Archive for Supply Chain Finance

HighJump Software Acquires Atlas Products International, Expands Global Trading Partner Network in Europe

Michael Cornell, CEO of HighJump Software: “Atlas offers a unique set of solutions that allow companies to more efficiently transact business electronically and compete more effectively in a connected marketplace. This acquisition extends our global trading partner network, both functionally and geographically, and complements our existing HighJump B2Bi business which leads the market in Denmark and Nordic region of Europe and our TrueCommerce trading partner integration network in North America."

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E-invoicing is dead. Long live e-invoicing! And the paper invoice?

Even though the starting points by Taulia+Ricoh and Readsoft+Billentis are completely different, they come to the same conclusion: as a standalone feature, e-invoicing creates less value. The true value of e-invoicing emerges when it is use as an enabler for other value added services: AP automatino, dynamic discounting, supply chain finance and so on.

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Basware blog: Keep your cash close, and your suppliers closer

We dug up this interesting post from Andrew Jesse (Vice President Basware in London). He focusses on the fact that late payments can pose a serious risk to a small supplier’s financial health, given that they have less of a financial ‘buffer’ than their larger counterparts. So, it’s unsurprising that extended payment policies are putting pressure on buyer-supplier relationships. The combination of e-invoicing and new e-payment solutions like Basware and VISA helps solve these extended payments and supplier cash flow issues.

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Tungsten receives formal UK PRA approval to start the Tungsten Bank

Tungsten receives formal UK PRA approval to start the Tungsten Bank

The Board of Tungsten has received approval from the UK's Prudential Regulation Authority (PRA) for the formal change of control in the recently acquired FIBI. The fully UK authorised Bank will be re-named tot the Tungsten Bank and will soon start offering supply chain finance: a major opportunity for UK SME's as well as entire supply chains.
And there is more good news: Tungsten has today begun providing invoice discounting services to selected US customers.

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Benchmark your business with this Purchase-to-Pay Manifesto [eBook]

Benchmark your business with this Purchase-to-Pay Manifesto [eBook]

Cash is king. Run out of cash and your business is history. And yet, many finance professionals still do not have the level of visibility and control they would like. By providing a far more accurate view of your company’s working capital, you reduce the need for expensive borrowing. As a result, you have more agility to make the right decisions for your business.
That is why Basware came up with the The Purchase-to-Pay Manifesto. This will help you to..

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From OB10 to Tungsten. What has been accomplished in 2014 sofar?

Every now and then OB10 Tungsten provides us with an update on their transition from an e-invoicing service provider to a supply chain finance provider. As as a supply chain finance provider the e-invoice is just a means (though a very important one) to provide the valuable services in the near future.

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Wowsers! Fundbox wants to streamline a 12 trillion dollar B2B (e)invoicing market.

Fundbox acts as a microlender for small businesses that cannot afford to wait for money from clients that can often take up to 90 days to arrive. Fundbox identified this as an underserved space, in that banks tend to be reluctant to lend to small businesses, particularly in small amounts.
Fundbox says that the business-to-business invoice area is worth $74 trillion, a much bigger market than the $3 trillion business-to-consumer one that includes competitors like Visa, Paypal and Square.

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Introducing eFinans: the first and only finance solution for Turkish e-invoices

eFinans,provides e-Invoice Integration, tailor-made e-Invoice support, e-Invoice archiving, e-Ledger application services – as well as online banking solutions through its e-Commerce portal in Turkey. Since Septem­ber 2013, com­pan­ies in Turkey have to com­ply to new mandatory require­ments in e-invoicing. Please click here to download and examine the detailed offering of eFinans, especially for BCCT (Britisch Chamber of Commerce of Turkey) members.

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What has Tungsten achieved since it bought OB10? Time for an update

Some of the achievements sofar are listed in this article. Like its compliance in 44 countries. But also: Their focus on a purely digital approach means that Tungsten shall be shutting down the legacy interoperability arrangements that benefit its competitors more than they benefit Tungsten’s customers and which could introduce non-compliant invoices into the Tungsten network. Hmmmm, interesting.

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Breaking: Tungsten/OB10 receives USD 200mln funding for -UK- supply chain finance

Breaking: Tungsten/OB10 receives USD 200mln funding for -UK- supply chain finance

Today Tungsten (the organisation that acquired OB10 last year September) announced that Blackstone Tactical Opportunities has agreed a $200mln funding deal that will allow Tungsten to provide customers supply chain finance. Tungsten, valued at $225mln before this deal was made public, is aiming to acquire the UK arm of the First International Bank of Israel to create an invoice discounting business.
The deal shows that OB10, now a Tungsten company, is looking what lies well beyond e-invoicing: supply chain finance.

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