Blog about financial processes

Dec 31 , 2018

Accounts Payable Automation - the value of a business network

by Rowan Lemley e-invoicing Trends, Accounts Payable Optimization, Buyer-Supplier Ecosystem, Digitalization, Source-to-Pay, Invoice Process Automation, Business Network, E-invoicing

So you’ve decided to digitally transform your accounts payable function with the goal of improving control, visibility and efficiency.

Dec 27 , 2018

The Business Case for Invoice Automation

by Rowan Lemley e-invoicing Trends, Accounts Payable Optimization, Buyer-Supplier Ecosystem, Digitalization, Source-to-Pay, Invoice Process Automation, Business Network, E-invoicing

The business case for Accounts Payable automation is fairly straightforward but there is some nuance to consider as you begin planning your digital transformation project.

Dec 04 , 2018

Get Ahead of the Game and Be Ready for e-Invoicing in 2019

by Ahti Allikas e-invoicing Trends, Digitalization, E-invoicing

The year 2019 will see many of the much-talked-about initiatives around e-invoicing becoming a reality. Are you ready for the changes ahead? Read the blog to learn steps forward.

Nov 28 , 2018

Improving Accounts Receivable: How to Create a Futureproof Invoice Sending Process

by Matts Ek Accounts Receivable Optimization, Digitalization, Accounts Receivable Automation

How to transition efficiently to e-invoicing and digital invoice processes in your Accounts Receivable? This blog explains how to create futureproof invoice sending already today.

Nov 08 , 2018

5 Ways to Benefit from Switching to e-Invoicing in Accounts Payable

by Heikki Pulli e-invoicing Trends, Accounts Payable Optimization, Digitalization, Invoice Process Automation, E-invoicing

How much time and money could you save if you switched to e-invoicing in Accounts Payable? In this blog, we go over the key benefits of electronic invoice receiving and handling.

Nov 02 , 2018

Standardization of e-Invoicing in the U.S. Takes Steps Forward

by Ahti Allikas e-invoicing Trends, Buyer-Supplier Ecosystem, PEPPOL, Business Network, E-invoicing

The United States is moving forward with country-wide e-invoice standardization. This blog explains why this news should have a positive influence on the global e-invoicing market.

Oct 23 , 2018

Forget Virtual Accounts! In-House Bank with Modern Matching Solves the COBO Challenge

by Jouni Kirjola Treasury Optimization, Accounts Payable Optimization, Accounts Receivable Optimization, Finance Centralization, Cash Management, In-House Banking, Accounts Receivable Automation, Accounts Receivable Matching

Centralization of cash processes is a key objective for corporate Treasurers. This blog explores how to best build a collection on-behalf-of structure without virtual accounts.

Oct 18 , 2018

How to Achieve Cash Management Excellence, part 2: Cash Forecasting

by Karl-Henrik Sundberg Treasury Optimization, Cash Management, Liquidity Management

Cash forecasting helps eliminate cash flow surprises and improve liquidity decisions. This blog explains how you can excel at forecasting with a specialized software.

Oct 16 , 2018

The Inevitable Challenges with Procurement of Services

by Rowan Lemley Procurement Trends, Source-to-Pay, e-Procurement

Procurement of services continues to be a challenge for the procurement departments. Read this blog to find out why and learn how to overcome the challenge.

Oct 10 , 2018

CFO, Why You Too Should Care About Spend Under Management

by Sami Grönroos Procurement Trends, Source-to-Pay, Sourcing, e-Procurement

Bringing more spend under management is a priority for the Chief Procurement Officers. This blog discusses why the metric matters for the Chief Financial Officers, too.

Oct 03 , 2018

How to Achieve Cash Management Excellence, part 1: Cash Visibility

by Karl-Henrik Sundberg Treasury Optimization, Cash Management, Global Bank Connectivity, Liquidity Management

If you don’t know where you are today, how can you predict where you’ll be tomorrow? In this blog, we’ll focus on gaining cash visibility with best practice cash balance reports.

