Blog about financial processes

Oct 16 , 2018

The Inevitable Challenges with Procurement of Services

by Rowan Lemley Procurement, Source-to-Pay, eProcurement

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.

Oct 10 , 2018

CFO, Why You Too Should Care About Spend Under Management

by Sami Grönroos Procurement Trends, Source-to-Pay, Sourcing, eProcurement

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.

Aug 28 , 2018

3 Trends That Are Driving Procurement Transformation

by Rowan Lemley Digitalization, Procurement, Trends and Technology, Source-to-Pay, eProcurement

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.

Aug 21 , 2018

Mission Impossible: Can You Achieve Total Spend Visibility and Control?

by Rowan Lemley Procurement, Source-to-Pay, eProcurement

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.

Jul 17 , 2018

Who Knew MRO Was So Complicated?

by Rowan Lemley Procurement, Trends and Technology, Source-to-Pay, eProcurement

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?

Jul 02 , 2018

4 Concrete Steps to Purchase-to-Pay Implementation Success

by OpusCapita Digitalization, Procurement, 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

May 28 , 2018

Why Does Amazon-Like User Experience and Guided Buying Matter in e-Procurement?

by Rowan Lemley Procurement, Source-to-Pay, eProcurement

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, 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.

Apr 13 , 2018

Supplier Performance Management: Why Should You Care?

by Rowan Lemley Procurement, Source-to-Pay, eProcurement

Why should corporations turn their focus to their suppliers? In short, effective supplier performance management will reduce various risks and save money.

Mar 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?

Feb 19 , 2018

3 Reasons Why You Should Care About Quality Catalog Content in e-Procurement

by Rowan Lemley Procurement, Source-to-Pay, eProcurement

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.

Oct 13 , 2017

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

by Pete Loughlin Digitalization, Industry Trends and Technology, Point-of-View, Procurement Trends, Source-to-Pay, eProcurement

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!

Sep 13 , 2017

Are You Ready for the Post-Invoice Economy and the Future of Source-to-Pay?

by Rowan Lemley Digitalization, Industry Trends and Technology, Procurement Trends, Source-to-Pay

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.

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.

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!

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

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 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.