Is your supply chain at risk due to late payments and restricted supplier cash flow? Does your company have cash earning next to nothing in this low interest rate environment?
In light of the recently effective European Union directive on late payments that mandates payment within a certain time frame, now is the perfect time to consider Dynamic Discounting which allows your suppliers to receive early payments and you to earn a good return on short term cash.
In this session we will discuss some of the key implications of the Late Payments Directive that you need to consider in order to comply, as well as how you can utilize dynamic discounting as a tool not only for compliance, but to earn significant savings as well.
AmCorp Management is an expert in helping companies obtain research and development tax credits and refunds from the federal and state governments. They have a team of specialists who conduct feasibility studies to determine a company's eligibility for these credits. If eligible, AmCorp will then produce a detailed R&D tax credit report that can result in significant refunds and savings for the company, with average clients qualifying for over $350,000 in refunds. Their process involves an initial free feasibility study, followed by a full R&D study and filing assistance if potential savings are identified.
- GGTC are specialist in this area and have managed to obtain over £30m for over 350 businesses.
- GGTC are the largest filers of SME claims in the UK.
- GGTC will cover enquiries from HMRC at no cost.
- 97% of claims GGTC have submitted have gone through as they were
- GGTC have a 100% strike rate
- GGTC have a very close working relationship with the HMRC Tax inspectors
- GGTC will provide you with advise on future R&D related projects
- GGTC are able to provide an all-inclusive service where we handle your claim process from start to finish.
Buy Right-Pay Right — How Procurement, AP, and Treasury Can Work Together for...SAP Ariba
UCB implemented SAP Ariba solutions to automate their procure-to-pay processes. They onboarded suppliers to the Ariba Network to enable electronic invoicing and payments. While they achieved high levels of automated invoice posting, they fell short of onboarding targets for number of suppliers and invoice volume. Key learnings included the need for strong communication, realistic onboarding plans, and managing supplier data quality. Success requires aligning procurement, AP and treasury, clear communication, and a realistic business case.
R&D Tax CreditsR & D Tax Credits:Claim what you deserveZweigWhite
The document summarizes an event presented by alliantgroup on R&D tax credits. alliantgroup is a national consulting firm focused on supporting CPA firms with government incentive programs. The event featured several speakers with expertise in R&D tax credits, including Sonny Grover of alliantgroup, Justin DiLauro of alliantgroup, and Dean Zerbe, National Managing Director of alliantgroup. The presentation provided background on R&D tax credits and discussed qualifying expenses, credit calculations, and state opportunities.
Global Payroll Considerations. How UK organisations can take the next step in...Rizing HCM
SAP SuccessFactors Cloud payroll offers organisations the chance to modernise their payroll landscape and embrace the consumer level technology that has been developed in recent years. Payroll has been a laggard for many organisations in this cloud transformational era with HR technology at the forefront of company investment.
How can organisations take that next step into payroll transformation and why should they do so? There must be a significant value in doing so and this session will highlight these considerations. Discussion will focus around
- Out of the box Payroll compliance for 46+ countries
- Data controls and accuracy supported by Payroll Control Centre functionality
- The opportunity to leverage a Lift n Shift approach to speed up the implementation phase – with use case example
- Flexible reporting & automated reconciliation that is delivered via configuration rather than via expensive custom build.
We will highlight key considerations in the project phase such as the Employee Central and Employee Central Payroll connection, data migration, integration with time and benefits systems also.
Keynote - CPO Rising 2015: The Agility AgendaSAP Ariba
The document summarizes the results of a survey of 318 procurement professionals about the priorities and challenges facing the role of Chief Procurement Officer (CPO). Key findings include: CPOs face increasing pressure to find savings while also improving effectiveness; top priorities for CPOs are savings, processes, compliance and innovation; adoption of new technologies like spend analysis and e-sourcing is increasing; and best-in-class organizations outperform others on metrics like spend under management and contract compliance through greater use of technology and earlier supplier engagement. The report recommends CPOs develop an "Agility Agenda" focused on technology deployment, collaboration, and business networks.
AmCorp Management is an expert in helping companies obtain research and development tax credits and refunds from the federal and state governments. They have a team of specialists who conduct feasibility studies to determine a company's eligibility for these credits. If eligible, AmCorp will then produce a detailed R&D tax credit report that can result in significant refunds and savings for the company, with average clients qualifying for over $350,000 in refunds. Their process involves an initial free feasibility study, followed by a full R&D study and filing assistance if potential savings are identified.
- GGTC are specialist in this area and have managed to obtain over £30m for over 350 businesses.
- GGTC are the largest filers of SME claims in the UK.
- GGTC will cover enquiries from HMRC at no cost.
- 97% of claims GGTC have submitted have gone through as they were
- GGTC have a 100% strike rate
- GGTC have a very close working relationship with the HMRC Tax inspectors
- GGTC will provide you with advise on future R&D related projects
- GGTC are able to provide an all-inclusive service where we handle your claim process from start to finish.
Buy Right-Pay Right — How Procurement, AP, and Treasury Can Work Together for...SAP Ariba
UCB implemented SAP Ariba solutions to automate their procure-to-pay processes. They onboarded suppliers to the Ariba Network to enable electronic invoicing and payments. While they achieved high levels of automated invoice posting, they fell short of onboarding targets for number of suppliers and invoice volume. Key learnings included the need for strong communication, realistic onboarding plans, and managing supplier data quality. Success requires aligning procurement, AP and treasury, clear communication, and a realistic business case.
R&D Tax CreditsR & D Tax Credits:Claim what you deserveZweigWhite
The document summarizes an event presented by alliantgroup on R&D tax credits. alliantgroup is a national consulting firm focused on supporting CPA firms with government incentive programs. The event featured several speakers with expertise in R&D tax credits, including Sonny Grover of alliantgroup, Justin DiLauro of alliantgroup, and Dean Zerbe, National Managing Director of alliantgroup. The presentation provided background on R&D tax credits and discussed qualifying expenses, credit calculations, and state opportunities.
Global Payroll Considerations. How UK organisations can take the next step in...Rizing HCM
SAP SuccessFactors Cloud payroll offers organisations the chance to modernise their payroll landscape and embrace the consumer level technology that has been developed in recent years. Payroll has been a laggard for many organisations in this cloud transformational era with HR technology at the forefront of company investment.
