Blog

MRO management is a constant balancing act that demands a modern procurement platform with effective workflow automation. It’s about allocating and managing resources as efficiently as possible, so that on the one hand working capital and cash flow are optimized, while on the other hand inventories are minimized. Put even more simply, sometimes it’s just being able to search and find a specific part or service for the job at hand. Procurement in logistics is not just an add-on – it’s a central part of asset management strategies.
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When operations are demanding and time is of the essence, an effective procurement process should bring simplicity and peace of mind.
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There is a Finnish saying that if you try and steer your car forward by looking into the rear view mirror, you’ll probably encounter some unintende...
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I bet all of you have either been or seen that guy in a department store, sitting on the courtesy couch (love that couch!) near the changing rooms wai
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There’s an HBO drama series called ‘House of Lies’ that tells the story of a high-flying management consultant, Marty Kaan (played by Don Cheadle) who
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The PEPPOL network is expanding rapidly in different parts of Europe. If you are not yet familiar with this acronym, I encourage you to take a closer
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In the last blog posts, we dug deeper into a recent phenomenon which is CEO fraud. A form of fraud where an attacker mimics the email of the CEO or an
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This or similar might be the start of an email that brings us directly into one of fastest growing forms of cyber fraud, namely CEO fraud.
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Convincing arguments for pushing digitalization in procurement. Digital transformation is the talk of the town, or should we say industry. Left and r
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Having worked with various types of companies for years, I have noticed that companies manage their documents in a surprisingly decentralized manner.
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Managing electronic documents incorrectly can cause your company a number of problems, the most serious of which is that you may even be breaking the
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I’ll admit, I didn’t read the full report but then again, I don’t think it’s meant to be a cover-to-cover read. I’ve been a fan of Bruno’s for a few
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In this series of blogs, we have discussed the way in which companies can achieve a highly digital business network. Even when a company has achieved
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It’s no secret that the invoice handling process in best-in-class organizations operates like clockwork. But just how do they achieve this? It all sta
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When the service is in production and the first experiences have been gathered, it is time to think about expanding the service to cover your entire b
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In today’s digital economy, it’s essential for companies to have a data management strategy. But where should you start? What goals should you set? An
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Developments in invoice processing have made the practice much easier and faster than before, but have also made it more challenging for accounts paya
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Recently, the European E-invoicing Service Providers Association EESPA reported that over 1,25 billion electronic invoices were processed and delivere
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The quickest achievable benefits provide a good starting point for practical measures. In the first stage, the measures should be limited to the five
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The fourth industrial revolution is under way, and technology is advancing in leaps and bounds. Many technological trends also mean changes to compani
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Once the senior management have drawn up their overall digitalization plan, the next decisions that you need to make are which type of organization to
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Two weeks ago, I promised in my blog that during the fall I would discuss the five most important steps in creating a digital business network. The fi
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What would you do if you could start your current business or company anew, right from the start? This is the question to ask now.
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There is no denying that summer is over. The evenings are drawing in and getting colder. Many northern birds are noticing this and heading south.
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Robotic Process Automation makes it possible to automate tasks that were once thought to be impossible to automate. Machine Learning and Artificial In
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Are you keen on e-invoicing? If yes, then PEPPOL (Pan-European Public Procurement Online) probably is on your radar screen already. And if it is not,
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You can’t be in business without having a relationship with at least one bank. Every corporate has had to solve their bank connectivity,
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Did you make any New Year’s resolutions this year?
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I and some of my fellow opuscapitans were thrilled to participate in the Nordic Strategy Forum CPO in Riga this February.
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Many of us have read and witnessed how cybercrime and fraud has become one of the most significant risk management topics for corporates. However, des
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KPMG recently published an attention-grabbing paper “Bots in the Back Office: BPO withers as RPA grows”, predicting end of Business Process Outsour
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GLOBALIZATION was “thee” word back in the 90s. It didn’t only mean going global, but being global. Around the same, the term Shared services also ente
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Last week I questioned recent survey results which stated that outsourcing in mid-market is moving slowly. My experience has been the opposite. Outsou
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BDO and Suomen Taloushallintoliitto ry recently published a report in which 120 CFO’s from medium-sized Finnish companies were interviewed. According
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For many of us standardization is not that much of a topic in everyday life. Until you start thinking of the benefits of standardization.
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Here, have a look at a list of features of a top-notch mobile device:
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Idean’s CEO Risto Lähdesmäki talks in the latest issue of OpusCapita Journal about the importance of user experience as a competitive advantage in tod
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Do you ever wonder what is eating up your company’s money? Your net sales are good, and you have been cutting costs, but somehow your profits just see
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Just a few weeks ago I received a text message ordering a small bouquet of flowers. The message instructed that the flowers used in the bouquet should
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This week I was reading a thought-provoking article from the leading Finnish newspaper, Helsingin Sanomat. In the article columnist Maaret Kallio was
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OpusCapita’s new solution for supply chain financing makes it possible for the suppliers to get paid in a matter of days instead of waiting for dozens
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Kimmo Kauranen, Vice President, O2C Business, OpusCapita, urges companies to beat lazy money out of its hiding places and into action.
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Software robotics provides the opportunity to improve the quality and efficiency of processes in financial management almost immediately. But how to r
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Friday the 13th was definitely unlucky day for me: When driving in the evening in Warsaw my car broke down, suddenly all the lights in the car (inside
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The decision to start a supply chain finance program is based increasingly on strategic reasons in large purchasing corporations, says Michiel Steeman
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There’s a huge difference in the level B2C companies have embraced communication via e-channels. For example, more than half of all B2C invoices are s
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Companies are now actively seeking global payment factory solutions for international cash management that meet their needs.
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Internationally, there is a very clear trend towards outsourcing. Yet Swedish companies have adopted a wait-and-see approach and are therefore at risk
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In the summer of 2014, OpusCapita investigated the outlook regarding companies’ lengthening payment terms in Finland and abroad. The gradual lengtheni
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The challenging economic situation is punishing companies in Finnish and international competitive arenas. The significance of working capital is rapi
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This is what Tom Bangemann, The Hackett Group, told a reporter when he was interviewed for OpusCapita’s customer magazine Journal: “Up to now, automat
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When the CFO or CIO of a mid-segment company hears that their software supplier or service provider has been acquired, many questions are sure to aris
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Intelligent robotic systems are set to revolutionize corporate financial management practices. Company boards are also soon likely to feature a robot-
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SWIFT’s new “Alliance Lite 2 for Business applications” program allows selected providers to embed SWIFT Alliance Lite 2 connectivity into a single pa
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Recently OpusCapita carried out a study of the payment terms offered by the biggest companies in the Nordic countries. The study showed that payment t
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Companies would increase their agility and gain synergy benefits by comprehensively improving and streamlining their purchase-to-pay functions. This w
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The process of decision making for invoice automation in Poland can be presented based on the real case of one Polish retail chains that is very moder
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Initiated in 2008 and ended in August 2012, the PEPPOL project (Pan-European Public Procurement Online) developed and implemented the technology stand
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An increasing volume of letters is delivered to recipients in digital format, but printed letters continue to be popular due to the fact that the rece
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