Blog about financial processes

Jul 02 , 2018

4 Concrete Steps to Purchase-to-Pay Implementation Success

by OpusCapita Digitalization, Procurement, Source-to-Pay, eProcurement, Accounts Payable 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, 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 Working Capital 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 Procurement, 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, 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 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, 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 Trends and Technology, Cash Management

“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 Post-Invoice Economy, Trends and Technology

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 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, Trends and Technology, 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 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 29 , 2016

Getting the most out of invoice automation

by OpusCapita Accounts Payable Automation

Touchless invoice processing is a key objective for many corporations. But until now many have missed out on the true efficiency and control that comes from managing invoices

Nov 05 , 2016

We cannot accept a parallel financial system

by OpusCapita 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 28 , 2016

Valmet moved its GLOBAL PAYMENTS TO THE CLOUD

by OpusCapita Finance centralization, Cash Management, Global Bank Connectivity

A cloud-based payment solution with global bank connections is the new backbone for Valmet's harmonized payment management.

Oct 02 , 2016

Why the cloud is winning

by OpusCapita Trends and Technology

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 financing require Cross-border cooperation

by OpusCapita Point-of-view, Procurement, Source-to-Pay

Many companies are taking a closer look at their purchase-to-pay processes. Supply chains are extending further and further, while optimal production costs are increasing.

Sep 06 , 2016

Billentis Market Report: From e-invoicing towards broader digitization

by OpusCapita e-Invoicing, Digitalization, e-Invoice receiving, e-Invoicing sending

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, Payments and Financing

Company loses tens of thousands to fraud. Stories like this have recently hit the headlines as cyber scams continue to spread around the globe.

Aug 08 , 2016

The view from the top

by OpusCapita Procurement, 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, PEPPOL, e-Invoice receiving, e-Invoicing sending

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, 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 26 , 2016

OpusCapita expanding purchase-to-pay capabilities

by OpusCapita OpusCapita, Procurement

Believe me when I say: Strategy work can generate real surprises! The main purpose of every strategy renewal is to set the direction for future succes.

Jun 15 , 2016

5 tips for a safer AP Process

by OpusCapita Payment Fraud Prevention, Payments and Financing, Accounts Payable 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 Point-of-view, Trends and Technology, 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

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 23 , 2016

Procurement departments must be prepared for constant fire-fighting

by OpusCapita

The world has been highly dynamic and volatile over the last decade. Procurement departments must be prepared for constant fire-fighting.

May 19 , 2016

OpusCapita at Treasury & Cash 2016

by OpusCapita Finance centralization, 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

Janeka Rauva, CFO, Tallink Silja Oy: Steering the finance function from back to front

by OpusCapita 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 18 , 2016

Speeding up e-invoicing

by OpusCapita e-Invoicing, PEPPOL, e-Invoice receiving, e-Invoicing sending

The two major associations promoting electronic invoicing in Europe, EESPA (European E-invoicing Service Providers Association) and OpenPEPPOL, have joined forces.

Mar 11 , 2016

How to adapt to the transformation of work

by OpusCapita Point-of-view

The industrial age ideal where people are the experts in one field is soon to be replaced by expertise in two or three fields. What does it mean for individuals and corporates?

Jan 06 , 2016

Companies struggle to understand the phenomenon of networking

by OpusCapita 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.

Jan 04 , 2016

A perfect match

by OpusCapita OpusCapita

Recently OpusCapita sharpened its strategic focus, and announced its ambition to become a leader in the global buyer-supplier ecosystem.

Nov 17 , 2015

Wake up, Europe!

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.

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 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.

Sep 01 , 2015

Management by Moving Around

by OpusCapita Point-of-view

NCC is one of the leading construction and development companies in northern Europe, with a turnover of more than six billion euro and 18 500 employees.

Aug 09 , 2015

SATO is building a seamless purchase-to-pay chain

by OpusCapita Procurement, Source-to-Pay, Accounts Payable Automation

The housing investment company SATO Corporation has a clear goal: a predictable, transparent process from purchase to payment.

Aug 05 , 2015

Less pressure, more capital

by OpusCapita Point-of-view, Working Capital Optimization

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 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 Working Capital Optimization, Payments and Financing

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

May 29 , 2015

Europe, it’s time to benefit from digitalization!

by OpusCapita Digitalization, Point-of-view

Robotics and artificial intelligence, internet of things, big data. The phenomena of digitalization are currently revolutionizing the nature of work across industries.

Mar 15 , 2015

Global Billentis report on e-invoicing: Electronic invoicing is ready to catapult to the next level

by OpusCapita e-Invoicing, Digitalization, e-Invoice receiving, e-Invoicing sending

In 2015, of the 500 billion invoices being issued globally, over 42 billion will be exchanged electronically, estimates the annual market research report.

Dec 01 , 2014

The economic situation calls for more efficient order-to-cash processes

by OpusCapita Working Capital Optimization, Accounts Receivable Automation

The order-to-cash (O2C) process is critical for liquidity and working capital management, which are the main concerns of CFOs in the prevailing global economic situation.

Sep 03 , 2014

European e-invoicing service providers processed more than 800 million e-invoices

by OpusCapita

EESPA commissioned this first annual survey among its members as part of a continuing commitment to supporting the rapid market growth of e-invoicing.