Sep 12 , 2018

How Will the New European Standard on e-Invoicing Affect You?

by Ahti Allikas e-invoicing Trends, Digitalization, Industry Trends and Technology, Business Network, E-invoicing

The new European standard on e-invoicing will take effect soon. This blog summarizes what the standard actually is and what it is not. Do you know how it will affect your company?

Sep 05 , 2018

Stop Wasting Time and Money: Paper Invoices Prevent Accounts Payable Efficiency

by Jennie Klaesson e-invoicing Trends, Accounts Payable Optimization, Digitalization, Invoice Process Automation, Business Network, E-invoicing

High rates of paper and unstructured email invoices prevent efficient invoice handling in mid-sized companies. Switching to e-invoices can spark Accounts Payable improvement.

Sep 03 , 2018

The Ever-Present Risk of Payment Fraud - Where Are Your Blind Spots?

by Markus Makkonen Payment Fraud Prevention, Cash Management, Payments and Financing

Half of companies have fallen victim to payment fraud or economic crime within the last two years. Where should you focus to increase the safety of your payment process right now?

Aug 28 , 2018

3 Trends That Are Driving Procurement Transformation

by Rowan Lemley Digitalization, Industry Trends and Technology, Procurement Trends, Source-to-Pay, e-Procurement

The 2018 ProcureCon Benchmarking Report gives insight into the collective mind of the Chief Procurement Officer. This blog highlights 3 trends we think you should be aware of.

Aug 21 , 2018

Mission Impossible: Can You Achieve Total Spend Visibility and Control?

by Rowan Lemley Procurement Trends, Source-to-Pay, e-Procurement

Is it possible to achieve 100% of spend under management? Or even hit close to this ultimate procurement goal? Yes, it is, but it doesn’t come easy.

Jul 31 , 2018

Germany Is Shifting e-Invoicing into a New Gear in Europe

by Hanno Detlefsen e-invoicing Trends, Digitalization, Business Network, E-invoicing

Germany has drawn up a solid roadmap to a digital future. How will the actions of the public sector affect the progress of e-invoicing in the country - and in the whole of Europe?

Jul 17 , 2018

Who Knew MRO Was So Complicated?

by Rowan Lemley Industry Trends and Technology, Procurement Trends, Source-to-Pay, e-Procurement

On top of the everyday complexities of MRO, those in the industry need to tackle disruptions affecting supply chains and increasing risks. What keeps MRO Managers up at night?

Jul 02 , 2018

4 Concrete Steps to Purchase-to-Pay Implementation Success

by OpusCapita Digitalization, Procurement Trends, Source-to-Pay, e-Procurement, Invoice Process Automation

What are the keys to a successful purchase-to-pay implementation? Samira Jaakkola, Procurement Manager at HDL, shares her experiences and insights after a determined project

Jun 14 , 2018

The Future of B2B Trade Is in the Open Digital Business Networks

by OpusCapita Buyer-Supplier Ecosystem, Digitalization, Industry Trends and Technology, Business Network

Digitalization is set to disrupt B2B operating models with real-time information and interaction. How far along are we on the journey toward digital networks in global trade?

Jun 13 , 2018

Why the Latin American Approach Is the Hot Topic in Electronic Invoicing?

by Ahti Allikas e-invoicing Trends, Digitalization, Industry Trends and Technology, Business Network, E-invoicing

The Latin American approach to e-invoicing has become a hot topic in Europe. What is the difference and why the interest is rising? This blog answers the most frequent questions.

Jun 05 , 2018

Keep Going! 6 Reasons to Consider POBO and COBO

by Jaakko Kilpinen Treasury Optimization, Accounts Payable Optimization, Accounts Receivable Optimization, Finance Centralization, Cash Management, In-House Banking

Take a step further in in-house banking and boost the efficiency of your organization’s financial processes with POBO and COBO. Here are 6 reasons why it pays off.

May 28 , 2018

Why Does Amazon-Like User Experience and Guided Buying Matter in E-procurement?

by Rowan Lemley Procurement Trends, Source-to-Pay, e-Procurement

If your organization’s employees aren’t happy with the usability of the e-procurement system, it is hard to reach procurement targets. Here’s what guided buying means in practice.

