Archive for Supply Chain Finance
This move is part of the company’s progress towards its medium term goals of:$1,000 bn of invoice value on the Tungsten e-Invoicing Network, $100 bn of invoice financing through Tungsten Finance, $10 bn of savings for clients using Tungsten Analytics.
Read MoreBasware received the award for helping companies significantly reduce volumes of paper invoices through e-invoicing, automating financial processes and conducting e-business. In addition to enabling sustainability, Basware’s solutions and services helped companies gain critical visibility and control over finances, reduce costs and improve working capital.
Read MoreAt its fourth global SME summit in New York City, SAP announced two new initiatives specifically targeted at its smaller customers and. The first the extension of a zero per cent financing offer. The second is the ability of SMEs to connect to SAP’s Ariba Network free of charge!
Read MoreThe White House and the Small Business Administration announced to expand SupplierPay. Another 21 companies are joining the 26 companies that had already adopted the SupplierPay. Participants of the SupplierPay initiative, promise to pay their small suppliers faster or enable a financing solution that helps them access working capital at a lower cost.
Read MoreWe are delighted to introduce Taulia to the E-invoicing Platform audience. Taulia provides cloud-based invoice, payment and dynamic discounting management solutions. Taulia revolutionizes the way businesses interact and partner with each other, by turning every invoice into a revenue opportunity. And this enables organisations to strengthen supplier relationships while adding millions to the bottom line. Taulia’s proposition is acknowledged by the fact that the Royal Bank of Scotland (RBS) has partnered with Taulia to be one of the first banks to offer its corporate clients dynamic discounting with e-Invoicing.
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U.S. Bank has allegedly signed up more than 5,000 carriers to use its freight-payment trade finance service. The appeal for carriers of getting on board this system is that they’re guaranteed to be paid. Once e-invoices are cleared, the bank pays the carriers and sends the shipper a consolidated invoice for all shipments made through the system.
Read MoreeFinans separates itself from the rest with its ERP integration with 45 local and global ERP software thus able to capture 90% of the e-invoice users using an ERP system. Its webportal has also been developed to match a typical invoice module of an ERP in order to serve small Business requirements.
Read MoreIn 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.
Read MoreBasware’s Financing Services combines payment with financing services for companies of all sizes for buyers and suppliers alike, helping them to optimize their cash and working capital. It is a clear sign that more and more companies see that the e-invoice and PO is enabler for services that add even more value. The new financing services include Basware Pay, Basware Discount and Basware Factoring
Read MoreMichael 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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