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PAYMENTS

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AR Accounts Receivable Hitting the Global Goal for AR Technology

For multinational companies, the ability to implement and use one technology across all their offices is vital – standardised processes save time, money and effort. However, finding a global solution is not always straightforward. Find out how Trek Bicycle successfully implemented a collections management solution specifically designed to standardise global operations.

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Fraud Accounts Payable Man Caught Making £2.9m Fake Payments from Employer Jailed

The UK City of London has jailed a man after he created two fake payments worth £2.9m, from his employer to HMRC, and then diverted the funds to himself.

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Payments P2P Automation AvidXchange set on growth with $260m in funding

The accounts payable and automated B2B payments company plans to use funds to grow its middle market footprint

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Payments Supply Chain Management Tradeshift secures up to $240m in funding

The supply chain finance company will use the money to boost its product line

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Payments Tradeshift Q3 results reveal 107% growth in revenues

he supply chain payments company expands its international footprint with numerous new offices across the Americas

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Payments Tradeshift and SiS-id join the fight against payment fraud with new app

Blockchain-based authentication platform promises tamper-proof identity validation that will reduce manual procurement staff checks by up to 80%

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Payments Automation Which Sex Is More Fraudulent: Men or Women?

One gender is almost three times as likely to commit expenses fraud. Read on to find out…

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Payments Automation Aegon cuts invoice processing time by 50%

Missed deadlines are a thing of the past for money manager Aegon after it overhauled its internal systems

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Payments GoCardless Raises $75 million in Funding

GoCardless, a UK payments startup, has raised $75 million in funding. The company plans to use the funding to expand globally and open new offices across Asia, Europe and North America.

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AR RPA Global Shared Services Mastering the Digital Transformation in AR and AP

To manage larger business volumes on a global scale and improve processes, many companies have created centralized business, moving AP and AR related activities into centralized business units, such as shared services centers.

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e-invoicing Payments Tradeshift Pilots Stablecoin with MakerDAO

Stablecoin startup MakerDAO has launched a pilot programme with Tradeshift aimed at speeding up payments for small businesses.

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Benchmarking/KPIs Payments Aspiration and Reality: The Striking Gap in Organizations’ Working Capital Initiatives

Why are businesses so poor at managing their cash? For the facts, as revealed by APEX Analytix’ regularly-published Financial Leaders’ Benchmarking Report, are undeniable

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Payments e-invoicing Verdane Capital Acquires Two Business Units from Basware Corporation

Verdane Capital is to acquire Basware Corporation’s Financial Performance Services (FPS) and Banking businesses. The two businesses had net sales of around €15million in 2017.

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Master Data Audit Recovery Guest Blog: Five ‘Quick-Win’ Missed Opportunities for Shared Services Centres

Many organisations are justifiably proud of their shared services centres. Compared to traditional approaches to organising and carrying out important back-office functions, the modern shared services centre is rightly regarded as a significant step forward.

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Reporting Payments The Duty to Report Payment Practices

In this white paper we explore what the payment practices reporting requirements are, what you need to prepare for, and the benefits of getting your payment practices in order, beyond just compliance.

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Payments First UK Payment Term Reports Due this October

The first report is due 30 days after the first half of the financial year. The report must include your standard payment terms, and the percentage of payments due within the reporting period not paid within agreed terms. There are also requirements to report whether suppliers are offered e-invoicing and your process for resolving payment disputes.

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Payments Supply Chain Management Aldi Reduces Payment Terms to 14 days for Small Suppliers

Aldi, the German retailer, is reducing the time it takes to pay its small suppliers to 14 days.

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AP Payments Duty on Large Companies to Report on Payment Practices and Policies

Regulations made under section 3 of the Small Business, Enterprise and Employment Act 2015 (and, for limited liability partnerships (LLPs), the Limited Liability Partnerships Act 2000), introduce a duty on the UK’s largest companies and LLPs to report on a half-yearly basis on their payment practices, policies and performance for financial years beginning on or after 6 April 2017.

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O2C Payments Dissecting the Disconnect: Why Suppliers Want ACH for Customer Payments but Still Accept Paper Checks

I don't consider myself a big science fiction cinema fan, but I do enjoy movies such as Star Trek and Star Wars.

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Payments GlobalOnePay and InvoiceASAP Set to Revolutionize Invoicing and Payments

GlobalOnePay, a division of Pivotal Payments, announced that it has partnered with InvoiceASAP, an integrated mobile and web invoicing platform.

