Electronic Invoicing Vision The European Commission wants electronic invoicing to be adopted broadly across the Europe Union and for e-invoicing to become the predominant invoicing method by 2020. It has published a communication entitled 'Reaping the benefits of electronic invoicing (e-invoicing) for Europe' in which it...
It's standard business practice. Chase customers for payment as soon as possible and pay your suppliers as late as possible. Cash is king and in some industries - retail being a prime example - cash flow is the pivot of profitability that can make the...
[vc_row css_animation="" row_type="row" use_row_as_full_screen_section="no" type="full_width" angled_section="no" text_align="left" background_image_as_pattern="without_pattern"][vc_column][vc_column_text]Like many things in business, this isn’t a new idea. I clearly recall signing secrecy documents in order to take part in discussions with a bank in 1997 about how a new factoring model that would leverage the...
Let’s indulge for a while in a purchasing and finance fantasy where a CFO and a CPO have a constructive conversation about how best to manage working capital. Suppose there’s a supplier – a strategic supplier with whom the company spends a lot of money...