Posts Tagged ‘ERP’
It creates an opportunity for buyers, suppliers and systems integrators to work with the leading organizations in their fields
Read MorePerceptive Software, creator of enterprise content management software, has formed a global partnership with OB10
Read MoreThe Dutch banks have composed a standard message for the customer initiation of a European bank transfer. This allows business and IT customers and / or ERP providers to a set up a generic and correct SCT UNIFI / XML message supported by the Dutch banks.
Read the ‘SEPA Credit Transfer XML customer-to-bank Implementation Guidelines for the Netherlands’
The initiating group ‘SEPA Migration NL’ have also come up with the Dutch Implementation Guidelines set to create a ‘level playing field’ for their corporate customers and software vendors active in SEPA.
The Dutch Association of Banks strongly recommends the use of the Dutch bank-customer SCT Implementation Guidelines to banks and their corporate clients.
The use of the Dutch Implementation Guidelines does not exclude the use of Belgian or other Implementation Guidelines. A bank can make additional appointments with its customers.
The new bank-client standards will replace the existing, because they do not meet all the SEPA requirements. Thus, BIC and IBAN cannot be used.
Source: www.sepanl.nl
Broadband access is increasing
In the EU27, 93% of enterprises of ten or more persons employed had access to the internet in January 2008, the same as in January 2007, and 81% of enterprises had a broadband internet connection, up from 77% in January 2007. On average in the EU27, 64% of enterprises had a website in January 2008, compared with 63% in January 2007. These data2 come from Eurostat, the Statistical Office of the European Communities, and form part of the results of a community survey conducted at the beginning of 2008 on Information and Communication Technologies (ICT) in enterprises in the EU27 Member States, Iceland and Norway. Besides the indicators presented, the survey also covers e-commerce, e-government and e-business indicators.
Almost all enterprises in the Netherlands and Finland have internet access
In January 2008, the highest proportions of enterprises with internet access in the EU27 were recorded in the Netherlands and Finland (both 99%), Denmark (98%) and Belgium, Austria and Slovenia (97% each). The percentage was less than 90% in only five Member States: Romania (67%), Bulgaria (83%), Hungary (86%), Latvia (88%) and Cyprus (89%).
The proportion of enterprises with a broadband connection in January 2008 was above 90% in Spain, France and Finland (92% each) and in Belgium (91%). Only in Romania (44%), Lithuania (56%) and Poland (59%) did less than 60% of enterprises have a broadband connection.
The data show that while internet access appears to be approaching saturation in nearly all Member States, the level of broadband internet access is still increasing.
Below you can view the outcome of the survey:
Source: Eurostat
TIE Holding N.V. (“TIE”) hereby announces that it has entered into a tentative agreement to acquire MamboFive B.V., an e-Business software company based in The Netherlands. The transaction completes TIE’s portfolio of the TIE Kinetix e-Business products and solutions and creates further business development opportunities for up-selling TIE Kinetix to the expanded customer base.
This acquisition fits well into TIE’s strategy of acquiring businesses that strengthen TIE’s bottom line, whilst providing expansion of the product and service potential. The acquisition is expected to contribute to TIE’s revenue and profitability.
Following the completion of the financial, technical en legal due diligence, and the agreement for the purchase of 51% of the shares, TIE shall pay a purchase price amounting to EUR 200,000. The purchase price for the first 51% of the shares also contains a short term 5% annual interest bearing loan amounting to EUR 300,000. On March 1, 2009, TIE requires to pay the loan and interest to the shareholders of MamboFive.
Regarding an additional 24,5% of the shares, TIE receives an option to buy them per April 1, 2009 for a purchase price of EUR 450,000. In order to acquire the final 24,5% of the shares, TIE receives an option to buy them for a purchase price of EUR 450,000. In case TIE determines to exercise the options, TIE will issue convertible bonds amounting to the purchase price. Each convertible bond has a notional term of five years and a lock-up amounting to 1 year. The convertible bonds are non-interest bearing and the conversion rate of each bond will be based upon the average closing rate of the last 4 days prior to the closing date or exercise date as well as the closing date or exercise date, always with a minimum of EUR 0.10.
The total purchase price for the acquisition of all shares of MamboFive therefore amounts to EUR 1.4m. The company has decided to split the transaction in order to anticipate on the current circumstances in the financial markets, and therefore provides itself with multiple decision moments to evaluate the financial market status at that moment. TIE expects to finalize the agreement after the publication of the annual results, which is planned on November 26, 2008.
