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Institute of Financial Operations inducts new board

Tuesday, 13th December  2011

Range of Professions, Industries Reflects Membership of Legacy Associations

Six new members began three-year terms on the Board of Directors of The Institute of Financial Operations earlier this month, the first new board since The Institute was launched in May as the umbrella organisation for four membership associations.

British and Irish businesses move to use invoice finance to increase funding

Monday, 12 December 2011

In the current climate, the number of British and Irish businesses using invoice finance as an essential type of business finance is increasing, as reported by Asset Based Finance Association (ABFA). In the third quarter of 2011, the number of companies using business finance has increased by 9%, compared with 2010, with a trend towards uptake in larger businesses. Turnover from British and Irish companies using invoice finance has risen though, standing at £62.3bn for this quarter suggesting that firms which use invoice finance are growing their sales and continuing to trade successfully.

Ariba Enhances Smart Invoicing Capabilities

Monday, 12 December,2011

With the fate of the global economy still uncertain, companies have made managing cash and working capital job number one. And Ariba, Inc. (Nasdaq: ARBA) is arming them with the tools they need to do it with the latest release of its collaborative commerce platform. Designed to enhance the company’s smart invoicing capabilities, new features within the release enable organisations to further streamline global invoice processing, support complex compliance requirements, and improve business commerce collaboration.

Kofax Acquires Singularity

Thursday 8th December 2011


Kofax plc has acquired Singularity Limited, the Londonderry based leading provider of business process management (BPM) software and case management solutions. Commenting on the acquisition, Reynolds C. Bish, CEO of Kofax, said:


“We’ve become a leader in the capture market by managing information into customers’ enterprise applications and repositories. The acquisition of Singularity will now allow our customers to manage that information as it flows through their organisations, expanding our reach beyond capture into the BPM market and providing a uniquely differentiated product with strong competitive advantages in both markets. We’re excited to deliver more capabilities to our customers and welcome the Singularity management team and its employees, customers and partners to Kofax.”

The acquisition should allow Kofax to realise numerous strategic benefits, including:

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