Blog about financial processes

Jul 02 , 2018

4 Concrete Steps to Purchase-to-Pay Implementation Success

by OpusCapita Digitalization, Procurement Trends, Source-to-Pay, eProcurement, 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?

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.

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, eProcurement

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 eProcurement system.

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.

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 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, eProcurement

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!

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.”

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 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 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.

Oct 02 , 2016

Why the Cloud Is Winning

by OpusCapita Industry Trends and Technology, Point-of-View, Cash Management, eProcurement, 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 06 , 2016

Billentis Market Report: From e-Invoicing Toward Broader Digitization

by OpusCapita Digitalization, e-Invoicing Trends, 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.

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 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!

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 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.