Archive for Financial software

Whitworths moves to Wesupply's OneTime managed EDI service

Whitworths moves to Wesupply’s OneTime managed EDI service

Whitworths made the decision to change EDI providers when it became clear that integrating its incumbent EDI solution with its new ERP system would be costly and require considerable internal resource.

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USA comes with ‘Comply or Explain’: the next step before mandatory use of their Invoice Processing Platform

USA comes with ‘Comply or Explain’: the next step before mandatory use of their Invoice Processing Platform

The US Office of Management and Budget is developing new guidance that would strongly encourage agencies to use only the Invoice Processing Platform (IPP) for electronic transactions.
The US Office of Management and Budget (OMB) is circulating a ‘Comply or Explain’ draft memo that wouldn't quite mandate the use of the IPP, but it would require agencies to justify why they wouldn't use the IPP. Federal CFOs currently are commenting on the draft guidance.

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Medius sells its ERP consulting business focuses on cloud-based AP invoice automation

Medius is selling its Microsoft Dynamics ERP consulting business, Medius Dynamics AB, to Danish IT group EG in order to put a sharper focus on its objective to be the leader in cloud-based AP invoice automation.

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NEW: PaletteArena 6.3, featuring Enhanced Spend Management and Payment Integration

The enhancements provide finance and procurement departments with a fully comprehensive solution that delivers greater control and management of all business revenue and expenditure, giving complete oversight of the entire P2P process.

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We welcome Tradeshift as the latest sponsor of the E-invoicing Platform

Tradeshift wants to fundamentally change the way business works. From the smallest independent contractor to the biggest corporations on earth, Tradeshift is working on connecting the dots to create a new cloud-based framework that supersedes everything that came before.
Everything Tradeshift does is centered around creating value over profit maximization, transparency and knowledge sharing, collaboration over command and control and last but not least: empowering the individual over micro-managed processes.

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

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

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

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

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)

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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