Wednesday 11th September, 2013

The Bank of England is considering moving away from the traditional production of money to producing new bank notes on polymer (synthetic plastics) rather than the cotton paper as at present. A decision is expected as early as December this year.

Tuesday 10th September, 2013

In the latest shift in the supply chain finance industry, Tradeshift have announced a new deal with CapitalAid to launch a $3bn factoring business in a bid to ease lending to cash strapped SMEs. The deal follows hot on the heels of the announcement only last week of OB10's move within the market and their takeover by Tungsden.

Monday 9th September, 2013

Marks & Spencer will be extending the time it takes to pay its general merchandise suppliers to help increase the company’s cash flow, after suffering eight consecutive quarters of declining underlying sales in its general merchandise division - consisting of clothing, footwear and homewares. The company has pinned its hopes for a revival on new autumn/winter ranges which hit stores in July.

Friday 6th September, 2013

Basware, has partnered with CEDEX e-Autohub, a Chinese supplier network, to connect automotive manufacturers in Europe and North America with suppliers in China. With this partnership, the Basware Commerce Network and the Chinese automotive network have combined to drive the exchange of electronic invoices in the automotive industry. The agreement will simplify purchasing, accounts payable and invoicing processes to deliver better control, efficiency and cash flows.

Thursday 5th September, 2013

In a conversation I had with Luke McKeever, CEO OB10 earlier this year I questioned him about the future of e-invoicing and how the deep benefits it can provide to organisations globally could shape or drive our relationships with the banks in the future. And it would seem that that future is already upon us with the news yesterday that Tungsten Corporation PLC, founded last year by Edmund Truell (founder of private equity house Duke Street Capital) is set to aquire OB10 for £99m.