Supplier Innovation Can Bridge Finance and Suppliers, but Reverse Financing...
Reverse factoring is definitely a finance innovation, especially when many finance departments still think squeezing the supplier on margin is a good thing, but it’s a buyer(-led) innovation (and one...
View ArticleTop 12 Challenges Facing India in the Decades Ahead – 09 – Taxation
India has a lot of challenges ahead of it whose solution requires capital. Lots of capital. This capital is going to have to come from taxes. But in this regards, India also has a lot of challenges....
View ArticleBasware: P2P for the Global “E” Part II
Late last fall, we introduced you to Basware, Procure-to-Pay for the Global “E”. Founded in 1985 in Espoo, Finland (as Baltic Accounting Systems), Basware has been delivering enterprise finance...
View ArticleBasware: P2P for the Global “E” Part III
In yesterday’s post, we continued our introduction to Basware, a Finnish provider of enterprise finance solutions that serves the global e-Commerce, P2P, and AP Automation marketplace with over 2,000...
View ArticleNine Rules for Insuring the Dash For Cash
CFO World recently published a short piece on ending the dash for cash in which they outlined then steps to success that an organization can take to help shrink working capital in which they got it...
View Article15 Years Ago Today, The Internet Rocket Begins to Run Out of Fuel
15 Years Ago today, the Dow Jones Industrial Average closes above the 10,000 mark for the first time during the height of the Internet boom. It was the beginning of the end, which started a year later...
View ArticleIs Supply Chain Finance the new Prisoner’s Dilemma?
In the classic logic problem known as the prisoner’s dilemma, there are two prisoners, being held on a minor charge (such as breaking and entering) which comes with a 1 year prison term, suspected of...
View ArticleThe New Silk Road Might Be the Biggest Boon to Supply Chain Finance This Year
In yesterday’s post, we asked what impact will the new silk road have on global trade. Specifically, what impact will the new Russia, China, and Germany trade partnership have on global trade —...
View ArticleRisk Management and Suppliers: How Banks can Comply with the OCC’s Guidelines...
Today’s guest post is from Rebecca Lorden, Business Development and Marketing Manager of Source One Management Services, LLC. In October of 2013, the Office of the Comptroller of the Currency released...
View ArticleWhy Do Suppliers Get Screwed?
In our recent series, we noted that Supplier Pre-Payment where pre-payment is made within the supply chain is an advanced concept and not one even most of the Supply Chain Leaders are doing … even...
View ArticleProcurement Trend #24: Better Governance Model
Twenty-one dreary, and weary, trends still need to be discussed, so let’s keep the fire burning. The sooner we get through these, the sooner we can expose these charlatans once and for all. So why do...
View ArticleCPOs Deserve to be in the C-Suite
And the general belief is that because Supply Management is so important to organizational success, CPOs should report to the CEO. And while this should be the case in theory, should it be the case in...
View ArticleIt’s Illegal to Burn Money, But Yet Your Organization Does It Every Day! (So...
Title 18, Section 33 of the United States Code says you shall not mutilate, cut, disfigure, perforate, unite or cement together, or do any other thing to any bank bill, draft, note, or other evidence...
View ArticleProcurement Trend #07. Supplier Pre-Payment
Four anti-trends remain. We can count them on one-hand’s worth of fingers, but like LOLCat, we feel more compelled to provide examples of how far beyond retro the futurists really are when they provide...
View ArticleEconomic Damnation #05: Currency Strength
As indicated in the prologue to this series, there are dozens upon dozens of challenges being thrown at you as a Procurement professional on a daily basis. Causing you nothing but grief and agony,...
View ArticleRegulatory Damnation #34: Tariffs
While taxes alone are not damning, as taxes, like death, are one of the only two certainties in life, tariffs, on the other hand, are one of the ongoing nightmares of the Procurement world. Tariffs...
View ArticleTechnological Damnation #77 e-Currency
We started out our series with the Economic Damnation of Currency Strength, which, thanks to the recent unexpected fluctuations in certain global currencies, probably has you shaking in your boots. But...
View ArticleEconomic 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)....
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