How can organisations take that next step into payroll transformation and why should they do so? There must be a significant value in doing so and this session will highlight these considerations. Discussion will focus around
- Out of the box Payroll compliance for 46+ countries
- Data controls and accuracy supported by Payroll Control Centre functionality
- The opportunity to leverage a Lift n Shift approach to speed up the implementation phase – with use case example
- Flexible reporting & automated reconciliation that is delivered via configuration rather than via expensive custom build.
We will highlight key considerations in the project phase such as the Employee Central and Employee Central Payroll connection, data migration, integration with time and benefits systems also.
Keynote - CPO Rising 2015: The Agility AgendaSAP Ariba
The document summarizes the results of a survey of 318 procurement professionals about the priorities and challenges facing the role of Chief Procurement Officer (CPO). Key findings include: CPOs face increasing pressure to find savings while also improving effectiveness; top priorities for CPOs are savings, processes, compliance and innovation; adoption of new technologies like spend analysis and e-sourcing is increasing; and best-in-class organizations outperform others on metrics like spend under management and contract compliance through greater use of technology and earlier supplier engagement. The report recommends CPOs develop an "Agility Agenda" focused on technology deployment, collaboration, and business networks.
The document provides an overview of Deloitte, a leading global accounting and consulting firm. It discusses Deloitte's presence in Israel, including its 80 partners and over 1,000 employees serving clients across various industries. Deloitte in Israel has eight offices and provides a wide range of audit, tax, consulting, and financial advisory services. The document also introduces some of Deloitte Israel's leadership team.
E-Procurement – Creating a Compelling Business Case for GrowthSAP Ariba
As you explore whether e-procurement will help your business, the first step is to create a business case to ensure success in your selection of a technology partner. Join Ingersol Rand as they share their story and expertise on how they began the journey.
Learn more about Ariba LIVE at http://spr.ly/LIVE2014LV-d
The document discusses options for penetrating the European market and introduces NeedIT as a company that can help businesses expand into Europe. NeedIT claims it can reduce costs by 63% compared to independently establishing operations in Europe. Using NeedIT also reduces time to market and risk while increasing flexibility. NeedIT leverages experience and relationships to complement companies' capabilities and help them operate successfully in Europe.
Serve2XL is a new consultancy firm specialised in optimizing service businesses. They take a holistic approach to improve customer satisfaction, increase service revenue, and reduce costs. Their services include designing service portfolios, improving processes, and coaching clients on service strategy. Serve2XL's goal is to balance optimizing customer satisfaction, revenue from services, and related operational costs for their clients.
5 Reasons Why Payables Makes Procurement AwesomeSAP Ariba
Payables can yield great value to procurement and increase strategic importance in the organization. Through supply chain finance, discounting, Pcard, and other payment options, companies can reduce supplier risk and and cost while contributing to strategic working capital initiatives. In this breakout, Aite group analyst Enrico Camerinelli will share why the current environment is ripe for payables optimization and how this yields enormous benefits to procurement and finance leaders.
Setting your Release Management Strategy for the new SAP SuccessFactors Relea...Rizing HCM
This document discusses SAP SuccessFactors' new release schedule and enablement tools. It provides an overview of changes to the release schedule, including an increased timeframe between preview and production releases. It also outlines the various tools SAP has created or improved to help clients and partners manage releases, such as the What's New release viewer and Q&A release review sessions. Finally, it proposes a release management strategy for the H2 release, including reviewing items before Q&A sessions, testing in preview instances, and updating workbooks.
Creating a contemporary risk management system using python (dc)Piero Ferrante
Lending involves risk and in order to be a successful lender at scale that risk needs to be mitigated. We'll be discussing how C2FO has built a suite of risk management tools for underwriting and portfolio management using the PyData ecosystem, rpy2 (for integrating R), and Spyre (for building a simple web application).
This presentation provides an overview of the UK's Research and Development (R&D) Tax Relief scheme. It covers the benefits of the scheme, eligibility requirements, definitions of R&D and qualifying expenditures, and how to claim R&D tax credits. The presentation also discusses the R&D Allowance, more complex issues companies may face, the Patent Box program, and where to find additional help or information.
This document provides guidance on estimating sales and costs for a financial plan. It discusses estimating sales using top-down and bottom-up approaches, considering factors like price, market potential, and sales channels. It also covers estimating costs, including fixed costs like staff and facilities, variable costs like cost of goods sold, and operating expenses. The document emphasizes making reasonable assumptions, testing estimates, and ensuring consistency between the financial plan and business model.
This document provides a summary of Tele2 Group's financial performance and strategy. It shows that Tele2 has achieved strong growth and returns in its core and greenfield markets over the past few years. Tele2 also has a progressive dividend policy and maintains a strong balance sheet with moderate leverage. Going forward, Tele2 reiterates its guidance for 2014 and outlines its strategic focus on being a champion of customer value in mobile access across Europe and Eurasia through focused technology, productivity improvements, and developing a winning culture.
Serve2XL is a new consultancy firm specialised in helping companies improve and optimize their service businesses. They use an integrated approach focusing on customer satisfaction, service revenue, and costs. Their services include strategy development, service portfolio management, process optimization, and training/coaching. Serve2XL's goal is to find the optimal balance between satisfaction, revenue, and costs to deliver the greatest value for customers and companies.
The document outlines the commercial challenges and business objectives facing BAA. It discusses the need to deliver core services, continue growth through expansion and new developments, finance and deliver projects on time and on budget, satisfy stakeholders, reduce borrowing, and invest in security. The presentation notes that while the framework for growth increases commercial challenges, continued investment in runways, terminals and retail will improve customer service and support innovation to help BAA meet its objectives.
This document provides an overview and schedule for business training sessions hosted by Quantum Business House. It outlines topics that will be covered in 10 sessions over 3 months, including setting up a business structure, marketing, financial management, and tax obligations. The document also provides introductory information on key business tax concepts such as assessable income, allowable deductions, capital gains, losses, and goods and services tax requirements.
The document provides an introduction to accounting basics, business plans, and funding. It discusses key accounting concepts like profit and loss, revenues, costs, balance sheets, and cash flow statements. It emphasizes the importance of financial planning and developing financial projections for a new business. The document also covers sources of funding for startups, including friends and family, crowdfunding, investors, and government grants. Overall, the document serves as a high-level overview of accounting, business planning, and funding considerations for entrepreneurs and new ventures.
