When will the trade finance world see the future? [Opinion]

When will the trade finance world see the future? [Opinion]

December 11, 2014  |  Adoption, Electronic Invoicing, Financial software, Payment, Supply Chain Finance  |  Comments Off

Companies are moving into open account trade relations. Banks' role is limited to money transfer and fees made, in letter of credit methods are now gone. Apparently with the Bank Payments Obligation, SWIFT has once again thought to have found a cure (after its failed TSU product) to recapture the dying trade income.

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LV= selects Orbit UK for major EDI managed service

November 27, 2014  |  E-procurement, Electronic Invoicing, Financial software, Payment  |  Comments Off

Orbit UK is a leading provider of B2B EDI solutions for the insurance sector and won a significant multi-year contract from LV= to provide a fully managed EDI solution. LV= uses EDI to exchange time and business critical insurance policies and other documents between itself and its broker partners.

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Basware first to connect to Belgian public e-invoicing platform Mercurius

Basware first to connect to Belgian public e-invoicing platform Mercurius

September 19, 2014  |  Electronic Invoicing, Financial software, Government  |  Comments Off

Basware is the first e-invoicing service provider that has a made a connection with the new Belgian B2G e-invoicing platform, called Mercurius. And not long ago, Electrabel was the first to send an advanced structured e-invoice (compared to PDF) to the Belgian government via the Mercurius platform.

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A new rising trend in Turkey: the mandatory e-ledger (e-accounting)

September 15, 2014  |  Asia, Compliance, Electronic Invoicing, Financial software, Government  |  Comments Off

The Turkey’s taxing authority Turkish Revenue Administration (TRA) announced it is mandatory that all e-invoice taxpayers have to apply for the E-ledger system at the TRA before December 2014. The companies who have to use E-ledger system must keep their Journals and general ledger are included to the scope of this service.

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Supply chain finance finally takes hold in Latin America

In the past, Supply Chain Finance hasn't taken off with much success in Latin America. However as banks better understand the supply chain relationship between buyers and suppliers, much has changed in the past decade or so. But there are more reasons why SCF is now finally taking hold in LATAM.

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Corcentric to Host New Webinar: the Next Step to AP Automation Success

Corcentric is the host of a new series of monthly webinar designed for AP professionals who have started automating their departments or are considering doing so. The latest Webinar, “Automated AP Workflow: The Next Step in Accounts Payable Success,” will take place on Wednesday, June 18, 2014 at 2:00 PM ET/11:00 AM PT.

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Van der Valk starts with e-invoicing using Anachron’s InvoicePortal

June 10, 2014  |  Adoption, Electronic Invoicing, Financial software  |  Comments Off

Van der Valk is keen to deliver its (B2B) invoices in whatever way and format the customers wish to receive them. To do so, a connection has been made to iTesso’s hotel management system called Hotel Concepts IDPMS.
Using all the booking information as well as the financial details of the guests in Hotel Concepts IDPMS (used by all 32 hotels), all business customers are presented their e-invoice in the InvoicePortal.

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20/20 vision Software achieves a Microsoft Gold Application Competency

20/20 vision Software is proud to announce it has attained a Gold Application competency as a Microsoft Partner. 20/20 vision Software has demonstrated a “best-in-class” ability and commitment to meet Microsoft Corp. customers’ evolving needs in today’s dynamic business environment and distinguishing itself within the top one percent of Microsoft’s partner ecosystem.

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Corcentric to host COR360 Product Demo: A Day in the Life of an Invoice

Corcentric will be hosting a free 60-minute educational Webinar for AP professionals that tracks the path an invoice travels as it goes through the COR360 AP automation solution. The Webinar, “COR360 Product Demo: A Day in the Life of an Invoice,” will be hosted by Rob DeVincent, Corcentric’s Vice President of Product Marketing, and will take place on Thursday, May 15, 2014 at 2:00 PM ET/11:00 AM PT.

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Corcentric to implement COR360 into Moran Towing Corporation’s AP department

April 1, 2014  |  Financial software, Invoice Automation, North America  |  Comments Off

The integration of COR360 into Moran’s Accounts Payable processes will help the company bridge the last automation gap related to their invoice workflow. As part of the solution, Moran will be using the COR360 platform to streamline the invoice approval workflow for faster processing and to reduce costs associated with manual processing.
Additionally, with COR360’s automated processes in place, Moran will be able to process a higher volume of invoices and at a faster speed with increased accuracy.

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