like clockwork. But just how do they achieve this?
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Nov 04 , 2016

Towards a successful digital business network – Step 4: The target is 100% digitalization

Purchase-to-pay, procurement, convergence

It is time to think about expanding the service to cover your entire business network and thus achieve the business benefits that were defined at the start.
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Oct 26 , 2016

IN FOCUS – Improving your invoice data quality

Purchase-to-pay, procurement, convergence

Developments in invoice processing have made the practice easier and faster than before, but have also made it more challenging for accounts payable to improve at the same pace.
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Oct 21 , 2016

Brisk growth in E-invoicing and the 3 drivers accelerating it further

Purchase-to-pay, procurement, convergence

Recently, the European E-invoicing Service Providers Association EESPA reported that over 1,25 billion electronic invoices were processed and delivered by its members last year.
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Oct 18 , 2016

Toward a successful digital business network – Step 3: First practical measures

Purchase-to-pay, procurement, convergence

The quickest achievable benefits provide a good starting point for practical measures. In the first stage, the measures should be limited to the five main ones.
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Oct 17 , 2016

Four transformations in financial management

Purchase-to-pay, procurement, convergence

The fourth industrial revolution is under way, and technology is advancing in leaps and bounds. Technological trends mean changes to companies’ purchasing and payment processes.
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Oct 03 , 2016

Towards a successful digital business network – Step 2

Purchase-to-pay, procurement, convergence

The next decision you need to make is which type of organization to use in the transformation to digital processes and which type of technology to use to enable digitalization.
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Sep 19 , 2016

Towards a successful digital business network – Step 1

Purchase-to-pay, procurement, convergence

I promised to discuss the five most important steps in creating a digital business network. The first one is to focus on planning and creating a model of what you want to achieve.
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Sep 16 , 2016

Are you easy to do business with?

Purchase-to-pay, procurement, convergence

What would you do if you could start your current business or company anew, right from the start? This is the question to ask now.
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Sep 05 , 2016

Successful digital business networks in five steps

Purchase-to-pay, procurement, convergence

There is no denying that summer is over. In the fall cranes migrate to better climate zones. Businesses could actually learn a great deal from wedges of cranes.
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Aug 11 , 2016

PEPPOL will change the game in e-invoicing

Purchase-to-pay, procurement, convergence

Are you keen on e-invoicing? If yes, then PEPPOL (Pan-European Public Procurement Online) probably is on your radar screen already. If it is not, I suggest that you look into it.
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Mar 11 , 2016

Why bank connectivity as a service wins over the traditional software approach

Purchase-to-pay, procurement, convergence

You can’t be in business without having a relationship with at least one bank. Every corporate has had to solve their bank connectivity somehow.
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Feb 26 , 2016

Will 2016 be the year the paper invoice becomes unnecessary?

Purchase-to-pay, procurement, convergence

Did you make any New Year’s resolutions this year? No? Then maybe I can make a suggestion: perhaps you should decide to stop receiving paper invoices.
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Feb 22 , 2016

What’s on top of the CPOs’ mind? Top 5 takeaways from the Nordic Strategy Forum

Purchase-to-pay, procurement, convergence

I and some fellow opuscapitans participated in the Nordic Strategy Forum CPO in Riga. I thought I would share with you my key takeaways from the event.
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Nov 20 , 2015

How Well Do You Sleep at Night? Are Your Global Cash Flows Safe From Cybercrime and Fraud?

Purchase-to-pay, procurement, convergence

Many of us have read and witnessed how cybercrime and fraud has become one of the most significant risk management topics for corporates. However, des
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Oct 26 , 2015

Risking stagnation – Is your shared service centre treading water?

Purchase-to-pay, procurement, convergence

GLOBALIZATION was “thee” word back in the 90s. It didn’t only mean going global, but being global. Around the same, the term Shared services also ente
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Sep 11 , 2015

Why do we at OpusCapita love working with standards?

Purchase-to-pay, procurement, convergence

For many of us standardization is not that much of a topic in everyday life. Until you start thinking of the benefits of standardization.
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Aug 24 , 2015

Come and take a ride with the self-driving car of finance!

Purchase-to-pay, procurement, convergence

Here, have a look at a list of features of a top-notch mobile device:
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Aug 20 , 2015

Put the customer at the heart of your corporate culture

Purchase-to-pay, procurement, convergence

Idean’s CEO Risto Lähdesmäki talks in the latest issue of OpusCapita Journal about the importance of user experience as a competitive advantage in tod
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May 05 , 2015

Are unnecessary purchases eating into your profits?

Purchase-to-pay, procurement, convergence

Do you ever wonder what is eating up your company’s money? Your net sales are good, and you have been cutting costs, but somehow your profits just see
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Apr 13 , 2015

Can you hear the wedding bells ring for the future?

Purchase-to-pay, procurement, convergence

Just a few weeks ago I received a text message ordering a small bouquet of flowers. The message instructed that the flowers used in the bouquet should
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Mar 04 , 2015

Is your business stuck in a bubble?

