Neil Robertson Mar 23, 2022 11:06:46 AM 6 min read

How to thrive among a flock of black swan events

Black Swan events are supposed to be rare – a once in a decade trauma that provides breathing space to recover & reset prior to the next one.

Yet here we are, still resolving the financial & logistical challenges of Brexit, trying to return to “normal” from Covid & now facing raging inflation, increasing interest rates, hiked personal & corporate NI costs, whilst the tragedy in Ukraine delivers yet more uncertainty.

It is no wonder that all of our focus in late 2021 following COP26 to deliver improved corporate sustainability seems to have been placed on the back-burner – despite this potentially being the greatest threat of all, defining the health of the planet that our children & our children’s children will inherit from us.

Bottom line: the overheads of doing business are rapidly increasing, eroding both profitability & cashflow for every business, irrespective of size & as a result, we are asleep at the wheel of sustainability.

Buy smarter, more effectively & more sustainably

Did you know that most businesses are paying a premium price of between 10% - 32% for the majority of your “indirect” spend – the stuff you buy that is non-strategic & “too small” in value to get onto your radar. (See above).

Did you know that for most businesses, between 60% - 95% of your total corporate carbon footprint is directly inherited from your suppliers?

Did you know that by making these savings on costs, whilst systematically reducing your carbon footprint will also deliver up to 95% productivity gains to everyone in the business involved in the purchasing process?

Have you considered that by simply automating the way you buy the stuff (that, in the big picture, does not really matter), it will deliver a rock-solid foundation to drive savings, productivity, & sustainability across your entire organization over time?

Amazon Business

Compleat partnered with Amazon Business to make it incredibly simple for businesses to buy from them for three reasons:

  • The detailed review of 5 of our customers spend highlighted that on average, they would save 32% on their purchases over the incumbent supplier. By simply buying from Amazon Business (Read the report here)
  • The ability to enable the entire organization to buy direct from the Amazon Business website, whilst providing 100% visibility & control over each purchase before the order is placed & saving up to 95% of the time required to diligently account for it. (Find out more about Compleat & Amazon's work together)
  • Amazon Business has one of the lowest “Carbon Emission Ratio’s” of all suppliers, which means that you reduce the carbon your business inherits from your purchases & take the first step to delivering a corporate wide strategic sustainability strategy. (Learn about Amazon's Carbon Emission Ratio)

Rabbit in the Headlights

In times of great uncertainty, the temptation has always been to batten down the hatches & weather the storm with the confidence of better times ahead.

Given the recent succession of “Black Swan” events & the expectation that cost inflation is inevitable for some considerable time to come, the question becomes whether you take a strategic step forward to survive & prosper within the new world order – or do nothing?

Building a better & brighter future

It is a given that our organizations will still be predominately measured on the profits & increasing value we return to our shareholders.

But achieving this by selling more is no longer the only metric that matters.

At Compleat, our goal is to enable every business to address the current challenges of today whilst building a better business & a brighter future & making it both easy & affordable to do so.

To find out more about Compleat purchasing & accounts payable automation, integrated online buying from every supplier website, how we use big data to reduce your costs & our new Carbon Emission reporting to enable you to systematically reduce your corporate carbon footprint - click here!

Take a look & then join us in making a difference.

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Neil Robertson

Neil has a 39-year track record of building successful direct and channel global software businesses predominately in the financial software market place. Neil Robertson is Executive Chairman of Compleat Software. A 39-year veteran of the financial software marketplace, Neil has a long track record of building disruptive start-ups into successful businesses, including his time as CEO EMEA of Great Plains where he built the business outside of the USA from 1995 - 2001. Compleat is no exception and perhaps the most disruptive of them all.
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