May 24 , 2018

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

by Esko Penttinen and Petri Karjalainen Buyer-Supplier Ecosystem, Digitalization, Point-of-View, Source-to-Pay, Business Network

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?

May 16 , 2018

The New OpusCapita Is a Provider to Know

by Patrik Sallner Industry Trends and Technology, Point-of-View, Source-to-Pay

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.

May 16 , 2018

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

by Ahti Allikas e-invoicing Trends, Digitalization, Industry Trends and Technology, Business Network, E-invoicing

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.

May 04 , 2018

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

by Jaakko Kilpinen Treasury Optimization, Finance Centralization, Cash Management, In-House Banking

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.

Apr 23 , 2018

4 Reasons Why You Should Start e-Invoicing Now

by Thomas Rohn e-invoicing Trends, Digitalization, Business Network, E-invoicing

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.

Apr 13 , 2018

Supplier Performance Management: Why Should You Care?

by Rowan Lemley Procurement Trends, Source-to-Pay, e-Procurement

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

Apr 10 , 2018

GDPR Is Coming - Are We Ready?

by Perttu Pessa Industry Trends and Technology, Point-of-View

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.

Mar 29 , 2018

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

by Jaakko Kilpinen Treasury Optimization, Finance Centralization, Cash Management, In-House Banking

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.

Mar 14 , 2018

What Is an In-House Bank (IHB) and Why Should You Build One?

by Jaakko Kilpinen Treasury Optimization, Finance Centralization, Cash Management, In-House Banking

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.

Mar 12 , 2018

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

by Ali Faisal and Karl-Henrik Sundberg Digitalization, Industry Trends and Technology, Cash Management, Payments and Financing

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?

Mar 09 , 2018

Is It Time to Retire the Invoice?

by Rowan Lemley Digitalization, Industry Trends and Technology, Source-to-Pay

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?

Mar 07 , 2018

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

by Ahti Allikas e-invoicing Trends, Industry Trends and Technology, E-invoicing

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.

Feb 26 , 2018

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

by OpusCapita Treasury Optimization, Accounts Receivable Optimization, Accounts Receivable Automation, Accounts Receivable Matching

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.

Feb 22 , 2018

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

by Sami Grönroos Digitalization, Procurement Trends, e-Procurement

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.

Feb 19 , 2018

3 Reasons Why You Should Care About Quality Catalog Content in E-procurement

by Rowan Lemley Procurement Trends, Source-to-Pay, e-Procurement

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.

Feb 06 , 2018

The Challenges of International e-Invoicing

by Heikki Pulli e-invoicing Trends, Buyer-Supplier Ecosystem, Digitalization, Business Network, E-invoicing

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.

Feb 01 , 2018

Chase Cash Out of Hiding! And Other Key Benefits of a Centralized Treasury

by Jaakko Kilpinen Treasury Optimization, Finance Centralization, Cash Management, In-House Banking

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.

Jan 23 , 2018

7 Signs That It Is Time to Rethink Your Bank Connection Strategy

by Jukka Sallinen Treasury Optimization, Finance Centralization, Cash Management, Global Bank Connectivity

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.

Jan 17 , 2018

How EU e-Invoicing Initiatives Will Shape the Market in 2018

by Ahti Allikas e-invoicing Trends, Digitalization, PEPPOL, E-invoicing

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.

Jan 09 , 2018

The Headaches of Global Cash Management

by Jaakko Kilpinen Treasury Optimization, Finance Centralization, Cash Management

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.

Dec 15 , 2017

5 Concrete Tips for Preventing Payment Fraud

by Jukka Sallinen Payment Fraud Prevention, Cash Management, Payments and Financing

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.

Dec 06 , 2017

Regtech Is about to Change the Way Companies Work - Here's Why

by Rydoo Travel and Expense Management

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

Dec 04 , 2017

How to Manage Per Diems in the Most Swift and Easy Way

by Rydoo Travel and Expense Management

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

Dec 01 , 2017

Do More with Your Rydoo App

by Rydoo Travel and Expense Management

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.

Nov 23 , 2017

The Secret to Reducing Costs while Increasing Productivity

by Rydoo Travel and Expense Management

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.

