A warm welcome to Tradeshift joining Source 2 Pay Summit 2017 as an expert organization and sponsor. You can join Tradeshift during Theme Discussions i.e peer to peer discussions. About Tradeshift “Tradeshift is the business commerce company. We offer solutions for businesses to buy and sell goods and services, and a flexible platform for customers […]
Volvo Car Corporation to Source 2 Pay Summit 2017
Frida has long experience from Volvo Car Corporation working within procurement – today Frida is Global Process Owner PTP within their global finance organization. Although Volvo Car Corporation was founded back in 1927, the current finance organization is fairly new – created in 2006. Frida has the competence from procurement and is now working within […]
Prevent or react on fraud and cybercrime?
Before the summer, EBG held a webinar together with OpusCapita focusing on risk and fraud within the procure to pay and cash management end-to-end flow. There are numerous research and studies highlighting that fraud is an increasing reality. The Association for financial professionals say that 62% of their study respondents claim they were targets of […]
EBG Play: Working capital the essence of procure to pay efficiency
Ravindra Rao is Finance Director & Global PMO Leader at Honeywell. His knowledge in cross functional, cross organizational, cross industry process development comes from years of experiences. For ten years he has been working at Honeywell with finance transformation. Their strategy has been to pay vendors on time and work with both internal and external […]
EBG Play: Unifying control with common strategies enabling global purchasing power
There are few global organizations who are not looking at ways to leverage on their global purchasing power. Finding ways to unify control and execute common strategies along the procure to pay process takes time but is a crucial part in controlling spend, finding ways to reduce cost and enabling transactional follow up and control. […]
RE: P2P Metrics that matter
Every now and then someone put the spotlight on the right things. Using fancy words is so easy – finding common understandings and ways of utilizing those opportunities is much harder. P2P can be such a fancy word. As a shared service organization and the meaning might be purchase-to-pay and moving a PO/non PO order […]
Key elements in a global OneFinance transformation change program
Microsoft has been on a journey towards perfecting their OneFinance transformation program. A global journey set to create efficient processes, effective controls and clear roles and responsibilities within finance and procurement. We recognize their starting point: huge amount of employees (92 000 at their starting point), fragmented finance, accounting and procurement functions and non standardized […]
EBG Play: Google fast, social media behaviour influencing P2P processes
Will it be world domination by SAP? Many are the organisations that are using SAP, many are the SAP versions used by these companies and many are the headaches experienced by these companies when trying to use SAP in the best way possible. We are looking at a second wave of process development, if nothing […]
RT: Purchase to Pay best practice – the cost of ignoring it
According to the research, for a medium sized company handling 250,000-500,000 invoices per annum, nearly 80 people are required just to handle exceptions. That could amount to (at an average cost per FTE of $50,000) about $4 million per annum. Arguing why put any effort in to looking at P2P processes has been a challenge, […]
Sweden: After Summit report P2P Summit 2011
In March 2012 we will see the second P2P Summit in Sweden, an event that will run once every year in the spring. Following P2P Summit in September 2011 it was obvious that the urge to lower administration costs in both procurement and finance processes is still huge. EBG will not rest until the discussion […]