Blog about financial processes

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?

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?

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 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?

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 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.

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 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 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.

November 20, 2017

How Blockchain Technology Is Changing Trade Financing

by Petri Karjalainen Treasury Optimization, Finance Centralization, Industry Trends and Technology, Payments and Financing

Over the past few years, blockchain technology has been declared to transform a number of different financial and business processes. How will it transform trade financing?

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 26, 2017

3 Trends Shaping Blockchain over the Next 12 Months

by Adam Tamburello Industry Trends and Technology

There’s been a lot of hype and an enormous investor interest around blockchain over the last few years. But what does all of this mean for the technology in the near future?

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.

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.

April 24, 2017

PSD2 Speeds up Digitalization in Cash Management

by Jukka Sallinen Industry Trends and Technology, Cash Management, Liquidity Management, Payments and Financing

In less than 300 days, EU member states need to have implemented the Revised Payment Services Directive (PSD2) into their legislation. Change in the financial industry is evident.

March 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.”

February 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?

January 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.

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.

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 02, 2016

Why the Cloud Is Winning

by OpusCapita Industry Trends and Technology, Point-of-View, Cash Management, e-Procurement, 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.

June 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 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.

April 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!

February 22, 2016

What’s on Top of the CPOs’ Mind? Top 5 Takeaways from the Nordic Strategy Forum

by Martin Casserdahl Industry Trends and Technology, Procurement Trends

I and some fellow opuscapitans participated in the Nordic Strategy Forum CPO in Riga. I thought I would share with you my key takeaways from the event.

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.

September 11, 2015

Why Do We at OpusCapita Love Working with Standards?

by Jukka Sallinen Industry Trends and Technology, Cash Management, Global Bank Connectivity

For many of us, standardization is not that much of a topic in everyday life. But the benefits of standardization, for instance, in corporate cash management, are indisputable.

September 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.

July 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.

June 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.