As corporates face new and continual challenges due to the sluggish global economy, their banking needs are evolving – and so are their expectations as to what banks should deliver in order to support their business. Much of this expectation is also driven by rapid technological innovation.

 Thursday 9th May, 2013

At an announcement made this week at AribaLIVE, Ariba and Discover Financial Services unveiled the arrival of Ariba Pay, a new service that is expected to transform B2B payments by eliminating paper transactions, providing better visibility into cash flow and producing rich remittance information that improves reconciliation processes for buyers and sellers.

Wednesday 8th May, 2013

Basware has launched its new advanced reporting suite, Basware Analytics. Offering sophisticated data visualisation, it will help empower employees across the business to improve cost management. Financial leaders need an accurate picture of financial performance and the only way to really achieve this is to combine transactional data across invoicing, procurement, accounts payable and their trade network. The company states that Basware Analytics is unique in its ability to provide deep analysis and insight across the vast range of Purchase-to-Pay (P2P) information to help businesses make smarter decisions.

Tuesday 7th May, 2013

Management consultancy, Effico say that procurement professionals need to work more closely with their finance colleagues. Too often procurement fails to show how the savings they claim correspond to real financial benefits. In the latest Efficio Viewpoint article Show me the money! Principal Ian Bolger says procurement professionals need to provide evidence that they are able to cut costs on behalf of their organisations.

Tuesday 7th May, 2013

Britain's third largest supermarket group, J Sainsbury has confirmed that it is in advanced talks with Lloyds Banking Group to secure full ownership of Sainsbury's Joint Bank Venture. The statement was prompted by media speculation over the weekend that Sainsbury's was on the verge of buying out Lloyds' 50 percent stake in the bank.