Oldham Borough Council has announced its aims to make large savings by paying suppliers early in return for a cash rebate. The local authority has been trialling an ‘Early Payment Programme’ by Oxygen Finance since June 2012 and the council expects to save £2m over a four year period.
Tradeshift’s founder and CEO, Christian Lanng reports on a new partnership with Verbella CMG, an SAP content management consultancy.
Christian Lanng says: "As the range of enormous enterprises joining Tradeshift continues to expand, we’re partnering with more and more companies that want to build connectors and apps with our open platform."
e-invoicing network providers, OB10 have announced a strategic partnership with Infosys BPO. Companies which have already taken advantage of the cost savings usually associated with business process outsourcing are increasingly looking to technology - and automation specifically - to help them deliver the next wave of value.
Key controls for “detection of suspicious trading activity” failed at an India outsourcing unit, contributing to $ 2.3-billion loss caused by a rogue trader of global banking giant UBS, a joint probe by British and Swiss regulators has found. Read More
More and more UK businesses are turning to invoice factoring as a tool to improve their cash-flow. However, cheap deals aren't always the best deals, it's important that before anything is signed you have read and understood the small print. Something that is often overlooked and before they know it - many businesses are tied into a contract that was not as it had seemed. One of the ways around that is to use a broker who is fully experienced in the business and able to explain it to their client as well as answering honestly any queries or uncertainties they may have.
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