Purchase-to-pay, procurement, convergence

This week I was reading a thought-provoking article from the leading Finnish newspaper, Helsingin Sanomat. In the article columnist Maaret Kallio was
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Feb 25 , 2015

Supply chain finance calls for efficient invoice management

Purchase-to-pay, procurement, convergence

OpusCapita’s new solution for supply chain financing makes it possible for the suppliers to get paid in a matter of days instead of waiting for dozens
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Feb 23 , 2015

Bad, bad debts! DSO is a good indicator of the efficiency of sales receivables management

Purchase-to-pay, procurement, convergence

Kimmo Kauranen, Vice President, O2C Business, OpusCapita, urges companies to beat lazy money out of its hiding places and into action.
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Feb 19 , 2015

How to recognize your RPA potential

Purchase-to-pay, procurement, convergence

Software robotics provides the opportunity to improve the quality and efficiency of processes in financial management almost immediately. But how to r
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Feb 17 , 2015

Something good out of bad – a story of superior customer experience

Purchase-to-pay, procurement, convergence

Friday the 13th was definitely unlucky day for me: When driving in the evening in Warsaw my car broke down, suddenly all the lights in the car (inside
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Feb 16 , 2015

The chain is only as strong as its weakest link

Purchase-to-pay, procurement, convergence

The decision to start a supply chain finance program is based increasingly on strategic reasons in large purchasing corporations, says Michiel Steeman
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Dec 18 , 2014

E-Channels vs. Paper – How Do B2C Companies Choose?

Purchase-to-pay, procurement, convergence

There’s a huge difference in the level B2C companies have embraced communication via e-channels. For example, more than half of all B2C invoices are s
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Dec 17 , 2014

New demand for global payment factory solutions

Purchase-to-pay, procurement, convergence

Companies are now actively seeking global payment factory solutions for international cash management that meet their needs.
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Dec 12 , 2014

Will the next generation of purchase invoice workflow systems increase the trend to outsource AP-processes?

Purchase-to-pay, procurement, convergence

Internationally, there is a very clear trend towards outsourcing. Yet Swedish companies have adopted a wait-and-see approach and are therefore at risk
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Dec 08 , 2014

Miikka Savolainen: “Finnish SME entrepreneurs will soon need help”

Purchase-to-pay, procurement, convergence

In the summer of 2014, OpusCapita investigated the outlook regarding companies’ lengthening payment terms in Finland and abroad. The gradual lengtheni
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Dec 02 , 2014

Miikka Savolainen: Playing the waiting game is expensive

Purchase-to-pay, procurement, convergence

The challenging economic situation is punishing companies in Finnish and international competitive arenas. The significance of working capital is rapi
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Oct 10 , 2014

Automation of support services is increasing – what will become of the service center?

Purchase-to-pay, procurement, convergence

This is what Tom Bangemann, The Hackett Group, told a reporter when he was interviewed for OpusCapita’s customer magazine Journal: “Up to now, automat
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Oct 09 , 2014

Count the eggs! Four things to consider when your supplier gets acquired

Purchase-to-pay, procurement, convergence

When the CFO or CIO of a mid-segment company hears that their software supplier or service provider has been acquired, many questions are sure to aris
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Oct 08 , 2014

Robots soon in financial management and company boards

Purchase-to-pay, procurement, convergence

Intelligent robotic systems are set to revolutionize corporate financial management practices. Company boards are also soon likely to feature a robot-
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Oct 07 , 2014

News from Sibos: SWIFT Extends Alliance Lite 2 to business applications

Purchase-to-pay, procurement, convergence

SWIFT’s new “Alliance Lite 2 for Business applications” program allows selected providers to embed SWIFT Alliance Lite 2 connectivity into a single pa
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Sep 28 , 2014

It's time to consider payment terms from the perspective of supplier chain management

Purchase-to-pay, procurement, convergence

Recently OpusCapita carried out a study of the payment terms offered by the biggest companies in the Nordic countries. The study showed that payment t
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Dec 31 , 2013

Survey: companies would gain significant benefits by improving their purchase-to-pay functions

Purchase-to-pay, procurement, convergence

Companies would increase their agility and gain synergy benefits by comprehensively improving and streamlining their purchase-to-pay functions. This w
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Dec 10 , 2013

Is it worth to implement e-invoices and invoice automation in Poland? A case study

Purchase-to-pay, procurement, convergence

The process of decision making for invoice automation in Poland can be presented based on the real case of one Polish retail chains that is very moder
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Nov 15 , 2013

PEPPOL in Norway: trendsetter for e-procurement in EU

Purchase-to-pay, procurement, convergence

Initiated in 2008 and ended in August 2012, the PEPPOL project (Pan-European Public Procurement Online) developed and implemented the technology stand
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Nov 07 , 2013

Eye tracking survey

Purchase-to-pay, procurement, convergence

An increasing volume of letters is delivered to recipients in digital format, but printed letters continue to be popular due to the fact that the rece
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