Companies failing to detect financial fraud in their supply chains

Thursday 17th April, 2014

According to a new study by Deloitte Consulting LLP, a surprising number of business executives are leaving their supply chains vulnerable to financial fraud, writes Forbes.

Polling more than 2,600 executives, the study found that fewer than a third of respondents were deploying the kind of data-analytics tools that can detect fraud or waste by vendors. Another 13% had the necessary tools but were still learning to use them, while 22% had no data analytics of any kind.

Upbeat assessment for Indian outsourcing sector

Wednesday 16th April, 2014

According to a report in the FT today,  Tata Consultancy Services have delivered an upbeat assessment of rising global demand for India’s IT outsourcing sector year, as the nation's largest software company by revenues unveiled fourth-quarter results largely in line with expectations.

Serco selects Agresso ERP for Lincolnshire BPO project

Tuesday 15th April, 2104

Serco has purchased the UNIT4 Agresso Local Government ERP Platform to underpin business services at Lincolnshire County Council, this comes after Serco was recently awarded the five year business process outsourcing deal.

Four of UK’s top logistics companies save with e-invoicing

Monday 14th April, 2014

Four of the UK’s top eight temperature controlled logistics businesses are achieving savings using an e-invoicing service by Atlas Products.

In the past 12 months Atlas has electronically processed almost a quarter of a million invoices for these companies, NFT, Culina Logistics, Yearsley Logistics and Grocontinental.

The Co-op Bank expects years in the red

Friday 11th April, 2014

The Telegraph has reported that the Co-op Bank has confirmed it made a loss of £1.3bn last year and will remain loss-making for the next two years as the troubled lender published its twice delayed annual results.

The lender said it had begun talks on a £400m fund raising and warned that without the new money it would be in breach of its minimum capital requirement.

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