Nov 20 , 2017

How Blockchain Technology Is Changing Trade Financing

by Petri Karjalainen Treasury Optimization, Finance Centralization, Industry Trends and Technology, Payments and Financing

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?

Oct 13 , 2017

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

by Pete Loughlin Digitalization, Industry Trends and Technology, Point-of-View, Procurement Trends, Source-to-Pay, e-Procurement

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!

Sep 27 , 2017

Is 29% Growth in e-Invoicing Enough for Europe?

by Ahti Allikas e-invoicing Trends, Buyer-Supplier Ecosystem, Digitalization, PEPPOL, E-invoicing

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?

Sep 26 , 2017

3 Trends Shaping Blockchain over the Next 12 Months

by Adam Tamburello Industry Trends and Technology

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?

Sep 13 , 2017

Are You Ready for the Post-Invoice Economy and the Future of Source-to-Pay?

by Rowan Lemley Digitalization, Industry Trends and Technology, Procurement Trends, Source-to-Pay

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.

Sep 04 , 2017

How CPOs See the Future? Highlights from the ProcureCon Report

by Rowan Lemley Digitalization, Industry Trends and Technology, Procurement Trends

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.

Jul 30 , 2017

Smooth and Compliant Procurement of a Million Spare Parts Captures Savings on the Bottom Line

by OpusCapita Digitalization, Procurement Trends, Source-to-Pay, e-Procurement

Ramirent struggled to capture the negotiated savings on the bottom line. To close the gap between sourcing and spending, they chose to implement OpusCapita’s e-Procurement system.

Jul 06 , 2017

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

by Jukka Sallinen Payment Fraud Prevention, Cash Management, Payments and Financing

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.

Jun 30 , 2017

How Much Revenue are You Losing to Payment Fraud?

by Adam Tamburello Payment Fraud Prevention, Cash Management, Payments and Financing

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.

Jun 03 , 2017

Procurement Goes Together with Finance

by OpusCapita Point-of-View, Procurement Trends, Source-to-Pay

What do procurement and finance need from each other? CFO of Lassila & Tikanoja, Timo Leinonen and Head of Purchasing at Outotec, Pekka Heikkilä discuss the topic.

Jun 01 , 2017

The State of E-procurement in 2017

by Rowan Lemley Procurement Trends, e-Procurement

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.

May 29 , 2017

Zalando Is Rethinking Retail in a Fashion Ecosystem

by OpusCapita Digitalization, Point-of-View

Kenneth Melchior, Head of Nordics at Zalando, shares his take on evolving ecosystems. “In an ecosystem, we can grow faster and create growth for other players in the industry."

May 05 , 2017

Hands-Free Procurement

by Rowan Lemley Digitalization, Industry Trends and Technology, Procurement Trends, e-Procurement

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

May 04 , 2017

Toward 100% Digital Business Networks

by OpusCapita Buyer-Supplier Ecosystem, Digitalization, PEPPOL, Business Network

A 100 percent digital business-to-business network: utopia? Not at all! Organizations can already embark on the journey toward entirely digital selling, buying, and paying.

Apr 30 , 2017

Procurement Takes the Lead in Building the P2P Value Chain

by OpusCapita Digitalization, Procurement Trends, Source-to-Pay, e-Procurement

Procurement function is uniquely positioned to raise the game for the whole organization. It is time to put the emphasis on the first P in the purchase-to-pay chain!

Apr 24 , 2017

PSD2 Speeds up Digitalization in Cash Management

by Jukka Sallinen Industry Trends and Technology, Cash Management, Liquidity Management, Payments and Financing

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.

Apr 19 , 2017

Smarter Procurement in MRO

by Rowan Lemley Procurement Trends, e-Procurement

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.

Mar 29 , 2017

Modern Procurement Systems Bring Simplicity to Complex Business Environments

by Rowan Lemley Procurement Trends, e-Procurement

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

Mar 23 , 2017

Supply Chain Finance: Ready to Get into the Driver’s Seat?

by Tuomas Unhola Treasury Optimization, Finance Centralization, Payments and Financing

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.

