BLOG 2016 - OpusCapita

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!

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.