Finance & Accounting

2 Posts authored by: Elaine Benfield

Networked Enterprises are 50% more likely to be market leaders, gain market share, achieve higher margins, and increase sales. There is a high correlation to efficiency AND effectiveness when there is strong alignment between Procurement and Finance. And E-Invoicing produces a greater amount of strategic value than order automation alone as top-performers can reallocate more resources to higher value-add activities. Hackett Group: Webinar: “Build Your Business Case for Procure-to-Pay Automation,” September 22, 2011.

"Large corporate are hoarding cash at unprecedented rates while stretching supplier payment terms. At the same time, availability of credit for smaller and mid-size suppliers is very tight, which creates a market condition ripe for dynamic discounting" Hackett Group: Webinar: “Build Your Business Case for Procure-to-Pay Automation,” September 22, 2011

 

To read more about this trend, the following article discusses "Cash-hoarding companies: prudent or part of the problem?" What are your thoughts? Do you agree?

 

http://www.theglobeandmail.com/report-on-business/economy/cash-hoarding-companies-prudent-or-part-of-the-problem/article2180958/

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