The Cost of Control: Disrupted Networks

THE COST OF CONTROL / OVERDUE) Buyers Increasingly Recognize Suppliers as Equals but Late Payment Persists FINANCE EXECUTIVES BELIEVE 15% 2/3 understand late of invoices remain unpaid past their payment terms payments cause problems for their suppliers UNPAIO 38% acknowledge that their late or erroneous payments to suppliers impact the suppliers'commercial performance to the same degree as it would their own business. FINANCE EXECUTIVES ARE ALSO CONCERNED ABOUT THE VISIBILITY OF ACTIVITY WITHIN THE SUPPLY CHAIN. 64% believe that the transparency of an open and collaborative supplier network helps to overcome some of these challenges and provides a more effective basis for sustainable cost savings than closed or exclusive network environments. 59% think the visibility of supply chain activity and supplier payment is becoming more difficult due to the increasing complexity of the networks. WHEN ASKED ABOUT THE MOST SIGNIFICANT CHALLENGES OF MAKING IMPROVEMENTS TO PURCHASE-TO-PAY (P2P) SYSTEMS 46% of finance executives state the lack of flexibility of the systems and the disruption to complex supplier networks caused by changes to these systems. However, 62%o claim that connecting disparate parts of the purchase and payment process within their businesses will be critically important in the next 2 years. TAKING A DEEPER LOOK AT HOW ORGANIZATIONS CAN IMPROVE COLLABORATIVE INTERACTION 56% of finance executives consider shared information and e-commerce systems to be the most effective methods for enhancing businesses collaboration across disparate supply chains and improving the way companies interact on a commercial level. For a full copy of the latest Basware Cost of Control Disrupted Networks report please visit: http://www.basware.com/knowledge-center/cost-of-control-report-2012-disrupted-networks. basware P2P SYSTEM