Economic Damnation 07: The 1%
“The 1%” was coined in 2011 to refer to the US income and wealth inequality where the concentration of wealth among the top 1% is significantly above the national average. On average, the 1% earn well...
View ArticleWhen it Comes to Procurement, Don’t Forget Finance!
Surveys regularly ask Finance to rate Procurement effectiveness, but is this the right question to be asking? Maybe Procurement should be rating Finance effectiveness? After all, is it necessarily...
View ArticleWhy Finance is Failing Procurement
Today’s guest post is from Pierre Mitchell, the maverick of Spend Matters, who needs no introduction. I’m doing a 5-7 minute poll (here) on Procurement-Finance misalignment (in conjunction with ISM)....
View ArticleEconomic Damnation 02: Bank Failure
As per Wikipedia, a bank failure occurs when a bank is unable to meet its obligations to its depositors or other creditors because it has become insolvent or too illiquid to meet its liabilities. Since...
View ArticleEconomic Damnation 01: Fiscal Crisis
Bank Failure, which can be a result of fiscal crisis, is pretty bad, but the fiscal crisis that precedes it is often much worse. This is due to the fact that while a bank failure only affects the...
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Economic Damnation 08: Outdated Financial Models
Or, more accurately, outdated financial assumptions. Finance lives and dies by metrics that go by three (and four) letter acronyms such as CAPM, CFC, COGS, DSO, EPS, etc. If these don’t “add up”,...
View ArticleRegulatory Damnation 33: Taxation
Yet another damnation you’ve been waiting for. In our modern world, at least if you believe the futurists who think that cybernetics will eventually allow us to preserve our mind and live forever, it’s...
View ArticleOrganizational Damnation 57: Finance
We’ve covered quite a few organizational damnations to date. (Nine to be exact.) But, as with the other damnation categories, we’ve saved the best for last. Marketing was bad. Sales was often worse....
View ArticleGeopolitical Sustentation 33: Taxation
As we stated in our original damnation post, taxation may be the only certainty left (especially if the futurists who think that cybernetics will eventually allow us to preserve our mind and live...
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How to Save a Whopping £500 on 1.0M of Spend!
Unless you are a best-in-class purchasing organization (and that is not the case for 92% of you), then you need to save. Budgets are shrinking. Costs are rising. Growth and consumer spend is...
View ArticleEconomic Sustentation 02: Bank Failure
As indicated in our original damnation post, Wikipedia states that a a bank failure occurs when a bank is unable to meet its obligations to its depositors or other creditors because it has become...
View ArticleThe Death of Factoring Will Be Highly Exaggerated
Last Friday, Spend Matters published a great Friday rant by the prophet aptly titled Die Factoring, Die! because Factoring can be the death of many an uninformed supplier who, like desperate...
View ArticleIf AP is the Tax Department, Make Sure They Optimize Tax Recovery!
A recent guest post on spend matters that called Accounts Payable: The New Tax Department noted that as governments worldwide continue the fight against tax fraud, they are requiring more data from...
View ArticleA Financial Health Check Should Be a Pre-Qualification of Every Supplier...
And every organization should review a financial health or risk report, comprised of, or augmented with, third party data, and, unless they are (or have in-house) financial experts, this should...
View ArticleOversight for more than just your Travel & Expense budget management
Oversight is an Atlanta-based software (as a service) company founded back in 2003 to help organizations monitor spending in an effort to identify errors, waste, misuse, and fraud in the grey area of...
View ArticleBuyer Beware! A Tax Efficient Supply Chain is Not a Tax Effective Supply Chain!
Many global consultancies with large tax practices and some supply chain capability like to preach tax efficient supply chains and how they can help you optimize your global supply chain to minimize...
View ArticleFujitsu is Launching a Blockchain Money Transfer Service
Which is a step in the right direction, but it’s not enough. As per a recent article, Fujitsu Eyes Cryptocurrency Trading with Cross-Blockchain Payments Tech. The goal of the platform is to allow two...
View ArticleSI Won’t Be Paying (or Taking) BitCoin Anytime Soon …
According to a recent Guardian Headline, the Japanese firm GMO Internet will start to pay a portion of its employees salaries in the cryptocurrency Bitcoin in an effort to gain a better understanding...
View ArticleGood Working Capital Management is More than Just Timing Payables and...
A few years ago we ran a post on the essence of good working capital management. We noted that, at least from a basics point of view, all one really has to do is: Get a grip on receivables. When are...
View ArticleAspects of the Tax Efficient Supply Chain
Many companies overlook function-based tax planning where the supply chain is involved. Considering that tax reductions, or even tax payment delays in Free Trade Zones can save a company millions and...
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