Blog

Dec

01

Do More with Your Xpenditure App

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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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Dec

01

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

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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

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

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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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Nov

20

How blockchain technology is changing trade financing

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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

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

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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

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

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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

3 trends shaping blockchain over the next 12 months

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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

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

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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

How CPOs see the future? Highlights from the ProcureCon Report

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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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Sep

01

Why did we ask SIFO to do a large survey about debt collection?

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There are many debt collection surveys. But only one focuses on the consequences of debt collection. Read why OpusCapita decided to conduct a debt collection survey of their own.
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Jul

06

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

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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

How Much Revenue are You Losing to Payment Fraud?

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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

Boost your return on capital employed with supply chain finance

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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

The State of eProcurement in 2017

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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

Hands-free Procurement

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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

25

eSign - your key to the paperless document processes

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Have you already found out how to take the most out of digitalization? Perhaps you have already set a goal to make your office and customer related processes paper free?
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Apr

24

PSD2 speeds up digitalization in cash management

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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

Smarter Procurement in MRO

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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

Modern procurement systems bring simplicity to complex business environments

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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

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

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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

B2B Procurement: Shopping that won’t exhaust you

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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

15

5 reasons to consider hiring a consultant

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There’s an HBO drama called ‘House of Lies’. The series is entertaining, but plays on many of the negative stereotypes that prevail about management consultants.
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Mar

09

PEPPOL reaches europe: join the growing network!

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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

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

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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

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

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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

Six good reasons to invest in electronic procurement right now

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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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Jan

16

Are your document management practices outdated?

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Having worked with various types of companies for years, I have noticed that companies manage their documents in a surprisingly decentralized manner.
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Dec

20

The 5 major costs of poor document management

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Managing electronic documents incorrectly can cause your company a number of problems, the most serious of which is that you may even be breaking the law.
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Dec

08

e-Invoicing is no Longer Enough!

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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

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

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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

Accurate procurement means easier invoicing

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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

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

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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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Nov

03

Making sense of managing data

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In today’s digital economy, it’s essential for companies to have a data management strategy. But where should you start? What goals should you set?
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Oct

26

IN FOCUS – Improving your invoice data quality

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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

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

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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

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

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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

Four transformations in financial management

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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

Towards a successful digital business network – Step 2

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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

Towards a successful digital business network – Step 1

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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

Are you easy to do business with?

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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

Successful digital business networks in five steps

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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

24

Are you ready for the new automation culture?

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Robotic Process Automation, Machine Learning and Artificial Intelligence revolutionize knowledge work. Do these technologies seem like futuristic visions to you? Think again!
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Aug

11

PEPPOL will change the game in e-invoicing

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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

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

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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

Will 2016 be the year the paper invoice becomes unnecessary?

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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

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

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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

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

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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

Risking stagnation – Is your shared service centre treading water?

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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

Why do we at OpusCapita love working with standards?

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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

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

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

20

Put the customer at the heart of your corporate culture

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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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Jul

08

OpusCapita software robots

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May

05

Are unnecessary purchases eating into your profits?

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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

Can you hear the wedding bells ring for the future?

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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

Is your business stuck in a bubble?

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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

Supply chain finance calls for efficient invoice management

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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

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

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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

How to recognize your RPA potential

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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

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

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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

The chain is only as strong as its weakest link

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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

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

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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

New demand for global payment factory solutions

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

12

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

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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

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

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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

Miikka Savolainen: Playing the waiting game is expensive

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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

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

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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

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

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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

Robots soon in financial management and company boards

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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

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

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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

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

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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

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

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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

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

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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

PEPPOL in Norway: trendsetter for e-procurement in EU

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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

Eye tracking survey

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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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