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Payments Supply Chain Management Youredi and Elavon Freight Payments Partner to Support European-based Suppliers

Youredi, a provider of data integration and analytics solutions, has announced a partnership with Elavon Freight Payment, a European subsidiary of U.S. Bank.

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Payments Supply Chain Financing/Dynamic Discounting Methods for Predicting Which Suppliers Are Open to Taking Early Invoice Payment

For as long as there have been customer-supplier relationships, there have been late payments. The most important component of any operation is cash flow. With healthy cash flow comes working capital that allows the organization to invest, expand, manage payroll and more.

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e-invoicing Cloud Taulia’s Marketers Awarded for Revenue Growth of 630%

Taulia, a cloud-based invoice, payment and discount management solutions provider, has been awarded the Marketing Team of the Year, Commercial prize at 2017’s annual Revvie Awards.

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Payments e-invoicing Stop Throwing Away Your Money! How to Avoid Duplicate Payments Without Expensive Audits

The Institute of Internal Auditors has found that duplicate payments make up 0.5% of annual invoice payments. So if your organisation spends £50 million annually then it is likely you are losing £250,000 or more each year.

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P2P Process AP Four Differences Between E-Invoicing and Email PDFs

There are two schools of thought in the shared services world regarding how to define e-invoicing. The first school represents those that believe an electronic invoice is a structured data file, rather than an unstructured file. This structured data file is transmitted directly from the supplier’s system to the buyer’s system. During this transmission the data is never touched by a human, never printed, and never converted into an unstructured file.

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Payments AP Stop the Leaks: How to Maximize Credit Recovery and Drive Continuous Improvement

In this webinar, sharedserviceslink and JPD Financial presented innovative ways to maximize your credit recoveries. 

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Payments P2P Process The Payment Terms Gamble: What you should start thinking about now

Payment terms practices are now in the headlines and on the radar of governments, globally. The media are naming and shaming companies with long payment terms and there are initiatives from the White House, Downing Street and the Hague pressuring firms to follow payment terms practices that are fair for suppliers. Watch this webinar on what you need to know about this important issue.

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Payments AP 6 Must-Dos to Ensure You Have a ‘Get SEPA-Ready Plan’

In this educational and useful webinar, we examine what the deadline means to you, your payments, your shared services, your systems, your suppliers and customers and your data.

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P2P Process Process Excellence/Compliance The AstraZeneca Exclusive - The Secret to Securing 94% Payment on Time And Still Optimise Working Capital

In this truly excellent webinar, pharmaceuticals giant AstraZeneca share how they have applied certain tools within their purchase to pay process to ensure that 94% of their transactions are paid on time.

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e-Billing Payments Top US Banks Invest $30m in Payments Software Company Transactis

Five large U.S. commercial banks— Capital One, Fifth Third, PNC, TD, and Wells Fargo — have announced their investment of $30 million in Transactis, a provider of electronic billing and payment solutions.

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Payments Automation Tipalti Appoints New Chief Revenue Officer

Tipalti, a supplier payments automation platform provider, has announced the appointment of Steve Sovik as Chief Revenue Officer.

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Payments Ixaris Receives $6m Funding for Dedicated Tech Company to Support Payment Platform

Ixaris, a provider of payment platforms, has announced it is separating its payments technology arm, Ixaris Technologies, to create a fully dedicated tech subsidiary to support its open payments platform offering.

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P2P Process Payments Chapter 4: John Bruggeman, CEO, Traxpay, Examines: Why Dynamic Payments Needs to Feature in Your Purchase to Pay Thinking?

In our final chapter, John Bruggeman, CEO, Traxpay reveals how Dynamic Payments should sit in your over all purchase to pay thinking, and what the tangible benefits are for enterprises implementing Dynamic Payments.

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P2P Process Payments Chapter 3: John Bruggeman, CEO, Traxpay, Examines: Dynamic Payments and Why E-Invoicing Has a Responsibility?

In this session, John Bruggeman, CEO, Traxpay, explains the detail of Dynamic Payments and justifies why the e-invoicing networks are excellently positioned to offer this to their buyer customers.

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P2P Process Payments Chapter 2: John Bruggeman, CEO, Traxpay, Examines: The Missing Gem in Purchase to Pay

In this second chapter, 'big thinker' John Bruggeman, looks at how buyers and suppliers have been dealing with the 'last mile' in purchase to pay - and why only now there is momentum for change.

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P2P Process Payments Chapter 1: John Bruggeman, CEO, Traxpay, Examines: What's Next for e-Invoicing Networks?

John Bruggeman is an evangelist for improvement within the purchase to pay process. Over the next month, he will be examining the single area that enterprises and technology providers are over-looking... at their cost