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Procurement and Finance Outlook Intelligence

EBG | Play: What is Source-to-pay digital transformation?

April 26, 2019 By ebgnetwork

Spread the word

Choosing to rephrase the webinar title based on what came out during the recent session in which Roy Anderson, CPO & Digital Transformation Officer at Tradeshift presented his experiences and visions. It is still so – even though much less than before – that source to pay to some is viewed as transactional efficiency and not much more. Still very important but not even half of what EBG and most working within the field ad to the phrasing.

Roy Anderson manage to give an insightful view over what most of us mean by source to pay. A framework that enable companies to not only create transactional visibility – but also enable companies to widen the scope of doing business across the spider web also known as a companies physical and financial supply chain.

Without visibility and a connection – how can you collaborate with suppliers (and Roy has excellent examples of why this is key)?

Without getting away from administrative work – how can you grow as a professional into that strategic role most desire?

Without increasing your understanding over the possible discrepancy between what you want to spend time on and what you actually spend time on – how can you change?

View the recording

Below you can access the on demand recording and hear the reasoning about each poll result. Register to view the on demand session here. The slides were administrated to those registered to the live session – make sure to sign up for the next live session!

Click the image to register for the on demand session

Poll results

Live polls are a great way to give something back to you who join EBGs live sessions. You get instant feedback on how You and Your organization compare with those others having joined. And all we can say is that it is always a presentable amount and spread of companies joining. Still, the results cannot of course be seen as statistically relevant in any way.

The size of corporate spend

To set the scenery and allow the attendees to get a feeling or the size of each business, a question about spend volume was posted.

What is your total corporate supplier spend?

The question was explained to be about both direct and indirect spend. As most often during EBG gatherings, the majority came from organizations with a large spend volume.

How digital is your procure to pay spend?

A perhaps not easy to understand question when first seeing it. Roy clarified;

“We mean digital data to and from the supplier without manual touch”

What percentage of the above spend is digital procure to pay?

The absolute majority of companies joining rate that their digital end to end spend consist of 30% or much less. Even, 47% stated that less than 10% of spend is truly digital today.

How to become more strategic?

This is a great question that can reassure many seeing the results. And hopefully fuel some management teams into releasing enough resources to be able to achieve what is evidently a huge possibility today and what will be an absolute necessity tomorrow.

What is stopping you from being able to work more strategically?

This is a question we for sure need to dig deeper into. One recurring issue EBG meet is the gap between what professionals perceive they should, want and need to do – and what they actually do! Why is it constantly so? EBG ask since the strategies are there – reduce cost/increase value/innovate/centralize/decentralize/automate/digitize – now.

But if you don’t get the time allocated, the mandate to use enough resources over time and the technology to support it – how will you ever succeed?

EBG hope you will continue the discussions – view Roys experiences and advice to fuel the conversation!


Spread the word

EBG | Network was founded in 2010. A cross functional, end-to-end business network focusing on improved sales and forecasting, increased spend under management and financial supply chain control. EBG bring people together online and in person who can help each other grow and develop.

EBG is managed by Anna & Lars – partners in business and life. Contact us today with any type (business) related questions! Contact us using the LiveChat function below.

Anna & Lars are partners in business and life. Together we run EBG bringing together peers and experts in an informal yet to the point way.

Anna Bjarkerud

Anna Bjarkerud

anna@ebgnetwork.com +46 735819302

Anna & Lars are partners in business and life. Together we run EBG bringing together peers and experts in an informal yet to the point way.

Lars Bjarkerud

Lars Bjarkerud

lars@ebgnetwork.com +46733500343

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CPO Outlook 2023 | October 18th & 19th | Stockholm

Having enabled true networking among peers and experts since 2010 it was evident that EBG | Network fill a gap when we finally could meet again in person in 2022.

In 2023 we meet again in Stockholm on October 18th & 19th. Are you a practitioner and want to host round table discussions or a workshop? Based on the very simple question “What would You want to discuss and share experiences about with a peer group?” Contact EBG for a discussion

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What EBG offer is unique. Based on a solid understanding about change management and how to create networking meetings.

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It is often said, “If you want to go fast, go alone. If you want to go far, go together.” Adopting and operating new solutions and services can be time-consuming and requires new knowledge, processes, and ways of working. To achieve your business goals and reap the full benefits of your accounts payable (AP) solution, […]

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