Blog about financial processes

Oct 16 , 2018

The Inevitable Challenges with Procurement of Services

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

May 28 , 2018

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

by Rowan Lemley Procurement Trends, 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.

Apr 13 , 2018

Supplier Performance Management: Why Should You Care?

by Rowan Lemley Procurement Trends, 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.

Feb 22 , 2018

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

by Sami Grönroos Digitalization, Procurement Trends, eProcurement

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.

Feb 19 , 2018

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

by Rowan Lemley Procurement Trends, 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.

Sep 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.

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.

Jun 01 , 2017

The State of eProcurement in 2017

by Rowan Lemley Procurement Trends, eProcurement

In the following blog post I’ll try to summarize my thinking on the recent report produced by SSON and OpusCapita titled Indirect Procurement: 2017 Market Report.

May 05 , 2017

Hands-Free Procurement

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

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

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!

Apr 19 , 2017

Smarter Procurement in MRO

by Rowan Lemley Procurement Trends, eProcurement

MRO management is a balancing act that demands a modern procurement platform with workflow automation. It’s about allocating and managing resources as efficiently as possible.

Mar 29 , 2017

Modern Procurement Systems Bring Simplicity to Complex Business Environments

by Rowan Lemley Procurement Trends, eProcurement

When operations are demanding and time is of the essence, an effective procurement process should bring simplicity and peace of mind.

Mar 21 , 2017

B2B Procurement: Shopping That Won’t Exhaust You

by Rowan Lemley Procurement Trends, eProcurement

I bet all of you have either been or seen that guy in a department store, sitting on the courtesy couch (love that couch!) near the changing rooms waiting for his wife.

Feb 24 , 2017

Six Good Reasons to Invest in Electronic Procurement Right Now

by Rowan Lemley Digitalization, Procurement Trends, eProcurement

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.

Nov 16 , 2016

Accurate Procurement Means Easier Invoicing

by Tobias Wikström Accounts Payable Optimization, Procurement Trends, Invoice Process Automation

It’s no secret that the invoice handling process in best-in-class organizations operates like clockwork. But just how do they achieve this?

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.

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.

Feb 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.