Webinar finance 4 0 v01
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Transcript of 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
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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
Confidentiality Webinar - How to succeed in RPA7 August 26, 2016
Blockchain
AI / Machine Learning
Payment Services Directive 2
PEPPOL
The themes for finance decision makers
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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
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Confidentiality Webinar - How to succeed in RPA10 August 26, 2016
Blockchain
AI / Machine Learning
Payment Services Directive 2
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
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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/
Confidentiality Webinar - How to succeed in RPA13 August 26, 2016
Blockchain
AI / Machine Learning
Payment Services Directive 2
PEPPOL
The themes for finance decision makers
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PSD2: Payment Services Directive 2In 2018 banks to grant API accesses for 3rd party providers
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AISP: Account Information Service ProviderAPI
API API API
Current individual connections
Bank 1 Bank 2 Bank 3
Company A
Confidentiality Webinar - How to succeed in RPA15 August 26, 2016
Blockchain
AI / Machine Learning
Payment Services Directive 2
PEPPOL
The themes for finance decision makers
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PEPPOL network
PEPPOL: Pan-European Public Procurement Online
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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
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Confidentiality Webinar - How to succeed in RPA18 August 26, 2016
P2P?
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Finance 4.0: the disruptions in Purchase-to-Pay?
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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
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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
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Thank you!