Access to cash remains a continued priority for finance and procurement chiefs. The way to make businesses more agile through better availability of funds is by having a more collaborative relationship between procurement and finance – from the top down.
Many of the answers lie in the use of more effective technology, linking together supplier information to strengthen negotiation. But it’s not just technology. Finance is from Mars and procurement is from a different part of Mars. Despite the links between the two, there are two different languages and distinct circles of influence. (more…)