Mar 21 , 2017

B2B Procurement: Shopping That Won’t Exhaust You

by Rowan Lemley Procurement Trends, e-Procurement

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.

Mar 10 , 2017

Machine Learning at Heart

by OpusCapita Payment Fraud Prevention, Industry Trends and Technology, Point-of-View, Cash Management, Payments and Financing

“Machine learning is the most challenging and also the most rewarding part of artificial intelligence – it is the part which truly makes a machine intelligent and adaptable.”

Mar 09 , 2017

PEPPOL Reaches Europe: Join the Growing Network!

by Heikki Pulli e-invoicing Trends, PEPPOL, Business Network, E-invoicing

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.

Mar 06 , 2017

Concrete Steps for Fraud Prevention in Your Organization - Five Measures You Can Take Right Now

by Karl-Henrik Sundberg Payment Fraud Prevention, Cash Management, Payments and Financing

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

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

by Karl-Henrik Sundberg Payment Fraud Prevention, Cash Management, Payments and Financing

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.

Feb 24 , 2017

Six Good Reasons to Invest in Electronic Procurement Right Now

by Rowan Lemley Digitalization, Procurement Trends, e-Procurement

Digital transformation is the talk of the town, or should we say industry. In this blog, we'll share convincing arguments for pushing digitalization in procurement.

Feb 16 , 2017

Blockchain Technology Is Now Developing Beyond the Hype

by OpusCapita Industry Trends and Technology, Point-of-View

Blockchain has inevitably crossed your radar screen by now. But what is actually behind the buzz about the most disruptive technology since the invention of the internet?

Jan 19 , 2017

Blockchain for Business

by OpusCapita Industry Trends and Technology

Blockchain technology should be used just for the sake of it - only if it actually brings added value compared to the use of more traditional technologies.

Dec 13 , 2016

Artificial Intelligence Has Arrived in Finance

by OpusCapita Digitalization, Industry Trends and Technology, Point-of-View, Payments and Financing

Robotic Process Automation (RPA) has begun to revolutionize knowledge work in finance and accounting by automating many routine tasks. But the real disruption is still ahead.

Dec 08 , 2016

e-Invoicing is no Longer Enough!

by Rowan Lemley e-invoicing Trends, Digitalization, E-invoicing

After reading the Billentis report on e-invoicing, I’m disappointed. Not with the report, but with the sluggish growth of e-invoicing. Why have so few companies switched over?

Dec 03 , 2016

Where Is Your Delight?

by OpusCapita Digitalization, Point-of-View

Jonas Kjellberg, the former CEO of Skype, shared his inspiring insights and visions on digitalization and the disruptions ahead with OpusCapita customers.

Nov 22 , 2016

Toward a Successful Digital Business Network – Step 5: A New Era

by Heikki Pulli Buyer-Supplier Ecosystem, Digitalization, Business Network

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.

Nov 16 , 2016

Accurate Procurement Means Easier Invoicing

by Tobias Wikström Accounts Payable Optimization, Procurement Trends, Invoice Process Automation

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

Nov 05 , 2016

Anders Borg: "We Cannot Accept a Parallel Financial System"

by OpusCapita Digitalization, Point-of-View

Anders Borg, the former Swedish finance minister, says that "Uberization of the banking sector" is currently ongoing with virtual currencies and other digital phenomena.

Nov 04 , 2016

Toward a Successful Digital Business Network – Step 4: The Target Is 100% Digitalization

by Heikki Pulli Buyer-Supplier Ecosystem, Digitalization, Business Network

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.

Oct 26 , 2016

How to Improve Your Invoice Data Quality

by Tobias Wikström Accounts Payable Optimization, Digitalization, Invoice Process Automation

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.

Oct 21 , 2016

Brisk Growth in e-Invoicing and the 3 Drivers Accelerating It Further

by Ahti Allikas e-invoicing Trends, Digitalization, PEPPOL, E-invoicing

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.

Oct 18 , 2016

Toward a Successful Digital Business Network – Step 3: First Practical Measures

by Heikki Pulli Buyer-Supplier Ecosystem, Digitalization, Business Network

The next step in our blog series and in building an effective digital business network is to focus on taking the first practical measures with service providers and suppliers.

