Thursday 29th May, 2014

In a new study published by Billentis - in comparison with paper-based processes, electronic invoicing makes it possible to reduce costs by 50-80%. The report makes that point that in many cases, the ROI can be gained back within 6 months.

In fact, many companies are already using electronic processes. In 2014 around 40 billion bills/invoices are likely to be sent and archived paper-free.

Wednesday 28th May, 2014

Top Image Systems and Taulia have announced a worldwide strategic partnership outlining that both companies will resell each other's financial process improvement solutions to each company's respective installed base, as well as to new customers.

Tuesday 27th May, 2014

Mediolanum, a leading European financial services provider of life insurance, asset management and fund services, has deployed SoftCo’s P2P Cloud platform for its Irish Operations based in Dublin.

The platform is used to automate the company's purchase-to-payment cycle, removing unproductive manual invoice processing tasks and delivering increased efficiencies across the finance department.

Thursday 22nd May, 2014

Mars UK, the producer of some of the UK's best-known confectionary brands has doubled its payment terms from 60 to 120 days according to the Forum of Private Business (FPB). Although suppliers are being offered the option of being paid a reduced amount within 10 days as part of a supply chain finance scheme, the Forum said that Mars UK could be placed in its late payment 'hall of shame'.