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01 May

Posted at 14:46h in e-invoicing, Electronic Invoicing by
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Industry experts are increasingly calling for an e-invoicing mandate. In the USA as well as Europe, disappointing adoption rates over the last decade look rather embarrassing when compared to the dramatic success in Latin America where the use of electronic invoices for many businesses is not optional. But while a mandate could be seen as enforcing common sense, could there be some unintended consequences that will actually mean that mandating e-invoicing will be counter productive?

24 Apr

Posted at 14:31h in Financial Supply Chain Management, Supply Chain Finance by
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When anyone tells you something is a win-win, they’re usually lying. Where there’s a winner there’s always a loser. But sometimes it does look very compelling. Supply Chain Finance (SCF) offers the possibility of a supplier getting paid early, lowering their cost of working capital and at the same time, the buyer gets to extend their DPO. When something looks too good to be true it usually is. There must be a catch. And actually, there is.

22 Apr

Posted at 04:50h in AP Automation, e-invoicing, Electronic Invoicing by
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Free to suppliers is no longer a big deal in the world of electronic invoicing. It was the headline feature that brought Tradeshift to everyone's attention 3 years ago and it's stood them in good stead. I never considered free to suppliers to be especially disruptive as Tradeshift claimed. It was a unique proposition but now that USP has run out of steam and there's a new new kid on the block threatening to eat Tradeshift's lunch. But Tradeshift have something else up their sleeve and this time, I think it really is disruptive. [caption id="attachment_7544" align="aligncenter" width="600"]Copenhagen Copenhagen - spiritual home of Tradeshift[/caption]

21 Apr

Posted at 07:18h in Financial Supply Chain Management, Supply Chain Finance by
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Isn't it interesting how opposites attract. When the circumstances are just right, people, businesses, natural elements and chemical compounds bind together in synergistic relationships of mutual self interest. Successful supply chain partnerships are just like that and collaborations between very different businesses can create profitable partnerships in which the whole is much greater than the sum of the parts. And isn't it disappointing when different parts of the same organization repel each other like the poles of a magnet. You would think that procurement and finance divisions of the same business would have a similar agenda but when it comes to some matters of finance, buyers have more in common with their suppliers than they have with their own finance people.

19 Apr

Posted at 12:15h in Financial Supply Chain Management, Supply Chain, Supply Chain Finance, The Rest, Vendor Risk Management, Working Capital Management by
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Critical components in your supply chain are at risk - and you may not even know it. There are numerous points of failure in today's complex supply chains and because of the difficulty that upstream suppliers have funding their business from day to day, the risk of a damaging and expensive failure is increasing. And it gets worse. Efforts to cut costs have resulted in leaner, riskier supply chains held together by a network small suppliers. If the risk of financial failure isn't mitigated it could have disastrous consequences - which is why businesses - especially in Europe - should begin to take supply chain finance more seriously.