Webinar finance 4 0 v01

03.05.2023 Presentation name1

Finance 4.0Stay ahead of the competition by anticipating disruption

Welcome to the Webinar – we’ll start shortly

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Agenda

1

2

3

4

5

Introduction of the expert panel

Why disruptions matter?

The four big changes ahead

Finance 4.0: the disruptions in Purchase-to-Pay?

Q&A


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Introduction

05/03/2023 Presentation name3

Ali FaisalData Scientist

Petri KarjalainenHead of Product Marketing,Buyer-Supplier Ecosystems

@petrikarj

Henri WiikProduct Marketing Manager

@hwiik

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What is a disruptive innovation?

Creates:New marketsNew value chains

Destroys:Old productsOld market leaders

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Are we good at predicting disruption?

Regulations

Technology

Business model

“There’s now change that iPhone is going to get any significant market share”

– Steve Ballmer, 2007

“There is no reason anyone would want a computer in their home”

– Ken Olson, DEC, 1977

“A rocket will never be able to leave the Earth’s atmosphere”

– New York Times, 193603.05.2023 Presentation name5

+ =

Exponential development

Confidentiality Webinar - How to succeed in RPA6 August 26, 2016

Blockchain

AI / Machine Learning

Payment Services Directive 2

PEPPOL

The themes for finance decision makers


Blockchain



PEPPOL


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Blockchain is an encrypted and distributed database enabling smart contracts Benefits of distributed database vs. middle man

Higher security

No delays

Wider reach

Lower costs

Smart contracts

Can’t be hacked

Trust protocol build in

Facilitate, verify,

enforce the contract

Automatic processin

g

Global encrypted ledger


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Blockchain development environments

Hyperledgermodular framework developing open standards

Ethereumdecentralized platform that runs smart contracts



Blockchain



PEPPOL

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Who’s investing into Machine Learning?


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Machine LearningExplore, describe or predict based on data

Classification Anomaly detection Prediction Clustering Reinforcemen

t learning


AB A

A A

A AA

A

BB

BB

B

B

B B

C CCC C D

Is this payment normal?

Is this payment ICT expense?

How much will I sell next month?

?A

A A

A AA

A

BB

BB

B

B

B B

C CCC C

Who bought same types of items?

A

A

A

A

AAAAAA

A

A

A

From trial & error: what should I do?

Source: applied from https://azure.microsoft.com/en-us/documentation/articles/machine-learning-data-science-for-beginners-the-5-questions-data-science-answers/


Blockchain



PEPPOL


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PSD2: Payment Services Directive 2In 2018 banks to grant API accesses for 3rd party providers


AISP: Account Information Service ProviderAPI

API API API

Current individual connections

Bank 1 Bank 2 Bank 3

Company A


Blockchain



PEPPOL


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PEPPOL network

PEPPOL: Pan-European Public Procurement Online


SF

N DAccesspoints

•E-catalogue•E-ordering•E-invoicing • Open, standardized, many-to-

many platform

• Becomes mandatory in public procurement on March 2018(CEN TC 434)

• An EU directive mandating all member states to use PEPPOL

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POLL: On which topic you would like to learn more?

• Blockchain• AI / Machine Learning• PSD2: Payment Services Directive 2• PEPPOL



P2P?

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Finance 4.0: the disruptions in Purchase-to-Pay?


Purchase order

Receive goods / service

Process invoice

Send paymen

t

Business Network

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POLL QUESTION

• Would you like to be contacted?– Yes, please



Q&AWebinars coming next:October 27: How will blockchain change B2B interactions?November 2: Why accurate procurement data is critical in invoice automation?November 10: Five ways you should be using data for smarter purchasing

www.opuscapita.com/webinars


Thank you!

Economy & Finance

Webinar finance 4 0 v01