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?

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

Published in: Economy & Finance, Business
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  • How Procurement and Finance Can Thrive in a Downturn - Webinar Presentation

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

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