April 29, 2022

April Procurement News Round Up

Gross Profit Podcast
The Gross Profit Podcast
April Procurement News Round Up
Loading
/

Show Notes

In this episode of Procurement Express Monthly, Kala Dikibo and a member of Procurement Express’ very own Customer Success Team, JP, go over the latest news in the world of procurement, as well as an important product update to the Procurement Express platform. 

The main points covered in this episode are:

  • The knock-on effect of forced labour: Kala Dikibo shares the recent announcement by Ferrero that they would be ceasing to source palm oil from Sime Darby due to allegations of forced labour in their supply chain. He also talks about the problems that this sort of situation can bring to a company.
  • The impact of bribery and the importance of ethical training in the workplace: Kala and JP discuss the problem of corruption for organizations in light of the sentencing of a former Coca-Cola electrical and automation manager for a £1.5million procurement scam.
  • Invoices moved from attachments to uploads: Kala and JP break down the recent change in the way that invoices are handled within the platform, and why that’s important.

In addition, JP speaks about his role and history within Procurement Express and also delineates just how exactly this latest change benefits clients and vendors. Look forward to hearing more from him on a quarterly basis as he shares with us the latest updates for Procurement Express.

This podcast is tagged under:

The Gross Profit Podcast

More Episodes

Merushka Chetty

Elliott Gaspar – UK’s Secret Weapon Against Silicon Valley

In this episode, James Kennedy sits down with Elliott Gaspar, UK-based Fractional CFO and founder of a fast-growing finance practice, to unpack how the UK’s unique tax-advantaged investment schemes (SEIS/EIS) can accelerate early-stage growth – and how easily founders can lose their eligibility without realizing it.

Drawing on a career that started in Oxford University finance, scaled through private-equity-backed energy infrastructure, and evolved into advising high-growth, asset-heavy startups, Elliott explains why CFOs must be storytellers, how to build investor-ready financial models, and why UK entrepreneurs still underestimate the power of compliance-driven incentives.

They also explore:
– Why the UK remains one of the world’s best places to raise capital
– How founders accidentally invalidate SEIS/EIS (and how to avoid it)
– When asset-heavy roll-ups can unlock better financing
– The role of the Fractional CFO community in raising standards

Listen Now »
Merushka Chetty

Chris Gwinn – CFO Adds $1M EBITDA Without Timesheets

In this episode, James Kennedy sits down with Chris Gwinn, CFA and founder of Midwest CFO, to unpack how a fractional CFO helped a $7.5M digital agency boost gross margins from 26% to 48% and add $1M in EBITDA – without forcing creatives into traditional timesheets. Chris shares why he exited a successful process-improvement consultancy to build a more recurring, finance-driven practice, how he uses podcasts as a growth engine, and the simple pricing and cost-allocation shifts any B2B services firm can use to increase valuation.

Listen Now »
Merushka Chetty

Carolina Aponte – Venezuelan Immigrant’s Rise to Top CFO Success

In this episode, James Kennedy sits down with Carolina Aponte – fractional CFO, founder, and co-host of the Breaking Even Better podcast – to trace her journey from teen tour guide in Venezuela to award-winning North Carolina business owner. Carolina shares how she arrived in the U.S. at 20 without a high school diploma, juggled three jobs to survive, and used night classes plus on-the-job learning to climb from receptionist to controller and ultimately firm owner.

They unpack what a great controller actually does, how finance leaders can influence (but not control!) CEOs, and why relationships, resilience, and “improv” are just as important as debits and credits. Carolina also talks about helping more than 10 clients break the $1M revenue barrier and how her team-based model delivers 90%+ client retention.

Listen Now »