The Blog - Part 47

UK government supply chain finance initiative – what could possibly go wrong?

28 Oct 2012 Posted by Pete Loughlin in Supply Chain Finance

It’s good news that the UK government has recognized the opportunity to utilize supply chain finance as a means of freeing up the availability of credit for small business. Allowing small businesses to borrow money to fund early payment of their outstanding invoices on credit…

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Small-and-medium-sized organisations to get paid within days of submitting an invoice through OB10 Express Payments

25 Oct 2012 Posted by Pete Loughlin in e-invoicing, Electronic Invoicing, Financial Supply Chain Management, News, Supply Chain Finance

A unique supply chain finance solution from OB10 improves companies’ working capital and cash flow OB10, the e-Invoicing network that handles £90bn of payments each year, has launched OB10 Express Payments, a unique supply chain finance service that allows organisations to receive payment on approved…

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Purchasing Insight meets Spend Matters – Coffee with Jason Busch

18 Oct 2012 Posted by Pete Loughlin in Podcasts

If you don’t already read Spend Matters, you should. Jason Busch, based in Chicago, established Spend Matters in 2004 and it’s grown from being a simple blog to one of the most authoritative online resources for procurement people that there is. The style and content…

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Tradeshift and PrimeRevenue announce partnership

15 Oct 2012 Posted by Pete Loughlin in e-invoicing, Electronic Invoicing, Financial Supply Chain Management, Supply Chain Finance

The synergy between supply chain finance and e-invoicing is something that we’ve written about many times and it is therefore not surprising to see companies like Tradeshift and PrimeRevenue creating collaborative relationships.

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e-procurement is a waste of money

15 Oct 2012 Posted by Pete Loughlin in e-Procurement, e-Procurement Software, P2P Europe, Public Sector Procurement, Purchase to Pay, Purchase to Pay Process

Ever since I read Hell’s Angels by Hunter S Thompson, I’ve always found the image of bikers compellingly attractive. And so I’ve not spared any cash when it comes to getting my own image right. When I’m wearing my black Rukka Merlin jacket with matching…

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Financial supply chain management and the fallacy of the one-off hit

15 Oct 2012 Posted by Pete Loughlin in Dynamic Discounting, Financial Supply Chain Management, Supply Chain Finance

Ask a CFO why he shouldn’t pay suppliers early in return for lower prices and he or she is quite likely to say “It’s fine occasionally but generally it just gives a one-off hit”. I had this exact conversation with a a CFO of a…

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The EU Commission and the golden rules of purchase to pay – part 2 – purchase to pay priorities

10 Oct 2012 Posted by Pete Loughlin in AP Automation, Dynamic Discounting, e-invoicing, e-Procurement, Electronic Invoicing, EU Commission, Financial Supply Chain Management, P2P Europe, Public Sector Procurement, Purchase to Pay, Purchase to Pay Process

The European Commission has declared some ambitious targets for e-procurement. They reckon that €2 trillion can be saved and they intend to get government organisations using purchase to pay best practice to deliver these savings by 2016. These targets are of course way too ambitious….

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