Oct 17 , 2016

Four Transformations in Financial Management

by Petri Karjalainen and Henri Wiik Digitalization, Industry Trends and Technology, PEPPOL

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.

Oct 03 , 2016

Toward a Successful Digital Business Network – Step 2

by Heikki Pulli Buyer-Supplier Ecosystem, Digitalization, Business Network

The next step in the transformation to digital processes is to review orgganizational options and decide which type of technology to use to enable digitalization.

Oct 02 , 2016

Why the Cloud Is Winning

by OpusCapita Industry Trends and Technology, Point-of-View, Cash Management, e-Procurement, Invoice Process Automation, Product Information Management (PIM)

With effortless information security and regular enhancements to software functionality, it’s easy to see why cloud-based software services are increasingly the first choice.

Sep 21 , 2016

There Are No Revolutions - Only Leaps In Evolution

by OpusCapita Digitalization, Point-of-View

“What people today call disruptive technology due to the rapid digital development I would rather regard as a leap in an ongoing evolution,” says Thimon de Jong.

Sep 20 , 2016

Purchasing, Finance Administration and Treasury Require Cross-Border Cooperation

by OpusCapita Point-of-View, Procurement Trends, Source-to-Pay

Developing purchasing, payment and cash management functions requires cross-border collaboration and systems, interfaces and automation. We tuned in for an expert panel discussion

Sep 19 , 2016

Toward a Successful Digital Business Network – Step 1

by Heikki Pulli Buyer-Supplier Ecosystem, Digitalization, Business Network

Let's start going over the five most important steps in creating a digital business network. The first one is to focus on planning and creating a model of you want to achieve.

Sep 06 , 2016

Billentis Market Report: From e-Invoicing Toward Broader Digitization

by OpusCapita e-invoicing Trends, Digitalization, E-invoicing

In 2016, the total volume of e-invoices will achieve 30 billion worldwide, estimates the global market research report on e-invoicing published by Billentis.

Sep 05 , 2016

Successful Digital Business Networks in Five Steps

by Heikki Pulli Buyer-Supplier Ecosystem, Digitalization, Business Network

Digitalization is disrupting traditional operating models at an incredible rate. No company survives on its own. This blog series discusses how to create digital business networks

Aug 29 , 2016

Is Your Cash Outflow Safe From Harm?

by OpusCapita Payment Fraud Prevention, Global Bank Connectivity, Payments and Financing

A company loses tens of thousands to fraud. Stories like this have recently hit the headlines as cyber scams continue to spread around the globe. How safe are your cash outflows?

Aug 11 , 2016

PEPPOL Will Change the Game in e-Invoicing

by Ahti Allikas e-invoicing Trends, Buyer-Supplier Ecosystem, PEPPOL, E-invoicing

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.

Aug 08 , 2016

The View from the Top

by OpusCapita Procurement Trends, Source-to-Pay

Redefining purchase-to-pay into an integrated, automated and digital process expands horizons for corporate CFOs and CPOs, both of whom are reaching for control and compliance.

Jul 10 , 2016

Effortless Electronic Exchange Is the Key

by OpusCapita e-invoicing Trends, PEPPOL, E-invoicing

What are the key benefits of the PEPPOL network? How will PEPPOL advance in the coming years? OpusCapita Journal had a brief Q&A with experts in the area to find out!

Jul 02 , 2016

Ecosystems Are the New Black

by OpusCapita Buyer-Supplier Ecosystem, Digitalization, Point-of-View, Source-to-Pay, Business Network

We all know ecosystems. Most of us, or the women at least, also know the little black dress. Connecting these two is not as far-fetched as you might first think.

Jun 15 , 2016

5 Tips for a Safer AP Process

by OpusCapita Payment Fraud Prevention, Accounts Payable Optimization, Payments and Financing, Invoice Process Automation

Accounts Payable (AP) is one of the most attractive business processes for fraudsters to target. Get in control of what happens in your AP with these 5 tips!

