Scandals such as the Panama Papers, Unaoil, and VimpelCom not only highlight the absolute need for robust customer due diligence (CDD), but have spurred the regulatory momentum for enhanced ownership disclosure and transparency. Failure to comply with the new, stricter regime carries significant reputational and financial risk for both corporations and individuals.

But while the penalties are clearly identifiable, peeling back the complex legal structures designed to conceal Ultimate Beneficial Ownership (UBO) represents a significant challe ...

As global enterprises continue to face increasing complexity and market volatility, procurement professionals are turning to data-driven analytics and insights to help manage uncertainty, gain a better understanding of suppliers and third parties, and fuel growth. They need faster access to more intelligence to understand what they’re buying, so they can maximize cost savings and reduce their risk. The speed, accuracy, and scope of spending analyses are critical to managing the business and spurring growth. To do so, Chief Procurement Officers ...

While having control over costs, cash flow, and compliance is important for businesses during typical times, it’s even more critical when trying to maintain business continuity during challenging periods. But is the idea of “typical” times, in fact, outdated? In today’s global business world, challenges abound and circumstances can change quickly.

Reacting to such challenges, while keeping the business running smoothly, requires organisation-wide agility, flexibility, and collaboration. Employees must be willing and able to shift gears to ac ...

Senior executives worldwide face a starkly different economic climate entering Q4 of 2020 than they and their teams originally anticipated. The personal toll of the COVID-19 pandemic has been tragic, and its economic impact far-reaching. Global executives are presently working through what recovery will look like, determining how to evolve their organizations to meet newly urgent strategic priorities, such as supporting the health and safety of their employees, even as they remain focused on the fundamentals, such as a return to serving custome ...

None of us will forget 2020. It’s been a year of uncertainty and difficult change. But change always brings new opportunities, and business spend management is no exception. Now is the time to restart and reinvent, to be better equipped to tackle what comes next. Through optimised end-to-end spend management processes, your business can achieve the agility, transparency, employee satisfaction you need to take your business forward and meet your duty-of-care obligations.

The time for the perfect ReStart is NOW. Lead the way and prepare for wh ...