Thursday 25th April, 2013

Billentis e-business analyst Bruno Koch, has exposed the full extent of savings that public sector bodies and other large enterprises could be saving by eliminating paper in their supplier relationships. In the report, ‘The catalyst for AR/AP automation’, Bruno goes into detail about specific regional savings, using real world examples to predict the full potential of this area.

Wednesday 24th April, 2013

Nationwide Building Society, one of the biggest in the UK with about four million customers, experienced technical issues with its banking services yesterday. Customers were left unable to use online and mobile banking services, stopping them from making essential everyday banking transactions. The problem was solved by late afternoon after being down since the morning.

Tuesday 23rd April, 2013

In further proof of the strength of Basware's proposition and penetration across the Benelux region, the company has announced that it's signed an e-invoicing service agreement with a major energy retail company in Belgium, Netherlands, Luxembourg and France. The services include a solution for both sending e-invoices and e-archive. The value of the deal exceeds EUR 650,000 over the next three years.

Monday 22 April, 2013

Rotherham Metropolitan Borough Council (MBC) has invested in a portfolio of software solutions from Advanced Business Solutions (Advanced) to help exceed its current £3 million procurement savings target. Advanced’s data capture and spend analytics solutions aim to help the council meet its 10 and 30 day supplier payment targets. The solutions will go live in a phased approach between April and July 2013.

Friday 19th April, 2013

The Forum of Private Business has accused Selfridges of putting its suppliers between a rock and a hard place by forcing them to accept a settlement discount of at least 3% in return for paying invoices within 60 days. The retailer had previously had payment terms of around 75 days. Suppliers were also given the option of a sliding scale of early settlement discounts depending on when they opted to have the account settled - 5% within 21 days and 4% within 30 days.