This is a summary of the post originally written by Susie West of sharedserviceslink.com. You can read her post here.
As part of a sharedserviceslink.com webinar Peter Lugli (Senior Director of Financial Solutions at Ariba) and Susie West asked this question: “How important is it that your service provider can offer supply chain financing to your suppliers?” to European Shared Service Centres.
- of the future direction of e-invoicing
- the concept of supply chain financing (SCF) is growing steadily in the e-invoicing space.
- Peter and Susie wanted to find out just how big-a-deal this concept was to shared services organisations.
The results and conclusions
According to Susie West the results “smacks of a maturing market”:
- SCF functionality is central to our requirements: 3%
- SCF functionality is important but not the key driver: 31%
- SCF functionality is not important: 44%
- Not sure: 22%
This shows that [quote] “the drivers for e-invoicing are changing. With the economy still weak, e-invoicing is more compelling for suppliers if they know they can get their hands on the cash quicker. And e-invoicing enables this. To the 44% that said SCF “is not important”, please can I suggest you revisit this view? It may help with supplier onboarding and may indeed make your own business case even more compelling.”
To listen to the webinar click here
Carmen Ciciriello on 
Ranko Smokvina on 
Olav Astad Kristiansen on 