WealthZap Research Services-NBCC Ltd MultiBagger Recommendation for March-2017Saurabh
This document provides an investment snapshot and overview of NBCC Limited, an Indian construction company. It includes slides on NBCC's investment case, business operations, financial performance, and concerns. Specifically:
- NBCC is recommended as a buy, with a maximum 5% portfolio allocation. It has a stable business model in construction and project management.
- The company has a proven track record of executing projects for the Indian government. It derives most revenues from project management consultancy services.
- Financial slides show NBCC's profit and loss statement, balance sheet, and order book of over Rs. 75,000 crore.
- Concerns include dependence on the government for projects and potential risks from
This document outlines Tele2's plan to significantly improve productivity over 4 years through their "Challenger Program". The program aims to simplify processes, increase discipline, consolidate technology, and transform support functions. Examples highlighted include consolidating product development, reducing marketing spend, data center consolidation, and increasing the use of shared operations. The program expects to realize annual productivity improvements of 1 billion SEK by 2018 through multi-year investments and restructuring. Tele2 will provide updates on progress at quarterly reporting until the benefits are fully realized.
Metso is a leading process performance provider focused on developing intelligent solutions to improve sustainability and profitability for customers in mining, construction, and oil & gas. Metso aims to strengthen its market positions and achieve faster-than-market growth through a strategy of increasing its services business, technology offering, and presence in growth countries. In 2013, Metso continued actions to achieve its strategic targets and separated its Pulp, Paper and Power businesses into a new company, Valmet Corporation.
Out of Policy T&E Spending Is Easier than EverSAP Ariba
The traditional approach to managed travel leaves up to 20 percent of airfare spend and 50 percent of hotel spend out of the procurement process. And those numbers are on the rise. With the proliferation of mobile devices, suppliers are now targeting your travelers to get them to spend your money without you knowing it. With compliance in crisis, you can’t capture the data you need to drive savings and strategic supplier relationships. Join this session and learn how you can leverage technology and the Concur platform to reign in that spend, and gain more visibility and control.
The Force (of Payables) Awakens! - How Payables Working Capital Will Change t...SAP Ariba
Not so long ago, in a galaxy not too far away, procurement and finance organizations lived safely in their silos with separate goals only loosely connected to each other. But with many companies now turbo-laser focused not only on savings, but on working capital improvement, both groups are being called on to contribute to larger corporate goals. This session will highlight the power that finance and procurement teams can access by combining the forces of supply chain finance, dynamic discounting, and AribaPay with a comprehensive supplier strategy to deliver benefits that directly impact balance sheet positions and earnings per share.
Solutions Workshop – Getting the Most Out of Seller RegistrationSAP Ariba
With recent enhancements, sellers can now access the Ariba Network and any solutions they use with Ariba’s Unified Seller Experience, so getting them registered easily is more important than ever.
In this session, you will hear about how customers are leveraging Ariba’s seller registration options and improving their own registration processes. This session also includes a group activity to get you thinking about what you could be doing to better leverage Ariba’s solutions in your seller registration process.
The document provides an overview of Deloitte, a leading global accounting and consulting firm. It discusses Deloitte's presence in Israel, including its 80 partners and over 1,000 employees serving clients across various industries. Deloitte in Israel has eight offices and provides a wide range of audit, tax, consulting, and financial advisory services. The document also introduces some of Deloitte Israel's leadership team.
E-Procurement – Creating a Compelling Business Case for GrowthSAP Ariba
As you explore whether e-procurement will help your business, the first step is to create a business case to ensure success in your selection of a technology partner. Join Ingersol Rand as they share their story and expertise on how they began the journey.
Learn more about Ariba LIVE at http://spr.ly/LIVE2014LV-d
The document discusses options for penetrating the European market and introduces NeedIT as a company that can help businesses expand into Europe. NeedIT claims it can reduce costs by 63% compared to independently establishing operations in Europe. Using NeedIT also reduces time to market and risk while increasing flexibility. NeedIT leverages experience and relationships to complement companies' capabilities and help them operate successfully in Europe.
Serve2XL is a new consultancy firm specialised in optimizing service businesses. They take a holistic approach to improve customer satisfaction, increase service revenue, and reduce costs. Their services include designing service portfolios, improving processes, and coaching clients on service strategy. Serve2XL's goal is to balance optimizing customer satisfaction, revenue from services, and related operational costs for their clients.
5 Reasons Why Payables Makes Procurement AwesomeSAP Ariba
Payables can yield great value to procurement and increase strategic importance in the organization. Through supply chain finance, discounting, Pcard, and other payment options, companies can reduce supplier risk and and cost while contributing to strategic working capital initiatives. In this breakout, Aite group analyst Enrico Camerinelli will share why the current environment is ripe for payables optimization and how this yields enormous benefits to procurement and finance leaders.
Setting your Release Management Strategy for the new SAP SuccessFactors Relea...Rizing HCM
This document discusses SAP SuccessFactors' new release schedule and enablement tools. It provides an overview of changes to the release schedule, including an increased timeframe between preview and production releases. It also outlines the various tools SAP has created or improved to help clients and partners manage releases, such as the What's New release viewer and Q&A release review sessions. Finally, it proposes a release management strategy for the H2 release, including reviewing items before Q&A sessions, testing in preview instances, and updating workbooks.
Creating a contemporary risk management system using python (dc)Piero Ferrante
Lending involves risk and in order to be a successful lender at scale that risk needs to be mitigated. We'll be discussing how C2FO has built a suite of risk management tools for underwriting and portfolio management using the PyData ecosystem, rpy2 (for integrating R), and Spyre (for building a simple web application).
This presentation provides an overview of the UK's Research and Development (R&D) Tax Relief scheme. It covers the benefits of the scheme, eligibility requirements, definitions of R&D and qualifying expenditures, and how to claim R&D tax credits. The presentation also discusses the R&D Allowance, more complex issues companies may face, the Patent Box program, and where to find additional help or information.
This document provides guidance on estimating sales and costs for a financial plan. It discusses estimating sales using top-down and bottom-up approaches, considering factors like price, market potential, and sales channels. It also covers estimating costs, including fixed costs like staff and facilities, variable costs like cost of goods sold, and operating expenses. The document emphasizes making reasonable assumptions, testing estimates, and ensuring consistency between the financial plan and business model.
This document provides a summary of Tele2 Group's financial performance and strategy. It shows that Tele2 has achieved strong growth and returns in its core and greenfield markets over the past few years. Tele2 also has a progressive dividend policy and maintains a strong balance sheet with moderate leverage. Going forward, Tele2 reiterates its guidance for 2014 and outlines its strategic focus on being a champion of customer value in mobile access across Europe and Eurasia through focused technology, productivity improvements, and developing a winning culture.
