ProcurementExpress.com Logo
Start Free Trial
ProcurementExpress.com Logo
Book a Demo
April 29, 2022

April Procurement News Round Up

Gross Profit Podcast
The Gross Profit Podcast
April Procurement News Round Up
Loading
/
Download File
Play in new window
  • 15:15
  • 2022-04-29
Subscribe on

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

Niall White – $10B in Deals: Post-Acquisition Reality Check

In this episode, James Kennedy sits down with Niall White, corporate finance expert and founder at Capstack, to unpack what really determines success after the deal closes. Drawing on a career spanning BDO (Dublin & London), Barclays Capital (funding marquee PE buyouts), and in-house M&A at an Irish PLC, Niall explains why most value is won – or lost – during integration, not at the signing ceremony. They cover how to prepare a founder-led company for sale, structure earn-outs that actually work, and the people/controls you must have in place before, during, and after a transaction.

Listen Now »
Merushka Chetty

Paul Maskill – How to Get 50% Equity in a Business Without Investing

In this episode, James Kennedy sits down with Paul Maskill, the “Blue-Collar CFO,” to unpack how service pros and trades owners can turn a time-for-money job into a sellable, scalable company. From pricing that actually funds growth to partnering for equity, Paul shares the moves he used to grow and exit multiple local businesses (landscaping, electrical, kids’ sports programs) and why home-service companies win by doing “the boring stuff” brilliantly – answer fast, show up, keep promises.

Listen Now »
Merushka Chetty

Eric Segal – $30M Banking Crisis: SEC Investigation Story

James Kennedy sits down with Eric Segal, Managing Director at CFO Consulting Partners, to unpack what community banks and fintechs really need from a CFO team. From Eric’s early days rating institutions during the S&L crisis at Moody’s to treasury and CFO roles at American Express, and finally a high-stakes turnaround as interim CFO for a stressed community bank in 2008–09, this episode explores asset-quality shocks, SEC/OCC scrutiny, restatements, and how to run multiple regulatory workstreams without losing the plot. You’ll also hear how to evaluate a CFO firm for industry fit – and why there’s still plenty of “alpha” hiding in management quality and front-line execution.

Listen Now »