Automating P2P to Enhance Performance

Automating P2P to Enhance Performance by Michael Friede, VP Procurement & Trading, Bayer MaterialScience, LLC and Head of Global Procurement Intelligence, Bayer MaterialScience Many companies, including Bayer MaterialScience (BMS), have invested significant human and financial resources in optimising their cash management and banking activities so that payments are transacted securely, efficiently and cost-effectively. To achieve a […]

Supplier Finance to Enhance Working Capital and Reduce Risk

Supplier Finance to Enhance Working Capital and Reduce Risk by Michael Friede, Head of Global Procurement Intelligence, Bayer MaterialScience In late 2008, the Bayer holding company undertook a large working capital project across all business areas. As part of this project, the CFO tasked the working capital team to come up with innovative ideas for […]