Serve2XL is a new consultancy firm specialised in helping companies improve and optimize their service businesses. They use an integrated approach focusing on customer satisfaction, service revenue, and costs. Their services include strategy development, service portfolio management, process optimization, and training/coaching. Serve2XL's goal is to find the optimal balance between satisfaction, revenue, and costs to deliver the greatest value for customers and companies.
The document outlines the commercial challenges and business objectives facing BAA. It discusses the need to deliver core services, continue growth through expansion and new developments, finance and deliver projects on time and on budget, satisfy stakeholders, reduce borrowing, and invest in security. The presentation notes that while the framework for growth increases commercial challenges, continued investment in runways, terminals and retail will improve customer service and support innovation to help BAA meet its objectives.
This document provides an overview and schedule for business training sessions hosted by Quantum Business House. It outlines topics that will be covered in 10 sessions over 3 months, including setting up a business structure, marketing, financial management, and tax obligations. The document also provides introductory information on key business tax concepts such as assessable income, allowable deductions, capital gains, losses, and goods and services tax requirements.
The document provides an introduction to accounting basics, business plans, and funding. It discusses key accounting concepts like profit and loss, revenues, costs, balance sheets, and cash flow statements. It emphasizes the importance of financial planning and developing financial projections for a new business. The document also covers sources of funding for startups, including friends and family, crowdfunding, investors, and government grants. Overall, the document serves as a high-level overview of accounting, business planning, and funding considerations for entrepreneurs and new ventures.
WealthZap Research Services-NBCC Ltd MultiBagger Recommendation for March-2017Saurabh
This document provides an investment snapshot and overview of NBCC Limited, an Indian construction company. It includes slides on NBCC's investment case, business operations, financial performance, and concerns. Specifically:
- NBCC is recommended as a buy, with a maximum 5% portfolio allocation. It has a stable business model in construction and project management.
- The company has a proven track record of executing projects for the Indian government. It derives most revenues from project management consultancy services.
- Financial slides show NBCC's profit and loss statement, balance sheet, and order book of over Rs. 75,000 crore.
- Concerns include dependence on the government for projects and potential risks from
This document outlines Tele2's plan to significantly improve productivity over 4 years through their "Challenger Program". The program aims to simplify processes, increase discipline, consolidate technology, and transform support functions. Examples highlighted include consolidating product development, reducing marketing spend, data center consolidation, and increasing the use of shared operations. The program expects to realize annual productivity improvements of 1 billion SEK by 2018 through multi-year investments and restructuring. Tele2 will provide updates on progress at quarterly reporting until the benefits are fully realized.
Metso is a leading process performance provider focused on developing intelligent solutions to improve sustainability and profitability for customers in mining, construction, and oil & gas. Metso aims to strengthen its market positions and achieve faster-than-market growth through a strategy of increasing its services business, technology offering, and presence in growth countries. In 2013, Metso continued actions to achieve its strategic targets and separated its Pulp, Paper and Power businesses into a new company, Valmet Corporation.
Out of Policy T&E Spending Is Easier than EverSAP Ariba
The traditional approach to managed travel leaves up to 20 percent of airfare spend and 50 percent of hotel spend out of the procurement process. And those numbers are on the rise. With the proliferation of mobile devices, suppliers are now targeting your travelers to get them to spend your money without you knowing it. With compliance in crisis, you can’t capture the data you need to drive savings and strategic supplier relationships. Join this session and learn how you can leverage technology and the Concur platform to reign in that spend, and gain more visibility and control.
The Force (of Payables) Awakens! - How Payables Working Capital Will Change t...SAP Ariba
Not so long ago, in a galaxy not too far away, procurement and finance organizations lived safely in their silos with separate goals only loosely connected to each other. But with many companies now turbo-laser focused not only on savings, but on working capital improvement, both groups are being called on to contribute to larger corporate goals. This session will highlight the power that finance and procurement teams can access by combining the forces of supply chain finance, dynamic discounting, and AribaPay with a comprehensive supplier strategy to deliver benefits that directly impact balance sheet positions and earnings per share.
Solutions Workshop – Getting the Most Out of Seller RegistrationSAP Ariba
With recent enhancements, sellers can now access the Ariba Network and any solutions they use with Ariba’s Unified Seller Experience, so getting them registered easily is more important than ever.
In this session, you will hear about how customers are leveraging Ariba’s seller registration options and improving their own registration processes. This session also includes a group activity to get you thinking about what you could be doing to better leverage Ariba’s solutions in your seller registration process.
Top Ways to Build a Successful Supplier Management Initiative SAP Ariba
Jennifer Roberts, Sonoco, AribaLIVE 2011
Top Ways to Build a Successful Supplier Management Initiative
http://exchange.ariba.com/community/events/aribalive
Ariba Knowledge Nuggets - Strategic Sourcing Art or ScienceSAP Ariba
Strategic sourcing is a systematic process that aligns purchasing decisions with an organization's strategic objectives to optimize the contribution of suppliers. It involves evaluating current and potential sourcing relationships, assessing their value according to long-term goals, and formulating action plans for critical commodities. Selection decisions are based on factors like a supplier's capabilities and ability to share information, rather than lowest price alone. Effective strategic sourcing requires understanding the supplier landscape by knowing who the suppliers are, how they relate, what customers buy from them, and related risks and spending amounts.
OCR systems perpetuate paper and first-generation eInvoice networks offer only limited cabapilities. Explore how smart invoice networks help you improve invoice processing efficiency, ensure compliance with contracts and preferred suppliers, and help you manage cash better.
Analyze To Manage Ariba Network Solutions for SAP CustomersSAP Ariba
The document provides an overview of Ariba Network cloud solutions for spend analytics, strategic sourcing, and supplier management that are designed for SAP customers. It discusses Ariba's spend visibility basic services for SAP Spend Performance Management, which provides data extraction, enrichment, and classification capabilities. It also summarizes Ariba Discovery for finding suppliers and Ariba Sourcing for running sourcing events, along with how Network RFQs can be used to drive sourcing events directly from SAP MM or SRM. The presentation concludes with key takeaways about how Ariba's cloud-based solutions are complementary to existing SAP investments.
