News
Interoperability agreement provides a boost to e-invoicing

Thursday 10th January, 2013

In his latest blog, Gary Benson reports that the European e-Invoicing Service Providers’ Association (EESPA) has taken a "significant step" towards achieving one of its founding aims - interoperability between suppliers. Currently a hot topic across the industry, interoperability is seen as a key driver to accelerating e-invoicing adoption across Europe. Just over a year since it formed, the association members, chaired by Esa Tihilä have launched the Model Interoperability Agreement (MIA).

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EU organised crime nets 1.5 billion euros a year in payment card fraud

Wednesday 9th January, 2013

According to a new Europol report, payment card fraud in Europe is pulling in around 1.5 billion euros a year for the organised crime groups involved.

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Kofax's latest launch puts control back into hands of AP

Tuesday 8th January, 2013

Kofax has announced the launch of Kofax MarkView for Accounts Payable 8.0, a fully secure mobile solution for the automated capture and processing of accounts payable (AP) information. Kofax MarkView 8.0 aims to significantly accelerate processes and optimise cash management by enabling customers to use the cameras in mobile devices such as smart phones and tablets to capture, view, manage and approve information from receipts and invoices from anywhere, at any time. Although mobile capture in AP is still something of an add-on to existing processes - it can be a useful tool in the box for organisations looking to maximise efficiency and combat error and fraud - particularly in the realms of T&E.

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GT Nexus and TradeCard announce merger

Monday 7th January, 2013

GT Nexus and TradeCard have announced their plans to join forces. The companies are leaders and pioneers in cloud-based technology platforms that link companies together in commerce networks. Both provide advanced business collaboration networks to better manage physical and financial supply chain processes.

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Government calls time on late payments

Monday 7th January, 2013

The Government has called time on the escalating problem of late payments to SMEs by warning all FTSE 350 companies that they have one month to sign up to the Prompt Payment Code or face being named and shamed. Since the start of the recession, the situation has gone from bad to worse, with some companies like Sainsbury's facing critisism by increasing their payment terms - in their case from 30 to 75 days. Others have increased theirs by considerably more.

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