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
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