Maximizing Sales and Marketing Reach in Your 2013 Business InitiativesSAP Ariba
eCommerce is a powerful tool in the marketer’s arsenal today – and given the intensity of global competition today, sellers can’t afford to leave any source of competitive advantage on the table. In this session, Ariba experts and customer panelists will highlight four opportunities every marketer can use to maximize sales and extend their marketing reach. We’ll discuss:
• The importance of leveraging effective online channels to boost lead generation and enhance company visibility
• How to leverage Ariba Discovery to focus on seller marketing and lead generation
• Best practices for enhancing lead generation
• How sellers can seize the “Spot Buy” opportunity to get a foot in the door with buyers under pressure to secure goods and services quickly
This document discusses the creation of a network called Made in a Free World (MIAFW) to address issues of forced labor and slavery in global supply chains. It outlines a 3-step process for companies to participate: 1) Determine their "enterprise footprint" risk level, 2) Analyze high-risk areas and next steps, and 3) Engage in partnership through assessment, remediation, and best practices sharing. The goal is to leverage collective business influence through data and knowledge sharing to identify, address and prevent forced labor vulnerabilities collaboratively.
On Demand Sourcing and Discovery Town HallSAP Ariba
Ariba Solution Town Halls were introduced at last year's Ariba LIVE and the feedback was to bring them back again for Ariba LIVE 2013! This is your chance to speak your mind in an open forum in which to share your thoughts and input about our solutions and be heard. Ariba Solutions Management will share a brief roadmap and innovation overview, but then the floor is all yours. We value your feedback and look forward to hearing what’s on your mind.
ABCs of Social Selling and Building Your Global Brand in a World of Social Ca...SAP Ariba
B2B buyers are anywhere between 57% to 70% through the buying process prior to engaging with sales. Your buyers are having a learning party without you. And the modern buyer is digitally driven, socially connected, mobile, and empowered with unlimited access to information. Is your sales team ready? This session will show why social selling is a critical part of global brand strategy, and how sellers should master social channels such as LinkedIn to cut through the noise from social cannibals.
Have questions about 9r1? Want to hear from customers that have gone through the 9r1 upgrade? Whether you've finished your implementation, haven't started, or are anywhere in between; bring your questions to this session. This session will feature a panel of experts from customers who have recently upgraded, Ariba Product Management, Ariba Engineering, and Ariba Consulting.
How can you automate the processing of all your invoices from all suppliers with zero touch? Attend this session and learn strategies for advancing along the invoice maturity curve to effectively automate 100% of your invoices.
Welcome to Ariba LIVE 2012, Bob Calderoni, Chairman and CEO, Ariba, Inc.SAP Ariba
1) The document introduces Bob Caleroni, Chairman and CEO of Ariba, Inc., and welcomes attendees to Ariba LIVE 2012.
2) It discusses the vision of the next wave of productivity through efficient collaboration between enterprises, enabled by an "Inter-Enterprise OS".
3) Three pillars to enable personal commerce networks and inter-enterprise collaboration are identified as cloud-based technology, community, and capabilities.
Network Collaboration - Kevin Costello, President, Ariba, Inc.SAP Ariba
The document discusses the benefits of connecting buyers and suppliers through a centralized commerce network like Ariba. It outlines the traditional challenges of the procurement process and siloed systems between buyers and sellers. The Ariba network provides a single platform that streamlines discovery, transactions, collaboration and analytics across organizations. Case studies show how large companies have leveraged the Ariba network to increase orders, lower costs, gain access to new suppliers and fuel business growth. The document also promotes the partnership between Microsoft Dynamics and Ariba to combine their leading business solutions and commerce network.
Proven Strategies for Driving Suppliers Off Paper to eInvoicingSAP Ariba
Strategies for migrating suppliers from paper invoicing to true e-Invoicing. This session will discuss proven strategies for segmenting, targeting and onboarding suppliers for PO, contract, and non-PO invoice automation.
The document discusses e-commerce myths and challenges. It summarizes presentations by two speakers: Kelly Stewart, a sales manager at Systemax, and Shirley Brzeski, founder of ClearChoice Careers. Stewart discusses Systemax's journey with e-commerce and how they overcame challenges by involving IT, sales, and marketing. Brzeski discusses ClearChoice Career's reservations about moving services online and how partnering with Ariba helped them standardize processes, increase sales, and improve client relationships.
Ariba Knowledge Nuggets - Savings from Supply Chain InitiativesSAP Ariba
1. Successful companies consistently track savings from supply chain initiatives using a single methodology based on total cost of ownership. They form cross-functional financial groups to approve savings and make budget reductions.
2. Project teams are responsible for implementing recommendations to institutionalize initiatives. Savings are tracked using unit costs and balanced with quality and service metrics.
3. Savings targets are linked to supply chain, department, and employee goals to incentivize realization of financial results.
Innovation Loans Competition Briefing: April 2021KTN
- The document provides information about Innovation Loans from Innovate UK, which are loans for later stage research and development projects with commercial potential.
- The loans can provide up to £1.6 million for eligible project costs, with an interest rate of 7.4% and repayment terms of up to 7 years. They target innovative, growth-oriented small and medium enterprises.
- The application process involves answering business and financial questions, completing a financial spreadsheet with historical and forecast financials, and providing details on the proposed project and costs. Applications will be assessed based on the quality of the project and business, as well as the need for funding.
The document summarizes the key findings of Hilton-Baird Collection Services' 2014 Late Payment Survey of 361 UK businesses. The survey found that late payments continue to significantly impact businesses, with 88% affected in 2013. On average, businesses had to wait 22 days beyond agreed credit terms to be paid. Construction firms experienced the longest delays at 24 days. The majority of businesses believe proposals to fine late payers would not reduce the problem of late payments.
Thinking of setting up in the UK but unsure on the things to consider? Our quick guide narrows it down to 10 easy steps!
For further information and advice, please contact gabi.olson-welsh@ocsolicitors.com, or 020 7067 4300.
10 THINGS TO CONSIDER WHEN SETTING UP IN THE UKAna Gresa Pico
Thinking of setting up in the UK but unsure on the things to consider? Our quick guide narrows it down to 10 easy steps!
For further information and advice, please contact ana.gresapico@ocsolicitors.com, or 020 7067 4300.
10 THINGS TO CONSIDER WHEN SETTING UP IN THE UKBen Robson
The document outlines 10 key considerations for setting up a business in the UK:
1. The UK has a competitive tax system with a overall low tax rate of 19% and incentives like R&D tax credits and the patent box which provides a 10% tax rate on income from UK and European patents. Government funding is more limited compared to some countries.
