Market trends

Preparing for Payment Practice and Performance Reporting

Why is prompt payment a priority in 2017? Small businesses are the backbone of our economy. They represent over 99% of the five and a half million private sector businesses that make up UK plc, so they’re crucial to driving growth, opening up new markets and creating employment. But for decades, it’s been common practice among some large organisations to extend payment terms to smaller suppliers...

Robotic Process Automation and Machine Learning – the New Outsourcing

Outsourcing of Accounts Payable (AP) or the centralizing of functions to Shared Service Centers (SSCs), has been a leading trend for decades. This is considered a standard part of almost every company’s corporate financial services menu, but now there’s something new cooking that’s helping businesses get leaner – robotic process automation (RPA) and machine learning. Why are companies applying...

Innovation: Marginal Gains vs The Big Idea

Nowadays, every business is talking about innovation as a means of competitive differentiation or disruption. But just how realistic is it to strive for continuous evolution, or even revolution? In his session at Basware Connect UK 2016, the Undercover Economist, Tim Harford, drew on examples from the worlds of sport, genetic engineering and defence to compare the merits of marginal gains with...

Drowning in Data?

Analytics can save your life. Possibly a slight exaggeration, but when you’ve got Analytics like ours in place and you think back to the manual reporting you did previously, it really can feel like a life saver. “It seems these days that the availability of data is outstripping many organisations’ capacity to make effective use of it.” – Jereme Pineda, Analytics Product Manager, Basware. I’m sure...

Preparing for Basware Connect UK - Rich Lanza

In rounding out my slide deck for the upcoming Basware Connect event on Preventing Fraud in Accounts Payable, I wanted to share three truths we can't lose sight on as we go into 2016:   1) Fraud is One "F" Word We Can't Avoid Saying - While some F words are used extensively in a business setting, Fraud is an F word that few want to consider given the feelings it dredges up about others.  However...

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