With the addition of MamboFive, TIE will be able to deliver its customers a complete state-of-the-art TIE Kinetix e-Business solution, including a web shop. Our customers can now connect and integrate with their trading partners in the supply chain in every possible way, whether it’s the support of online orientation for their customers, online selling or online fullfillment. Therefore they can keep their business virtual as long as possible and save valuable time and money and even grow their revenue.
TIE will also be able to deliver its Business-to-Business integration know-how and solutions to the customers of MamboFive, who are predominantly in the telecom industry. Customers of MamboFive are KPN, HI, Debitel, AH Mobiel, Vodafone and e-tailers such as Elders Websales and Slimshops.
“Combining with TIE provides a significant opportunity to further accelerate our combined business”, said Frank van Doorn, Director of MamboFive. “We have been looking for possibilities to provide our clients additional services and complete solutions. We are very pleased to be able to integrate our MamboFive solutions in the TIE Kinetix platform. This will enable us to realize substantial growth in new markets and to extend the business with our existing clients”.
“Web shops and e-business solutions are the final step in our vision of offering a full range of e-business solutions to our customers”, says Jan Sundelin, CEO of TIE. “MamboFive delivers a full multi-channel concept, including shop-in-shop. With the acquisition of MamboFive we have a very powerful solution for our clients in doing their business online via a web shop.”
About MamboFive
MamboFive delivers and implements e-business solutions based on her standard MamboFive Commerce Suite (MCS), which is suitable for B2B and B2C solutions.
MCS is a fully ‘Web Enabled ERP’ for the internet entrepreneur. New technologies such as e-procurement, web shops, catalogue management and web services can be implemented upon the existing investments in financial and logistic systems.
The company was established in 2000 and is headquartered in Utrecht, in the center of the Netherlands. It developed the MamboFive Commerce Suite especially for midsize and large enterprises who can implement the software package quickly without high investments. MamboFive’s main focus is the high end corporate retail segment. The client reference list comprises strong corporate brands as KPN, HI, Debitel, Vodafone, Fujitsu-Siemens, SimYo Belgium, Simac ICT and Elders Websales (GSM.nl).
MamboFive also has a strong position in the mid segment with runner up companies and niche players who require state-of-art solutions for their e-businesses.
Profile TIE
Master Data Management Software Company TIE (NYSE Euronext: TIE Holding) bridges the gap between online and traditional business. TIE helps industry and supply chain partners to achieve electronic business collaboration with solutions in the traditional and upcoming markets like Data Quality Management, e-Invoicing, Master Data Management and Digital Channel Communications. Our solutions are proven to lower costs, increase revenue and optimize business processes. Because we have decades of experience to share, TIE remains a key contributor to the development and implementation of global eCommerce standards. TIE is a publicly held company with offices in the United States, France, and the Netherlands.
TIE Holding N.V. (“TIE”) hereby announces that Siemens Enterprise Communications GmbH has selected TIE DCM as a key part of their worldwide indirect partner program.
The TIE Digital Channel Management solution (DCM) will enable Siemens to manage and distribute their marketing and sales information real-time to their worldwide indirect sales channel. Starting with a pilot phase in the US, UK, Germany and Spain, Siemens will connect a selection of their major partners to the DCM system. After a successful pilot it will become a key part of the worldwide indirect partner program.
“By working with TIE and their DCM system we believe we will offer real value to our channel partners. The partners can simply provide the information regarding Siemens solutions, quickly, easily and without having to have specialist marketing skills or any burden of keeping information up to date. The potential for our partners to run, ready branded, targeted campaigns at the click of mouse is very exciting”, said Adrian Honey, Director of Global Indirect Channel Marketing. “From a Siemens perspective we reduce the time to get information into the market and are obviously pleased that accurate, complete and up to date information about our products and solutions is available to the market and is being actively promoted by our partners”.
“Siemens really understands the value of getting their marketing and sales content fast and easy into the worldwide market and recognizes the power of the TIE technology” says Jan Sundelin, CEO of TIE. “By using the TIE DCM system, Siemens will be able to reduce their costs and increase the Marketing reach for Siemens and their channel partners”.
Source: TIE
According to Statistics Estonia, in January 2008 four out of ten enterprises with Internet connection had received e-invoices, three out of ten had sent out e-invoices. In the previous year the corresponding indicators were two out of ten and one out of ten.
ID-card was used by four out of ten enterprises with Internet connection. ID card was used mostly for giving digital signature and for authorising users in information systems. The most active users of ID-card were the enterprises of financial intermediation; two thirds of them used ID-card.
