Wednesday 16th July, 2014

Top Image Systems has completed their acquisition of eGistics in a transaction valued at $18 million, the purchase price was made up of 50% in cash and 50% in TIS shares.

Tuesday 15th July, 2014

Businesses across Europe can achieve a 60 to 80 per cent cost saving by adopting e-invoicing, compared to traditional paper-based processes, reveals a new report by Ricoh Europe. Published by Billentis, the report highlights how the typical payback period from the point of implementation is between six to 18 months.

Monday 14th July, 2014

On 10th July 2014, the European Payments Council (EPC) published ‘Guidance on Reason Codes for SDD R-transactions’ document.

One of the main benefits of the SEPA Direct Debit (SDD) Scheme is that it manages streamline exception handling, both at the process level and the dataset level. This allows straight-through-processing and automated exception handling end-to-end. Possible exceptions to the normal execution of a direct debit collection include refunds, returns, rejects, refusals and reversals (commonly referenced as ‘R-transactions’ and described in detail in the SDD Rulebooks).

Friday 11th July, 2014

A partner at an accountancy firm with branches in Suffolk and Norfolk has admitted fraud involving £24,000. Mr Clarke blamed his actions on financial pressures and pointed to debts amounting to £30,000.

Thursday 10th July, 2014

The Ocean Freight Industry EIPP Standards Advisory Board (SAB), an independent organisation of ocean industry executives from around the world, has created standards guidelines to drive greater efficiency, reduce costs and simplify processes in Electronic Invoice Presentment and Payment (EIPP).