Wednesday 25th September, 2013

According to Ernst & Young annual fraud report employees feeling the double pinch of increased demands and fewer financial benefits are more likely to respond by doing anything from fudging the numbers to bribing officials and clients. It also revealed that one in five respondents have seen financial manipulation occurring in their companies.

Tuesday 24th September, 2013

According to a recent survey by Gartner, big data investments in 2013 continue to rise, with 64 percent of organisations investing, or planning to invest in big data technology compared with 58 percent in 2012. However, less than eight percent of survey respondents have actually deployed. The survey features input from 720 Gartner Research Circle members worldwide.

Monday 23rd September, 2013

It seems that hardly a day can go by without the announcement of a new strategic partnership in the industry. And lately, many of these have been based around the same premise - supply chain finance. In itself, that's no surprise as the industry catches up with a gap which has been growing in the market for some time. As the economy has struggled and flatlined, banks have become increasingly reluctant to lend, leaving businesses at risk from stagnant cashflow. Nature hates a vacuum - and today Basware has announced a new and important partnership with MasterCard aimed at going some way to filling it. The partnership has created a revolutionary electronic payment solution that ensures suppliers are paid fast upon invoice approval, while extending payment terms for buyers.

Friday 20th September, 2013

Global non-cash payments volumes are expected to top 333 billion transactions, according to the World Payments Report 2013 by Capgemini and RBS. The report shows that Central Europe, the Middle East, Africa (CEMEA) and Emerging Asia are leading the charge with growth in transaction volumes of more than 20 percent, while Latin America recorded growth (14.4 percent).

Thursday 19th September, 2013

Imperial College London has recognised the importance and impact of einvoicing to bottomline results, and have renewed their contract with OB10 for a further three years. The University already converts about 70% of their invoices to electronic with OB10 and has a 95% straight-through processing rate. To help achieve 100% e-Invoicing, suppliers can now turn purchase orders into invoices through OB10’s PO Convert service.