Dynamic Discounting

Tradeshift, and Taulia have announced a partnership.  Tradeshift’s enterprise customers can now integrate to SAP® with Taulia’s advanced connector. The press release yesterday announced that Taulia will launch its Dynamic Discounting application on the Tradeshift network for businesses of all sizes, adding value for both buyers and suppliers and easing the invoicing process for all. We spotted the potential of both Taulia and Tradeshift in their early days and we've followed their progress with great interest. Indeed, both have subsequently become sponsors of Purchasing Insight and it's exciting therefore to see them capitalize on the synergy that exists between them.

I’ve heard more reasons why not to use supply chain finance than I’ve heard good reasons to use it. The problem appears to be that those advocating it are the sales people. They would say that wouldn’t they? And those arguing against it are the accountants and treasury managers – and they’re the “experts”. What we don’t get to hear is a real example of what it can deliver. Until now.

Today, we're delighted to welcome a guest post from Lars Rolf Jacobsen - Financial Solutions Manager at Tradeshift. Size matters. Throughout history, it has always been the case that the bigger company in a relationship has all the power. And financial transactions are no exception to this rule. But the rise of the internet has leveled the playing field in some aspects of business. Now, any small company can use Skype to communicate for free with suppliers and buyers across the world. Whole workforces can be recruited and managed through the web, meaning that talent is cheaper and easier to control. And with e-commerce, any company can market and sell a product to a global audience.

Let's get something straight at the outset. I'm not about to suggest that users of e-invoicing networks will want to use them to play Farmville. But what I can see is that the transactional platforms will become free to use as service providers offer other value added services and I want to explain why.

Ready for the new year, Patrick Harbin has published and amazing 50 ways to reduce costs in accounts payable.  They say about new year’s resolutions that you should ensure they are achievable so for those that think 50 major change management  programs in one year - that’s 1 per week – is a little too much, you might want to consider the first 5 because we think the first 5 are the best 5.