How Procurement and Finance Can Thrive in a Downturn - Webinar Presentation

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How can Procurement and Finance together build the visibility over the purchase-to-pay process in order to continuously measure the supplier performance and proactively reduce the supply risk? …

How can Procurement and Finance together build the visibility over the purchase-to-pay process in order to continuously measure the supplier performance and proactively reduce the supply risk?

For more information and ideas read Basware White Paper:
Seven points of engagement for Procurement and Finance to improve collaboration

http://www.basware.com/knowledge-center/seven-points-of-engagement-for-procurement-and-finance-to-improve-collaboration

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  • 1. Strangers No More – How Procurement and Finance Can Thrive in a Downturn
  • 2. Procurement and finance – the Odd Couple no more
    • Direct and indirect savings: Working together to make sourcing savings stick
    • Collaborative improvement: Cost reduction and working capital management improvements from joint initiatives
    • Lowering transaction costs: Jointly reducing transaction costs and not waiting for the next IT upgrade or multi-tower outsourcing program to do so
    • Mitigating risk: Lowering supply risk in an increasingly dangerous economic environment impacting suppliers of all sizes
    Copyright © Spend Matters, LP and Azul Partners, Inc. – Not for distribution
  • 3. “ Your supplier’s LC is locked away and safe” Copyright © Spend Matters, LP and Azul Partners, Inc. – Not for distribution
  • 4. “ It’s a little too late for a gold standard …” Copyright © Spend Matters, LP and Azul Partners, Inc. – Not for distribution
  • 5. “ Don’t worry about your supplier’s credit lines — they’re safe with us” Copyright © Spend Matters, LP and Azul Partners, Inc. – Not for distribution
  • 6. “ A run on the bank” 2007 2008 Copyright © Spend Matters, LP and Azul Partners, Inc. – Not for distribution
  • 7. “ We’re using the new Federal money we’ve taken for a small renovation project” Copyright © Spend Matters, LP and Azul Partners, Inc. – Not for distribution
  • 8. The case for visibility into suppliers’ financial health: “ We’ve found a new lender to sell our receivables to” Copyright © Spend Matters, LP and Azul Partners, Inc. – Not for distribution
  • 9. “ Our investment bankers tell us not to worry” Copyright © Spend Matters, LP and Azul Partners, Inc. – Not for distribution
  • 10. “ Sure … we can underwrite that” Copyright © Spend Matters, LP and Azul Partners, Inc. – Not for distribution
  • 11. “ I hear that Chapter 11 is better than 7” Chapter 7 Chapter 11 Copyright © Spend Matters, LP and Azul Partners, Inc. – Not for distribution
  • 12. And let’s not forget other reasons why procurement and finance are being forced together by necessity “ Fair Trade” not “Free Trade” Failed stimulus policies (e.g., automotive incentives in US vs. China)
    • Commodity volatility and negative growth
    • Commodity inflation and deflation
    • Declining GDP
    • Financial meltdown / accounting changes
    • Credit crunch, bank failures
    • Liquidity concerns, supplier access to capital
    • LIFO  FIFO
    Copyright © Spend Matters, LP and Azul Partners, Inc. – Not for distribution
  • 13. Upstream vs. downstream P2P – a few lessons learned from the trenches
    • Integration upstream can be a hobby—downstream it needs to be a full-time job
    • Administrative / initial upstream activities touch fewer individuals—by an order of magnitude (thinking through what this means is critical)
    • Neither set of activities (contrary to popular perception) should be looked at as any more IT-centric than the other
    • Companies should treat both areas just like any other sourcing category—but so few ever do
    Copyright © Spend Matters, LP and Azul Partners, Inc. – Not for distribution
  • 14. Basware Enterprise Purchase to Pay Solutions
  • 15. Basware in Brief
    • The Global Leader in Enterprise Purchase to Pay Automation
      • Purchase Management, Invoice Automation and Document Archiving Solutions
    • Established in 1985
    • 1,200 customers and 700,000 users in 50+ countries
    • Public company with rapid and profitable growth
      • 2008 revenue of $120+ million
      • 17.5% growth from 2007
    • Over 725 employees worldwide
    • AAA D&B Rating
    • Listed in Deloitte’s Fast 500 Technology Companies
    • Global coverage with operations in Europe, North America, and Asia-Pacific
    • Business partners in over 30 countries
    • Certified SAP, Oracle, and Microsoft partner
  • 16. Basware has more than 1,500 large customers
  • 17. Basware EPP Solutions Basware Connectivity Customer Legacy Systems e.g. Financial Systems, ERP Procurement Invoice Automation KPI Measurement and Continuous Improvement Supplier Catalog Exchange Purchase message Exchange Scan and capture E-invoice Exchange
  • 18. Why Basware?
    • Complete Purchase to Pay offering
    • Highly functional, easy-to-use software
    • Customer-Driven Solutions
    • Delivery, implementation and upgrade services as well as training and support for the users
    • Multi-ERP, multi-language, multi-currency, SSC, support
    • Rapid implementation timelines
    • Technology partnerships with Microsoft, Oracle, SAP, and Citrix to ensure seamless integration with other IT systems
    • Integration with over 200 ERP / financial packages
  • 19. For more information jointheconversation.basware.com/en