EDICOM is one of the latest providers to guarantee the free exchange of electronic invoices, by signing an interoperability agreement reached between the sector’s main providers of B2B solutions in France and Europe. Accelya has also signed the agreement during October.
Crossflow Payments, a leading supply chain finance provider, has announced that Tony Pinn has joined the company to take up a Director position. Crossflow Payments has recently launched its industry-first peer-to-peer (P2P) invoice financing service, which supports SME cash flow issues in supply chains and offers finance providers a low risk, high yield investment option.
The world's first Bitcoin ATM machine is due to go live at a coffee house in Canada today. The three business partners who own the shop have bought the machine for more than $90,000, in another sign that the digital currency is set to become more mainstream.
With less that 100 days left until the SEPA migration deadline, the changeover process is now entering a critical phase, according to the latest report by the European Central Bank (ECB). The information compiled by the ECB and the euro area national central banks show that many key stakeholders have decided to migrate only in the last quarter of 2013, or even later. This approach generates operational risks and limits the ability to tackle any issues or unexpected developments that might arise during the changeover period.
As reported in Supply Management, The Gartner Supply Chain Top 25 has Unilever achieving first place in Europe and Apple coming top worldwide. Interestingly in the same week, Unilever issued a profit warning because of a slowdown in sales in emerging markets that sent its share price sharply downwards. This was largely due to currency swings, which have undermined the competitiveness of their products in important new markets. At a first glance, these two pieces of news seem contradictory, but on closer inspection that might not be the case. The key question is how the Gartner report measures what makes a best in class supply chain.
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