Blog about financial processes

March 12, 2019

Are we ready for the second phase of digitalization?

by Rowan Lemley Digitalization, Source-to-Pay

The challenges posed by the rapid advancement of technology will require a collaborative approach from businesses if they want to survive.

January 22, 2019

The struggle to create a ‘digital business’ and why we fail

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

According to recent reporting, most CFO/CIOs are on the path of digital transformation - but the majority fail to achieve their ambitions. Why?

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.

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.

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.

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 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.

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

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.

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.

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?

February 22, 2018

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

by Sami Grönroos 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 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.

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.

October 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, E-procurement

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!

September 27, 2017

Is 29% Growth in e-Invoicing Enough for Europe?

by Ahti Allikas e-invoicing Trends, Buyer-Supplier Ecosystem, Digitalization, PEPPOL, E-invoicing

1.6 billion e-invoices. The figure from EESPA confirms that e-invoicing continues to make headway in Europe, showing increase of 29% on previous year’s volumes. But is it enough?

September 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.

September 04, 2017

How CPOs See the Future? Highlights from the ProcureCon Report

by Rowan Lemley Digitalization, Industry Trends and Technology, Procurement Trends

100 procurement leaders shared their views on the future of procurement in the ProcureCon survey. Here’s why you should be interested in their answers.

July 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, E-procurement

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 e-Procurement system.

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 05, 2017

Hands-Free Procurement

by Rowan Lemley Digitalization, Industry Trends and Technology, Procurement Trends, E-procurement

Web-based procurement (or e-procurement) was originally seen first and foremost as a better way to order catalog products than with older desktop-based procurement systems.

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.

April 30, 2017

Procurement Takes the Lead in Building the P2P Value Chain

by OpusCapita Digitalization, Procurement Trends, Source-to-Pay, E-procurement

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!

February 24, 2017

Six Good Reasons to Invest in Electronic Procurement Right Now

by Rowan Lemley Digitalization, Procurement Trends, E-procurement

Digital transformation is the talk of the town, or should we say industry. In this blog, we'll share convincing arguments for pushing digitalization in procurement.

December 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.

December 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?

December 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.

November 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.

November 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.

November 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.

October 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.

October 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.

October 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.

October 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.

October 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.

September 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.

September 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.

September 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.

September 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

July 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.

February 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.

January 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.

November 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.

October 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.