Visions taking shape
Over the past months we have been hard at work ramping up our extended purchase-to-pay capability in line with our new strategy. In this final newsletter of the spring, we bring you selected stories related to the development of our buyer-supplier ecosystem offering.
Our vision of a global and seamless business ecosystem is taking shape more clearly as the integration of the recently-acquired jCatalog progresses. We are consolidating the wisdom of the enterprise customers of both companies to gain new perspectives on the technologies, standards and other developments in the market. Over the coming months, our combined offering will be made available to both existing and new customers.
We share with you the recent Billentis Market Report, which gives a global view on e-invoicing. The report confirms the trends we have seen in the market: corporations are turning their focus to the additional benefits that digital transactions can provide in procurement, payments and cash management processes.
Electronic invoices help to unlock the automation and increase the visibility and efficiency of purchase-to-pay-chains. An interesting discussion took place in May at the OpusCapita Finance Forum in Helsinki, where the heads of procurement, finance and treasury functions of numerous Finnish enterprises sat down to exchange their insights on developing the P2P process. As you can read in this newsletter, all three emphasized the importance of automation.
Finally, take a look at the experiences of a major customer of ours in Austria. ÖBB Group, the Austrian Federal Railways, increased automation in purchasing, optimized processes and gained significant cost savings with jCatalog’s e-procurement tools. In addition, the process of ordering equipment is now much more convenient for their nearly 40 000 employees.
Wishing you a relaxing summer!