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Procurement and Finance Outlook Intelligence

EBG | Play: How can Source2Pay software assist in managing supplier risk and risky payments

July 1, 2022 By ebgnetwork

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EBG | Play: How can Source2Pay software assist in managing supplier risk and risky payments

Risk management have had an exponential growth the past years for obvious reasons. As we enter new challenges in the market, risk awareness do too. But how well can you manage risk across sourcing, procurement and finance? How do you break down the huge task of end to end control into smaller pieces?

During this On Demand session ready to be viewed Martin Casserdahl, Senior Advisor Source-to-Pay and Karl-Henrik Sundberg, Senior Advisor Pay at Medius share their individual know how in this area.

On Demand session

Go >>here or click the image below to view the recording.

Get in control of your Supplier data

Overview over how you can assess your readiness to tackle end to end risks. What can you tick off the list?

Digitalize your Supplier data

  • Tailor category and regional specific data
  • Supplier self service – Supplier Portal

Automate your supplier data

  • Automatic data updates
  • Utilize Service providers
  • Alerts and reminders

Review and plan proactively

  • Identify and classify risks
  • Segment risks and impact (What if)
  • Establish a mitigation plan based on the risk assessment
  • Track and monitor the plan
  • Gather Supplier data

Risks in supplier payments

Today we talk a lot about how to treat and collaborate with our suppliers. Material shortages, cost increases and higher demands from customers for transparency set the pressure. How in control are you over the below cash aspects?

Late Payments

▪ Paying too late

  • Missing out on cash discounts
  • Late payment fees
  • Damaging supplier relationships

Payment errors

▪ Paying wrong supplier, too much or duplicates
▪ Other manual errors

=> Increased admin & costs

Payment fraud

▪ Internal fraud
▪ Invoice fraud/Fake invoice ▪ Cybercrime/Payment file attacks

=> Severe economical consequences


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On October 18th + 19th 2023 EBG | Network create the only Round Table Centered End to End Procurement Summit in the Nordics. A combination of Sourcing Outlook and Source to Pay Summit – CPO Outlook

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“Living and loving the journey”: transforming procurement at Danish Crown. Danish Crown is a unique organization, owned by 9,000 Danish farmers supplying pigs and cattle. It has 25,000 employees and 60-plus factories. Procurement transformation represents a dramatic shift in an enterprise’s structure, operations and bottom line, resulting from the establishment of a new collective mindset, […]

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