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My good friend and opposite number at Spend Matters, Jason Busch, had the privilege to speaking to Clalit Healthcare services a some time ago to understand how they've managed to achieve such high levels of straight through processing in their accounts payable. Clalit Healthcare Services is Israel’s leading health care organizations and one of the world’s largest. It is revolutionizing the management of its entire procurement processes and supplier collaboration using the Nipendo Supplier Cloud platform. Clalit Healthcare Services is the world’s second largest HMO operating 1,400 clinics, 14 hospitals, more than 400 pharmacies, and over 800 other medical facilities. With an annual purchasing volume of over US$ 2.5 billion, Clalit receives over 2 million invoices a year issued by thousands of suppliers. Over 1,500 employees are involved in the procurement and A/P functions.

I’d grown accustomed to the sunshine that we’ve enjoyed in the UK for most of the summer and yesterday, ill-equipped for normal British weather, I got soaked, literally to the skin, in an unexpectedly heavy rain shower in London. Summer’s almost gone and there’s definitely a change in the air. It’s been a long time coming but now the convergence of demand for liquity amongst cash strapped small businesses and the supply of alternative funds seems to be happening. There was some big news on these lines last week when OB10’s acquisition was announced. There’s a few new players joining the market that we’ll hear a lot about in the coming weeks. All of this is very interesting but today’s news is quite simply breathtaking. Tradeshift signaled some time ago that they were going to be leveraging their platform to deliver some form of supply chain finance offering to support small businesses but today they’ve lifted the lid on their plans and revealed exactly what it is they’ll be doing. In a nutshell it’s this: $3 billion.

When it comes to electronic trading, the Latin Americans, most notably Brazil, Mexico, Argentina and Chile, put the so-called developed countries to shame in terms of their ambition. While the Europeans continue to support business processes hardly changed since they were developed by the spice merchants of Venice during the Renaissance, South American governments are building business and tax collection infrastructures that many of us would never have dreamt possible.

The news that OB10 is to go public broke last night - actually a little prematurely - but now it's official and Tungsten and OB10 have announced their intentions. I spent 20 minutes on the phone with a delighted Luke McKeever, OB10's CEO, earlier today to understand the details of the deal that values OB10 at £99 million. Actually, the details are a little mundane - their IPO is of course subject to raising the cash - but assuming they do it will be used to buy out existing shareholders, to build bigger better infrastructure and technology and bolster Express Payments with funds to directly fund some new and innovative supply chain finance offerings. "That's not mundane" you might think - but it is - it's positively pedestrian compared to what Luke told me they are going to be doing in addition to all of this.

In the final extract from The Supplier Engagement Handbook, Jo Harris shares best practices that will help ensure that all of suppliers – not just those with the highest volumes – adopt e-invoicing. Self-guided enrollment To roll out e-invoicing successfully, all suppliers must participate, from the largest and most strategic to the smallest, occasional vendor. You can run self-guided enrollment alongside your high-touch outreach with sophisticated techniques that quickly engage your thousands of lower-volume suppliers. For self-guided enrollment to be effective, the following components are crucial:

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