Treasury and payments news roundup
by Kylene Casanova
A roundup of news stories from Volante, IFC, Demica, Bank of America Merrill Lynch and CompleXCountries
Procure-to-Pay Cycle in WCM
Background
The Procure-to-Pay (P2P) cycle covers all processes from producing the Request For Proposal in procurement through invoice presentment and processing , to invoice discounting, to payment and…
Read moreBNP Paribas and Cashforce enter into partnership
by Jack Large
Offering digital cash flow forecasting and working capital services to corporate treasurers
When should supply trade finance be considered debt?
by Bija Knowles
ITFA says it will issue guidelines to clarify disclosure of reverse factor structures and identify risky SCF programmes
Procurement: Get basics right then automate
by Jack Large
Procurement should be strategic and not just about buying at the lowest price, says Brian Shanahan, CEO and founder of Informita
Overdue B2B receivables in Americas hit cash flow
by Bija Knowles
Companies in the US, Brazil, Canada and Mexico are waiting longer for payments – with impact on bottom line
Previse to shake up public procurement, cut late payments
by Bija Knowles
Previse's instant payments technology is now available to UK government departments through the government's procurement platform
Procurement revolution will cut costs and working capital
by Bija Knowles
The automation of much of the procurement function will reduce costs and the need for resources through the supply chain
Invest to achieve cost savings in procure-to-pay
by Bija Knowles
Every £10 invested in e-procurement software can bring a cost saving of £72, through savings on supplier costs and internal processing
UK businesses asked to map supply chains for post-Brexit risk view
by Bija Knowles
The British government has asked businesses to map their supply chains to highlight areas of the economy that would be most at risk in a post-Brexit environment
Three strategies for good supply chain planning
by Bija Knowles
Planning is a key priority for supply chain professionals in 2018, with managing supplier relationships, inventory management and procurement also identified as areas for improvement
Barclays launches green loans for sustainable trade
by Bija Knowles
Barclays Corporate Banking has launched a new product designed to help businesses with their working capital needs when pursuing sustainable activities
Is maintaining working capital efficiency impossible?
by Jack Large
Pharma working capital management study shows that excess working capital has risen 33% to €68 Billion since 2015
European Commission tackles late payments in food supply chain
by Bija Knowles
Late payments are a scourge throughout business supply chains worldwide. Now the European Commission has announced action to ban unfair trading practices in the food supply chain
Just 6% of procurement leaders have full transparency of supply chain
by Bija Knowles
Lack of supply chain visibility, a dearth of digital skills and Brexit/NAFTA uncertainty are some of the challenges facing procurement leaders
Slow collection of receivables why manufacturing leaking €177 billion WC
by Jack Large
PwC survey shows that deterioration in net working capital days is at a five year high and average returns on capital employed (ROCE) has fallen by 5%
Late payment is bad for business – yet 27% of UK invoices paid late
by Bija Knowles
Keeping suppliers waiting beyond the payment terms for invoice payment makes no economic sense and is damaging the supply chain – yet 27 per cent of invoices are paid late in the UK
Is voice activated cash management possible?
by Kylene Casanova
All the technologies - artificial intelligence, cloud, APIs to stitch different systems together, integrated P2P solutions, etc., are now available to make this happen
Four strategies for better working capital management
by Bija Knowles
Profitability can put processes such as cash conversion in the shade. This article by McKinsey suggests ideas for implementing a working capital improvement programme in a big organisation
Five key steps to optimise your working capital
by Jack Large
GrantThornton WCM study shows only 3% of companies improved their cash-to-cash cycle in 2017 and that £8.8bn net can be released from UK companies balance sheets
More CFO collaboration with procurement can impact bottom line
by Bija Knowles
Procurement and finance departments are not collaborating sufficiently, with only around half of CFOs surveyed saying they work closely with procurement and support procurement technology
How good is your WCM performance really?
by Jack Large
PrimeRevenue launch Working Capital Grader: an interactive tool for comparing performance with your peers
We are all Amazonians now with ‘instant’ C2B and B2B models
by Jack Large
Consumer experience with the latest technology and systems is driving new corporate practices and systems together as B2C and B2B business models start to merge
Sloppy stats could be costing your company millions
by Jack Large
Are you really paying on time? Understand what your definitions and statistics truly mean
The Brexit effect on cross-channel supply chains
by Bija Knowles
The UK's decision to leave the EU is already affecting procurement and supply chains. Businesses are seeking to limit damage any way they can