The general trend of reducing the paperwork has increased the interest of public authorities in websites. The enterprises download more and more forms and return them via Internet. Over three quarters of enterprises downloaded forms and two thirds returned them via Internet. Two thirds of enterprises had their own websites.
In January 2008, 97% of enterprises used computers; 99% of them had also access to the Internet. These indicators have not changed much during the last five years. As before, most of the enterprises needed the Internet for banking and financial services; fewer enterprises used the Internet for training and education purposes. The most popular type of Internet connection was DSL broadband connection, used by three quarters of enterprises. Other types of broadband connection, such as cable TV, leased lines, etc., were used by two out of ten enterprises. Non-broadband connections (dial up, ISDN, mobile Internet) were used less and often in combination with broadband connection.
Statistics Estonia has surveyed the use of information technology in enterprises since 2001. In 2008 3,500 enterprises participated in the survey. The survey involves enterprises with 10 and more employees. The usage of information technology in enterprises is studied by statistical organisations in all European Union Member States on the basis of harmonised methodology.
Source: Stat
Interoperable standards between banks, fund managers and their intermediaries could take decades to emerge, according to European clearing and settlement body Clearstream.
The funds distribution process is typically viewed as being one of the least automated in the financial industry with faxes still widely used in the transaction process.
According to Tilman Fechter, executive director, Investment Fund Services, Clearstream, while the adoption of automation is increasing, the lack of a recognised and universal messaging standard for communication between banks and fund managers is hampering efforts.
“More and more senior people agree that fax is not the answer but the argument is what the standard will be – Swift? FIX? Proprietary protocols?”
Fechter says that, despite the efforts of Swift to promote its ISO-based standards, the fact that many banks and investment managers are on different versions creates an interoperability problem.
Many banks have only just migrated onto the ISO 15022 standard while fund managers connecting to Swift for the first time are going straight onto the newer 20022 version.
Swift will eventually become the dominant standard, says Fechter, and all counterparties may eventually be using the same version but it will be a long-term project that will take at least 20 years in all likelihood.
For its part, Clearstream, which is owned by Deutsche Börse, is offering investment management clients in Luxembourg, Ireland, Belgium and Switzerland the opportunity to communicate with its banking counterparts through its Central Facility for Funds product which will be extended to the UK market as of October this year.
“Swift strongly relies on people like us to support two counterparties using Swift but on different standards,” says Fechter who adds that the situation is not the fault of the messaging standards body but just a reflection of the way the market is structured.
“Swift is doing the right thing and there is nothing I can see that it could be doing better. It is just the state of the industry and you cannot force standards.”
Source: Sibos Online
The migration of Microsoft’s treasury onto the XML-based ISO20022 messaging standard is likely to be a multi-year, ongoing initiative, according to a treasury manager at the software giant.
Microsoft’s treasury would like to migrate all of its financial messaging onto the XML-based standard, however the tardiness of banks and their own adoption of the standard for their treasury services, means that the project will be an “evolution” that will involve several phases, according to Ed Barrie, group manager, Treasury at Microsoft.
“The XML standard will give us more enriched data at a transactional level which we can put into specifically defined fields in our Enterprise Resource Planning systems,” says Barrie. “This will give us better STP and a single viewpoint for all of our payments information.
Microsoft’s treasury department handles global credit and collections, cash management and account opening and closing for the software giant covering 1100 bank accounts and 130 banking partners.
Microsoft is concentrating on its treasury statements primarily, before applying the ISO20022 standard to its payment flows. However the project’s success will be heavily dependant on the progress of its 130 banking partners.
“By next year we expect to have at least two banks converted and hope to have six or more,” says Barrie.
At least the ISO standard will not face unwelcome competition. According to Barrie, there will not be a rival standard to ISO20022. “It is the format that supports Sepa payments in Europe so that is driving adoption but it has mostly been on the bank to bank payments side. What we need to see is this adoption spread to the bank to customer side.”
Despite the slow progress, Barrie is confident that by next year’s Sibos event, there will have been some significant developments, helped by demonstrable evidence of the benefits of implementing ISO20022.
“We are now in the initial analysis stage but by next year we will see more tangible case studies that show a return on investment, the percentage of straight-through-processing and the level of cost involved.”
Source: Sibos Online
On December 2nd and 3rd 2008, a forum is dedicated to amongst others international developments on electronic invoices, the analysis of international scenarios and the in-depth examination of business and technical aspects of the new advanced services dedicated to banks and enterprises. The event will take place in Rome.
This is the agenda of the event.
If you are interested in visiting this event, you can view the registration form here.
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