Dynamic Discounting / Invoice We Trust

Dynamic Discounting - Invoice We Trust

Regardless of how “good” a business may be, ultimately its fate rests on a solid cash flow. In order to continue trading, every company needs money to come in so that they can purchase raw materials, which can be processed and converted into saleable goods and in turn create more cash.

As harsh economic conditions continue to bite, businesses are delaying payment to their suppliers to moderate their own cash flow, but in doing so jeopardise the viability of the other members of their supply chain. So how does a business encourage its customers to pay on time, or better yet, early?

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Posted on September 5, 2012 in Accounts Payable, Cash Flow Management, Celtrino Platform, Smart Admin, Supply Chain by
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Can Samsung Learn From Apple’s Supply Chain?

Can Samsung Learn From Apple’s Supply Chain?

Leading computer and smartphone manufacturer Apple has topped Gartner’s global supply chain ranking table for the fifth consecutive year. The report accompanying the release of the rankings was impressive – a 20.2% return on assets coupled with a 51.5% growth in revenue on the previous year gave Apple an unassailable lead.

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Posted on August 29, 2012 in Gartner, Report, Supply Chain, Supply Chain Management by
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Ghana Unveils eProcurement Plans

The West African state of Ghana has announced plans to implement an electronic procurement system by the end of 2012. The new system is being funded under a three year pilot scheme by the World Bank.

Ghana Unveils e-Procurement Plans

Source: Financialtechnologyafrica.com

The move to an electronic procurement alternative is, as with most similar projects, designed to reduce the costs incurred by the Ghanaian government when securing goods and services. The highest spending government departments will be the first migrated onto the new eProcurement platform including the Ghana Cocoa Board, the Volta River Authority, Ghana Grid Company, Ministry of Communications and the Ministry of Finance and Economic Planning.

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Posted on August 22, 2012 in eProcurement, Public Sector by
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Supply Chain Issues Cost UK Tech Firms Dearly

Supply Chain Issues Cost UK Tech Firms Dearly

Although tech giant Apple may have a superb supply chain to thank for much of their continuing success, a recent report by insurance provider Zurich suggests that medium-sized UK tech companies are not so fortunate. In the document, entitled ‘Weakest Link: UK Plc’s Supply Chain’, analysts reported that 88% of the 500 businesses surveyed had experienced at least one significant and costly disruption to their supply chain.

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Posted on August 15, 2012 in Celtrino Platform, Cloud Computing, Supply Chain by
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Celtrino’s Cloud has a Silver Lining

“Celtrino is growing, we need to be more scalable, we need to be in the cloud.”

That was the simple directive I received from our CEO over two years ago. At the time, my initial instinct was to advise him that we were already in the cloud, in “our cloud”, and after 10 years of optimising and fine tuning “our cloud” and our resources and processes we were really firing on all cylinders now, so thank you very much Windows Azure, but maybe we’ll pass for now. But I didn’t, mainly because despite the success of our own private cloud platform, I agreed with his vision.  Cloud computing was like a snowball that had been pushed down a hill, still small at that stage but growing in size and velocity and it was on a crash course for IT services. As Head of IT, the allure of having the ability to scale our IT platform without having to consider the logistics of rack space, or power units, or hardware contingency planning and having on-demand access to IT system resources via state of the art, internationally accredited data centres was simply irresistible.

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Posted on July 11, 2012 in Celtrino Express, Celtrino Platform, Cloud Computing, eBilling, Windows Azure by
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Microsoft WPC 2012 – A Stepping Stone

Microsoft WPC 2012 logo

With only a couple of days to go before I pack my bags for Toronto, I am making time to prepare for this year’s Microsoft World Partner Conference (WPC). It’ll be my second time to attend and I’m now beginning to look forward to the razzamatazz of the event including the high powered keynote presentations each morning and the more detailed focused meetings.

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Posted on July 4, 2012 in Celtrino Express, CRM, eBilling, Microsoft World Partner Conference, Windows Azure by
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Celtrino in the Sunday Business Post – Increasing Supply Chain Efficiency and Reducing Cost

Take a look at our recent appearance in the Sunday Business Post.

Read about our philosophy, our newly launched e-Billing service called Celtrino Express and also about PEPPOL, the EU e-Invoicing initiative and our participation in the Irish pilot.

As always, if you have any questions, feel free to drop us a comment, tweet or e-mail and we’ll be sure to get back to you.

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Posted on June 29, 2012 in Celtrino Express, e-Invoicing, eBilling, PEPPOL, Supply Chain Management by
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e-Billing Service Replaces the Mailroom

Previously we discussed how Celtrino Express offers the opportunity to retire your mailroom, thanks to the reduced administrative overheads provided by electronic invoicing. Replacing printed invoices with electronic equivalents saves time, effort, stationery and ultimately money too. So what can you replace your mailroom with?

Celtrino Express e-Billing service replaces the mailroom

According to the Billentis 2012 annual report into global e-invoicing adoption, the average outgoing paper-based sales invoice costs around €11.10 to process. This figure includes costs for printing, posting, chasing, processing and archiving the paperwork for every single invoice. Billentis then found that the average electronic invoice cost €4.70, a saving of 57% per invoice.

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Posted on June 20, 2012 in Celtrino Express, e-Invoicing, eBilling, Electronic Billing by
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Celtrino Achieves a Microsoft Silver Independent Software Vendor (ISV) Competency

Celtrino earns distinction through demonstrated technology success and customer commitment.

DUBLIN, Ireland — June, 19th, 2012 Celtrino today announced it has achieved a Silver ISV competency, demonstrating its ability to meet Microsoft Corp. customers’ evolving needs in today’s dynamic business environment. To earn a Microsoft silver competency, partners must successfully demonstrate expertise through rigorous exams, culminating in Microsoft certifications. And to ensure the highest quality of services, Microsoft requires customer references for successful implementation and customer satisfaction.

Microsoft Partner Silver Competency

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Posted on June 19, 2012 in Announcements, Celtrino Express, Cloud Computing, Windows Azure by
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The Impact of Celtrino Express on Cash Flow

For a successful business, a healthy cash flow is essential. Delayed payments can prove catastrophic, so anything which can be done to prevent late payments becomes a business priority. Here are a few potential payment protractors and how Celtrino Express can help negate them:

Processing issues

Celtrino Express and Cash Flow

Every paper invoice your business sends out needs to be entered manually into your customer’s accounts system. Unfortunately, any process which requires manual intervention introduces the chance for human error to creep in. A typing error can quickly become a payment dispute, which then delays payment. Delayed payments often create cashflow problems which then have a much larger impact on your business.

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Posted on June 6, 2012 in Cash Flow Management, Celtrino Express, e-Invoicing, eBilling, Electronic Billing by
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