Digital transformation is a strategy. For it to work, it needs to be accepted across the entire supply chain, providing benefits to senders and receivers. There is no point in embracing a technology like Blockchain if the majority of your clients are using a different strategy.
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Digital transformation can also act as an enabler. If back office functions correctly, speed and accuracy increases and costs go down. What starts in operations with electronic data capture realises benefits in other parts of an organisation.
https://i1.wp.com/www.cloud-trade.com/wp-content/uploads/2019/11/Hero-Image.jpg?fit=1200%2C630&ssl=16301200Jeremy Phillips/wp-content/uploads/2019/04/CloudTradeLOGO.pngJeremy Phillips2019-08-23 10:00:042019-11-21 11:46:13Higher education embraces digital transformation
Supply chain finance – otherwise known as “reverse factoring” – has exploded in popularity in recent years, as businesses have recognised the positive impact it can have on cash flow and relationships across the supply chain.
https://i2.wp.com/www.cloud-trade.com/wp-content/uploads/2019/11/Hero-Image-1.jpg?fit=1200%2C630&ssl=16301200Stewart Jacobsen/wp-content/uploads/2019/04/CloudTradeLOGO.pngStewart Jacobsen2019-08-12 10:00:422019-11-21 11:43:40The big benefits of supply chain finance
Organisations looking to implement EDI for the first time need to consider the challenges associated with this legacy approach to electronic trading. And those looking to upgrade should think twice before throwing good money after bad.
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The Pan European Public Procurement Online (PEPPOL) enables suppliers to connect seamlessly with buyers. But many suppliers are missing out on some of the benefits of PEPPOL by using third party portals.
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The project that we’ve been working on is all cutting-edge technology. Because we’re working at a large scale, you need the proper architecture in your software to deal with that.
https://i0.wp.com/www.cloud-trade.com/wp-content/uploads/2019/11/Developer-Diaries-An-Interview-with-CloudTrade’s-Michael-Thomson-Head-of-Engineering-Hero-Image.jpg?fit=1200%2C630&ssl=16301200Sarah Pritchards/wp-content/uploads/2019/04/CloudTradeLOGO.pngSarah Pritchards2019-07-16 14:21:002019-11-21 11:48:06An Interview with CloudTrade’s Head of Engineering, Michael Thomson
The UK public sector is preparing for a shift in its approach to e-invoicing. That’s thanks to EU Directive 2014/55/EU. The directive sets out how public sector organisations must be able to receive and process EU-compliant e-invoices from suppliers by 18th April 2020.
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As we recently pointed out in a blog post on the problem of late payments, accounts payable departments are the “Cinderellas” of large organisations.
https://i0.wp.com/www.cloud-trade.com/wp-content/uploads/2019/11/How-to-delight-customers-and-minimise-lost-revenue-Hero-Image.jpg?fit=1200%2C630&ssl=16301200Sarah Pritchards/wp-content/uploads/2019/04/CloudTradeLOGO.pngSarah Pritchards2019-07-01 12:18:002019-11-15 15:45:29How to delight customers and minimise lost revenue