Blog 2018 - OpusCapita

December 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.

December 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.

December 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.

November 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.

November 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.

November 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.

October 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.

October 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.

October 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.

October 10, 2018

CFO, Why You Too Should Care About Spend Under Management

by Sami Gronroos 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.

October 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.

September 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?

September 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.

September 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?

August 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.

August 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.

July 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?

July 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?

July 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

June 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?

June 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.

June 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, OpusCapita, 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.

April 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.

April 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.

April 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.

March 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.

March 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.

March 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?

March 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?

March 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.

February 26, 2018

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

by OpusCapita Treasury Optimization, Accounts Receivable Optimization, OpusCapita, 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.

February 22, 2018

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

by Sami Gronroos 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.

February 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.

February 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.

February 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.

January 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.

January 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.

January 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.