2. Forming a limited company is fast and inexpensive with no minimum capital requirements and only requiring one director and shareholder. Director residency is not required although needed to open a bank account. Payroll registration is mandatory within 10 days.
3. Significant tax incentives exist for R&D including allowing SMEs to deduct an extra 130% of
Thinking of setting up in the UK but unsure on the things to consider? Our quick guide narrows it down to 10 easy steps!
For further information and advice, please contact cneilson@ocsolicitors.com, or 020 7067 4300.
10 THINGS TO CONSIDER WHEN SETTING UP IN THE UKBen Robson
Thinking of setting up in the UK but unsure on the things to consider? Our quick guide narrows it down to 10 easy steps!
For further information and advice, please contact ben.robson@ocsolicitors.com, or 020 7067 4300.
Thinking of setting up in the UK but unsure on the things to consider? Our quick guide narrows it down to 10 easy steps!
For further information and advice, please contact ben.robson@ocsolicitors.com, or 020 7067 4300.
10 THINGS TO CONSIDER WHEN SETTING UP IN THE UKBen Robson
Thinking of setting up in the UK but unsure on the things to consider? Our quick guide narrows it down to 10 easy steps!
For further information and advice, please contact ben.robson@ocsolicitors.com, or 020 7067 4300.
FORUM 2013 International insurance programs challenges in managing the regu...FERMA
This document provides an overview of a presentation on managing regulatory and tax regimes for international insurance programs. It discusses increased regulatory scrutiny of insurance programs and changes to regulations and tax rates in various countries. The document then presents a case study of a German manufacturing group seeking a public and product liability insurance program. It provides details on the group's operations and risk manager's requirements. Finally, the document summarizes solutions presented by Zurich and AIG for structuring an insurance program that addresses the client's needs while complying with regulatory and tax requirements in all countries where the client operates.
This document discusses measures taken by the Indian government to mitigate the economic impact of Covid-19. It summarizes projected declines in GDP and GST revenue. The government introduced measures like extending tax filing deadlines and relaxing penalties. It also allowed more input tax credits to be claimed and extended timelines for composition schemes. Industry requested additional measures to boost consumption and investment like lowering tax rates and interest penalties.
Potential tax changes proposed by finance bill 2021ArianaJustin
A N G CPA Professional Corporation - Chartered Professional Accountants of Ontario is a proud accounting firm and a public office authorized by CPA Ontario since 1990. We offer top-notch and affordable accounting services for a wide array of industries. Along with private business practices, our organization caters to professionals such as Lawyers, Dentists, Doctors etc. with services such as Financial Statements (Compilation, Review, Audits), Bookkeeping, and payroll services. We also specialize in services for Lawyers such as Monthly Bank reconciliations, PC-LAW training, PC-LAW Support, Assistance for Audit from law Society of Ontario and Payroll Services.
This document provides an overview of R&D tax credits in the UK. Some key points:
- R&D tax credits incentivize companies to invest in innovative technology by providing tax relief of up to 32% of qualifying R&D costs.
- Both profitable and unprofitable companies can claim tax credits, either as a reduction in taxes owed or as a cash refund.
- Qualifying costs include direct labor, external staff, subcontracted R&D work, and consumables used in R&D projects.
- To qualify for credits, projects must involve technical uncertainty that a competent professional could not easily resolve.
HMRC responded to concerns raised in its Making Tax Digital consultation. It will allow continued spreadsheet use, quarterly reporting for some businesses, and free software. Charities will be exempt and partnerships above £10M have a deferred start until 2020. Commentators say HMRC is listening to stakeholders but businesses should still prepare for changes.
A European court case determined that a holding company cannot reclaim VAT without making charges for management services, as there was no economic activity.
Another DIY builder's VAT refund claim was rejected because planning permission did not allow for separate dwelling use, a legal requirement.
1) The document presents financial information from the balance sheet and profit and loss statement of Monnet Ispat & Energy Limited for the years ending March 31, 2011 and March 31, 2010. It shows increases in total shareholders' funds, loan funds, net fixed assets, and net current assets over the two years.
2) Key notes include an increase in secured loans from foreign financial institutions and decreases in the percentage of loans from banks and non-convertible bonds. There was also a rise in unsecured loans from banks.
3) Net profit after tax increased from Rs. 2691043803 in 2010 to Rs. 2811576635 in 2011, though other income decreased due to lower returns on
In July 2013 the OECD unveiled the Action Plan on Base Erosion and Profit Shifting (BEPS), which aims to develop a new set of standards to prevent double non-taxation and ensure that profits are taxed where they are actually generated. By Grace Perez-Navarro, Deputy Director, and Raffaele Russo, Head of the BEPS Project, Centre for Tax Policy and Administration.
The document summarizes the 2019 OECD Economic Survey of Portugal. It finds that while Portugal's economic recovery is well established, further improvements are needed to raise living standards. It provides several key policy recommendations to strengthen fiscal sustainability, improve financial stability, boost export performance, enhance judicial efficiency, increase labor utilization, and further reduce poverty.
Supply Chain Finance : A Few Legal AspectsAlexandre Clar
Although Supply Chain Finance (aka reverse factoring) is a well established technique, legal constraints, from both the buyer's and the seller's perspective may become roadblocks, at inception or during the life of the programme. Find out how and why !
Red views inflation-linked-bonds-issuance-and-pensions-liabilities-january-2013Redington
This document discusses the growth of the UK inflation-linked bond market and pensions' inflation-linked liabilities. While the inflation-linked bond market has quadrupled since 2005, it remains much smaller than pension schemes' inflation-linked liabilities. This mismatch is pushing real yields lower and limiting pension schemes' ability to match inflation risk. The document examines alternative sources of inflation-linked assets that pension schemes should consider to better match liabilities, such as infrastructure investments.
Similar to Dynamic Discounting and Late Payments Directive (20)
WINC. Australia and New Zealand: Collaborating with Direct Spend Suppliers - ...SAP Ariba
As enterprises evolve from bricks to clicks, it becomes essential to integrate to and collaborate with suppliers on key planning and execution processes to obtain instant supply chain visibility and to help ensure uninterrupted delivery to end customers. Come join this session to hear how WINC. Australia and New Zealand has engaged suppliers to collaborate on ordering, fulfillment, and invoicing processes. Learn about the technical details of how to make this happen.
