Friday 3rd May, 2013

A growing number of public sector organisations are investigating the use of shared services in a bid to save millions of pounds per year, without any corresponding damage to frontline services. A new white paper, Six Approaches to Successful Shared Services, commissioned by Advanced Business Solutions (Advanced) looks at six proven approaches to sharing services - depending on how ambitious the parties involved want to be. Options range from shared software and underlying IT systems, to contracts and framework agreements, management, operations and transaction processing.

Thursday 2nd May, 2013

According to The Ernst & Young ITEM Club outlook for financial services, Bank lending to business in the UK will go up for the first time in four years.

The Item Club revealed that lending to corporates shrank by 5% last year, hitting the lowest level since 2006, but the outlook for lending this year is gradually improving, as the corporate risk appetite starts to recover. It also predicts lending is expected to grow by 3% to £440b in 2013 and by 8.5% to £477b in 2014.

Wednesday 30th April, 2013

A survey by the Irish Business and Employers Confederation (IBEC), reveals how prepared Irish Businesses are for the SEPA deadline. The research found 42% of companies have not started preparing for SEPA, which comes into effect on 1 February 2014, and half are not aware of the impact SEPA will have.

Tuesday 30th April, 2013

Basware has reported record growth, with over 50 million e-invoice and e-order transactions sent and received across its business commerce network. Basware reports that customers commit to using their solutions because they enable easy connectivity to the network for companies of all sizes from any location. The company comments that this milestone has seen $420 billion spent annually on the Basware Commerce Network and over 900,000 active buyers and suppliers trading across over 100 countries.

Monday 29th April, 2013

A report by Dun & Bradstreet (D&B) has revealed that the average time taken by British businesses to pay bills has improved by two days throughout 2012 to an average of fifteen-days late against agreed payment terms. British Businesses have been steadily paying bills later in recent years, from thirteen days late in 2006, peaking at seventeen days in 2011. The results suggest many businesses have adapted to operating in today’s sluggish economy and are managing their cash flow more confidently.