Jun 06 , 2016

Cash Visibility Is the Key to a Treasurer’s Peace of Mind

by OpusCapita Treasury Optimization, Finance Centralization, Industry Trends and Technology, Point-of-View, Cash Management, Liquidity Management

Improving cash visibility is high on the agenda of many treasurers and cash managers, who too often find themselves struggling to see the whole picture of group liquidity.

May 27 , 2016

Wanted: New Talents and the Cross-Functional Approach

by OpusCapita Point-of-View, Procurement Trends

What are the biggest challenges that the procurement functions of international corporations need to be prepared to mitigate? A specialist in this area, Daniel Weise, answers.

May 19 , 2016

Toward the Digital Disruption in Cash Management

by OpusCapita Finance Centralization, Industry Trends and Technology, Point-of-View, Cash Management

Cash management centralization, new technologies and the future role of treasury function were the hot topics in an expert panel discussion at the Treasury & Cash 2016 event.

Apr 13 , 2016

Steering the Finance Function from Back to Front

by OpusCapita Finance Centralization, Industry Trends and Technology, Point-of-View

The CFO has become a manager of change. The entire finance department needs a change of attitude in order to shake off the traditional back office role!

Mar 11 , 2016

Why Bank Connectivity as a Service Wins Over the Traditional Software Approach

by Jukka Sallinen Finance Centralization, Cash Management, Global Bank Connectivity

You can’t be in business without having a relationship with at least one bank. Most corporates would benefit from choosing bank connectivity as a service. This blog explains why.

Feb 26 , 2016

Will 2016 Be the Year the Paper Invoice Becomes Unnecessary?

by Tobias Wikström e-invoicing Trends, Digitalization, E-invoicing

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.

Feb 22 , 2016

What’s on Top of the CPOs’ Mind? Top 5 Takeaways from the Nordic Strategy Forum

by Martin Casserdahl Industry Trends and Technology, Procurement Trends

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.

Jan 06 , 2016

Companies Struggle to Understand the Phenomenon of Networking

by OpusCapita Digitalization, Industry Trends and Technology, Point-of-View

The gap between companies that are already utilizing the new opportunities and those that are only thinking about their digital strategies is growing all the time.

Nov 17 , 2015

Time to Speed up Digitalization!

by OpusCapita Digitalization, Point-of-View

“Digitalization is a huge opportunity and is actually the only opportunity for Europe," says Esko Aho, former prime minister of Finland. Read more on his views in this interview.

Oct 13 , 2015

Technologists and Economists Have to Come Together

by OpusCapita Digitalization, Point-of-View

Sweden’s former prime minister Anders Borg, shares his views on globalization and the situation where the ideas from science fiction are becoming business reality.

Sep 11 , 2015

Why Do We at OpusCapita Love Working with Standards?

by Jukka Sallinen Industry Trends and Technology, Cash Management, Global Bank Connectivity

For many of us, standardization is not that much of a topic in everyday life. But the benefits of standardization, for instance, in corporate cash management, are indisputable.

Sep 08 , 2015

Security Is Your Best Business Ally

by OpusCapita Industry Trends and Technology, Point-of-View

The expansion of the digital world into all areas of life makes security critical. Security will be a significant competitive advantage, says Jarno Limnéll, an expert in the area.

Aug 05 , 2015

Less Pressure, More Capital

by OpusCapita Treasury Optimization, Finance Centralization, Point-of-View

With historic low interest rates, is it worthwhile to bear the expense of making working capital available? Desirée Backhaus sheds light on the situation.

Jul 01 , 2015

Greetings from a Customer Experience Guru: Go Below the Surface

by OpusCapita Industry Trends and Technology, Point-of-View

A good user experience, in itself, is a new brand value creating a new type of customer loyalty. But nice and pretty alone won't cut it.

Jun 17 , 2015

Lengthening Payment Terms Challenge Nordic Companies

by OpusCapita Accounts Payable Optimization, Accounts Receivable Optimization, Finance Centralization, Industry Trends and Technology, Cash Management, Payments and Financing

The global trend of lengthening payment terms between companies is increasingly affecting the financial situation and operating capabilities of Nordic companies.