Using E-Commerce to Integrate Your Collaborative Business Transactions - SID ...SAP Ariba
Leading suppliers are using B2B e-commerce to automate business collaboration and coordinate with customers. E-commerce enables suppliers to reduce costs associated with manual keying of documents; increase customer satisfaction with faster, more-accurate response rates to purchase orders; and achieve cleaner, more-accurate invoices. Hear this panel of leading suppliers discuss how suppliers can leverage the various transactional and integration options available on Ariba Network.
The Road to Strategic Finance: Characteristics of a Highly Effective Finance ...SAP Ariba
Oxford Economics surveyed 1,700+ CFOs and finance leaders globally, with 300+ in ANZ. The results revealed interesting insights on how finance in ANZ compares to global leaders. Join this session to hear key themes that emerged and use cases of SAP solutions helping finance leaders become more effective in the digital age. Key themes include supporting strategic growth and line-of-business collaboration, staying on top of technology and innovations, and closing the gap between finance and risk.
The Future of How Work Gets Done: Are You Seeing the Big Picture? - SID 51473SAP Ariba
While sourcing and contracting capabilities continue to mature, operational procurement, especially for services, remains a challenge. Complete services category management can help your organization reduce excess spend, inefficiency, and significant risk. This is where SAP Fieldglass solutions come in. Join us to learn how organizations can use these solutions to power the agile enterprise and streamline statement of work management.
Simplify Supplier Risk Management Across Your Procurement Processes - SID 51538SAP Ariba
Suffering from sporadic supplier due diligence and fragmented risk information? Getting burned from engaging with at-risk suppliers? You are not alone. Come learn how to simplify supplier risk management across your procurement processes. Industry experts will share their experience using the SAP Ariba Supplier Risk solution to help ensure focused risk due diligence during supplier selection, detect early warning signals, and proactively monitor and address risks for each supplier engagement.
SAP Ariba Solutions Realized: Stories of Effective Implementation and Forward...SAP Ariba
Hear how an SAP customer used change management to deploy multiple SAP Ariba solutions. Discover how the company overcame competing priorities and cultural resistance to automate manual procurement processes. Join us to learn how the company is successfully implementing SAP Ariba solutions, seeing results, and learning lessons along the way.
Rio Tinto: Sourcing Multiple Spend Categories in a Single Platform - SID 51255SAP Ariba
One of the biggest challenges enterprises face in their sourcing processes is managing multiple types of spend – direct materials, indirect, and services. Join this session to learn how Rio Tinto is using SAP Ariba solutions to manage multiple types of spend, including complex spend. Obtain strategic frameworks and best practice recommendations for sourcing tactics and templates. Hear about new capabilities that simplify the sourcing of complex spend.
Preparing for Awesomeness: 12 Keys to Success - SID 51270SAP Ariba
"Effective use of SAP Ariba solutions can drive significant results, but to maximize value, a focus on factors such as governance, compliance, and success measurement is critical. Changing the behavior of people is at the heart of delivering on this vision. In this session, learn about 12 key areas on which to focus and hear from others on how they are achieving success. We also review actions you can take now to get a plan on track.
Workshops have a different format from that used for traditional theater-style breakout sessions. They offer more intimate, team-style environments with hands-on and group activities. In order to provide the best possible experience, we limit these sessions to 50 attendees. The first 50 people who schedule a workshop session in the agenda builder will be registered to attend. There will be a waitlist for those who sign up after the initial 50. Please plan to arrive 10 minutes before the scheduled start time in order to check in. Those who have not checked in by the start time will forfeit their seats, and waitlisted attendees will be allowed to take any open slots."
Paperless Supply Chain Collaboration at DuluxGroup - SID 51254SAP Ariba
As manufacturers become more reliant on their direct spend suppliers, supply chain processes become more iterative and collaborative. Learn from DuluxGroup, a major process manufacturer, how it has leapfrogged traditional collaboration means like EDI and extended collaboration efforts to large and small suppliers alike in its paperless factory initiative.
Leading Change and Diversity in Procurement - SID 51537SAP Ariba
Join us for a provocative Women in Leadership panel discussion featuring successful female leaders who will share their personal experiences of opportunities and barriers to success for women in the procurement and supply chain industry. We will explore recruiting and developing female talent for leadership, leveraging diversity as a change agent, and the importance of honing effective communication skills to succeed.
Key Strategies for Procurement to Increase Savings and Contribute to Strategi...SAP Ariba
Procurement can have a significant impact on financial results, negotiating beyond price reduction while strengthening both the supply chain and supplier relationships. Learn how procurement can use payment terms to increase savings and income for the company via early payment discounts or help the company increase DPO and cashflow. Find out how these strategies are helping procurement partner with the CFO to support corporate goals such as growth, innovation, R&D, and financial objectives.
Redefining Procurement Transformation in the Digital Age - SID 51413SAP Ariba
Hear how the provider of the largest electricity network in Australia, Ausgrid, has gained real advantages and procurement efficiencies. Learn how this company is using a single platform in the source-to-contract and procurement environment with minimal customization.
Redefining Procurement Transformation in the Digital Age - SID 51413SAP Ariba
Hear how the provider of the largest electricity network in Australia, Ausgrid, has gained real advantages and procurement efficiencies. Learn how this company is using a single platform in the source-to-contract and procurement environment with minimal customization.
Recent Innovations in Sourcing, Contracts, and Spend Visibility - SID 51373SAP Ariba
The SAP Ariba solutions team has embarked on a journey to bring persona-based user experience (UX) to both sourcing and contract management. Enhanced with in-context intelligence and analytics, smart sourcing and contracts are now a reality. See demos of some of our recent innovations such as the shared services application and mobile and enhanced authoring. You will also get a preview our future innovation plans and upcoming features.
More Ways to Buy Means More Savings: Maximizing the Value of SAP Ariba Soluti...SAP Ariba
There are always opportunities to improve your spend management program. If you have your eye on areas of spend, but are uncertain how to tackle them, this session is for you. We explore different ways of buying with SAP Ariba solutions, and discuss which categories of spend are best suited to each. You’ll leave the session well-armed to take on projects for invoice against contract, spot buy, non-PO invoicing, and more, maximizing the value your organization derives from SAP Ariba solutions.
How to Get Mass Supplier Enablement: Transform Your Supplier Enablement Progr...SAP Ariba
Hear how e-commerce innovators have digitalized their companies beyond their four walls, enabling diverse, global supply bases to transact across Ariba Network. Learn about best practices for setting up a project, communicating with suppliers, and developing an effective on-boarding strategy. The session will also discuss support from the SAP Ariba SMO/ACO team, as well as the opportunity to engage one-time or low-volume suppliers through the recently announced light account capability.
