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How to delight customers and minimise lost revenue

As we recently pointed out in a blog post on the problem of late payments, accounts payable departments are the “Cinderellas” of large organisations.

Collaborate to Accumulate

Here at CloudTrade, we’re proud of the unique technology we’ve built but we know that sometimes our solution only answers half the question. That’s why collaboration is crucial to our business.

6 things I learnt at SAP Ariba Live Barcelona

SAP Ariba Live isn’t your average conference. It’s the premier event on the procurement calendar, one that brings together over 3,000 forward-looking professionals from across the supply chain and e-commerce ecosystems.

A practical solution to late payments

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The latest press release from the Chartered Institute of Credit Management (CICM) on the Prompt Payment Code (PPC) makes for grim reading. 17 companies have been removed or suspended from the Code during the past quarter, with some household names being very publicly named and shamed.

How Intelligent Data Capture Drives Profitability

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Last week on the blog we talked about how regulation and new technologies, such as intelligent data capture, are helping large companies to pay small suppliers on time. In turn, this is enabling large companies to move towards an automated, paperless future. This is good news for both the environment and for company bottom lines.

Why Intelligent Data Capture is a Stepping Stone Towards Machine Learning

As you’ve likely noticed, an increasing number of small and medium-sized businesses are assessing how they can adopt machine learning, artificial intelligence and RPA.

Line-level data: The importance of cement and tomatoes

When it comes to processing documents, the vast majority of businesses follow the same drill. They use header level information to match the minimum information needed to complete the process – whether it be invoices or other documents.

4th - 6th June, CloudTrade at #SAPAribaLive Barcelona

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CloudTrade will be flying to SAP Ariba Live in Barcelona, 4th - 6th June. Ariba Live is the largest procurement and supply chain event in the world. It will be a fantastic few days that will bring together a hugely diverse community of buyers, suppliers and partners to share discussions, ideas and best practises on all things Ariba.

The problem with Brexit, and the future of e-invoicing

Big changes are coming to the e-invoicing market, thanks to EU directive 2014/55/EU. Public sector organisations in Europe must be able to receive and process EU compliant einvoices from their suppliers by April 18th 2020, at the latest. The objective is to standardise invoice content, making it easier and cheaper for local government and central government to process them.