How to Craft a World-Class Commerce Program with Your Suppliers - SID 51263SAP Ariba
This document discusses how to craft a world-class commerce program with suppliers using digital collaboration. It outlines how SAP can help companies develop and run supplier enablement programs to maximize success. The benefits of digital commerce networks for both customers and suppliers are described, such as improved process efficiency, cost reductions, and sales growth. Successful strategies for supplier onboarding onto digital networks through active and light enablement approaches are also presented.
How Procurement Leaders Are Changing to Manage in the Digital Economy - SID 5...SAP Ariba
Hear how businesses are driving change in procurement to meet the digital demands of today’s economy and prepare for the future. Listen to how these companies have leveraged the SAP Ariba Procurement solutions to improve compliance, gain efficiency, and ensure better controls in their processes.
How Do Our Most Successful Customers Do It? The Must-Have Ingredients for Val...SAP Ariba
This document discusses key ingredients for successful business transformations. It identifies program vision and business case, executive sponsorship, supporting policy, cross-functional collaboration, and communication as critical success factors. The document provides best practices for each success factor and explains how they can increase the likelihood of a transformation effort achieving its goals. Executive sponsorship in particular is emphasized as essential for gaining company-wide support, ensuring goals are prioritized, and removing barriers to progress. Strong program vision and business case are also highlighted as important to define expected outcomes and benefits in a clear and tangible way.
How Do Our Most Successful Customers Do It? The Must-Have Ingredients for Val...SAP Ariba
Companies are looking to solve different challenges and to achieve different outcomes. Despite all the factors that differentiate these companies, the key ingredients in the recipe for success are the same. Attend this session if you are interested in understanding how to build a strong program with SAP Ariba solutions that will lead to long-term value realization. Learn about the critical elements that our most successful customers share, and that all customers should strive for.
The report *State of D2C in India: A Logistics Update* talks about the evolving dynamics of the d2C landscape with a particular focus on how brands navigate the complexities of logistics. Third Party Logistics enablers emerge indispensable partners in facilitating the growth journey of D2C brands, offering cost-effective solutions tailored to their specific needs. As D2C brands continue to expand, they encounter heightened operational complexities with logistics standing out as a significant challenge. Logistics not only represents a substantial cost component for the brands but also directly influences the customer experience. Establishing efficient logistics operations while keeping costs low is therefore a crucial objective for brands. The report highlights how 3PLs are meeting the rising demands of D2C brands, supporting their expansion both online and offline, and paving the way for sustainable, scalable growth in this fast-paced market.
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Presentation by Herman Kienhuis (Curiosity VC) on Investing in AI for ABS Alu...Herman Kienhuis
Presentation by Herman Kienhuis (Curiosity VC) on developments in AI, the venture capital investment landscape and Curiosity VC's approach to investing, at the alumni event of Amsterdam Business School (University of Amsterdam) on June 13, 2024 in Amsterdam.
Adani Group's Active Interest In Increasing Its Presence in the Cement Manufa...Adani case
Time and again, the business group has taken up new business ventures, each of which has allowed it to expand its horizons further and reach new heights. Even amidst the Adani CBI Investigation, the firm has always focused on improving its cement business.
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Best Competitive Marble Pricing in Dubai - ☎ 9928909666Stone Art Hub
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Ellen Burstyn: From Detroit Dreamer to Hollywood Legend | CIO Women MagazineCIOWomenMagazine
In this article, we will dive into the extraordinary life of Ellen Burstyn, where the curtains rise on a story that's far more attractive than any script.
Tired of chasing down expiring contracts and drowning in paperwork? Mastering contract management can significantly enhance your business efficiency and productivity. This guide unveils expert secrets to streamline your contract management process. Learn how to save time, minimize risk, and achieve effortless contract management.
Prescriptive analytics BA4206 Anna University PPTFreelance
Business analysis - Prescriptive analytics Introduction to Prescriptive analytics
Prescriptive Modeling
Non Linear Optimization
Demonstrating Business Performance Improvement
NIMA2024 | De toegevoegde waarde van DEI en ESG in campagnes | Nathalie Lam |...BBPMedia1
Nathalie zal delen hoe DEI en ESG een fundamentele rol kunnen spelen in je merkstrategie en je de juiste aansluiting kan creëren met je doelgroep. Door middel van voorbeelden en simpele handvatten toont ze hoe dit in jouw organisatie toegepast kan worden.
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Cover Story - China's Investment Leader - Dr. Alyce SUmsthrill
In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
28. #AribaLIVE
Opportunity: Process Efficiency Is Key
e-Invoicing -- the First Step to Maximizing Discount Capture
1%
DiscountRate
Days of Invoice Approval and
Payment
2%
2010 30
PaperInvoice
Approvals
60
3% e-Invoice
Approvals
Reduce invoice approval cycle time to:
Drive out cost while improving efficiency
Increase visibility into payment timing
Maximize early payment discount savings
Mitigate supply chain liquidity risk
Reduce
Cycle Time
Example discount term:
2%10 Net 30
30. #AribaLIVE
1) Capturing missed discounts through Ariba’s smart invoicing approach
2) Rapidly enabling more suppliers to increase the amount of spend under discount
3) Introducing sliding scale dynamic discounts.
4) Giving Visibility into Opportunity to right audience and providing Technology to
act on it.
Example:
2% 10 Net 30
2%
1%
0%
2.5%
Best Practices for Dynamic Discounting
Supercharge Savings with Ariba Discount Management
The next two slides show that- if not applied correctly- the EU directive will have negative (unintended) consequences for SMEs.This first slide shows that the directive will provide beneficial effects for those SMEs that supply public authorities. The examples apply to italian companies, but the concept equally works for any European enterprise.
For SMEs that operate purely in the B2B space the directive might force them to reduce payment terms to their large buyers, while SMEs will not have the sufficient negotiation strength to accelerate collections from their large corporate customers. The directive states that the 60 days terms applies in B2B contracts only if not agreed otherwise. It is likely that- until the economic crisis is not over- large enterprises will exercise their power to force smallers suppliers to accept tight conditions if they want to maintain the business.This is not in line with the spirit of collaboration and- foremost- the risk of default of SME suppliers is high and potentially disruptive also for their large buyers.