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False Invoices Lead to £2.5m Fraud by Lloyds Worker

Friday 25th May, 2012

As reported by the BBC, Former Lloyds Head of Fraud and Security is charged with submitting false invoices to a total of £2.5m. Andrew Penhale, from the Crown Prosecution Service's Central Fraud Group, said: "The charge relates to an allegation that between 1 September 2008 and 21 December 2011, Jessica Harper dishonestly and with the intention of making a gain for herself, abused her position as an employee of Lloyds Banking Group, in which she was expected to safeguard the financial interests of Lloyds Banking Group, by submitting false invoices to claim payments totalling £2,463,750.88, to which she was not entitled. Read More

Version One Announces Partnership Agreement with Sapphire

Thursday 24th May, 2012

Version One has announced a partnership agreement with Sapphire Systems, a global provider of financial accounting, ERP and business management systems.

Under the terms of this global agreement, Sapphire is re-selling Version One's document management and imaging solutions, tightly integrated into Infor10 Financials Business (SunSystems) and SAP Business One.

Ariba Delivers Bottom Line Results to Leading Construction Firm

Thursay 24 May, 2012

Company to discuss use of on-demand offerings to more efficiently manage trading relationships and deliver bottom-line results at Ariba LIVE Barcelona

As the global economy continues on its volatile and uncertain path, companies around the world are seeking ways to minimise their costs and risk. Fomento de Construcciones Y Contratas (FCC), one of Europe’s leading construction and services firms, has found one in Ariba, Inc., a leading provider of collaborative business commerce solutions.

SAP Purchase Ariba for $4.3bn

Wednesday 23rd May, 2012

In the largest enterprise software deal since HP's purchase of Autonomy Corp last year, SAP has agreed to buy Ariba for $4.3bn, as reported in Bloomberg this morning. Ariba's known as a leader in cloud-based commerce and the purchase demonstrates SAP's intention to scoop up the demand for the relatively new technology.

Fraudsters are targeting struggling small business

Wednesday 23rd May, 2012

Small businesses have been advised to take measures to avoid fraudster's attempts to defraud them of thousands of pounds. Fraudsters are increasingly impersonating well known high street brands with paperwork which looks correct, to order goods from suppliers.

According to Kieron Franks, risk underwriting manager for Euler Hermes UK, suspected frauds based on a false trading relationship rose by 45% last year compared with 2010. An estimated £5m of this type of fraud has already been identified so far this year.  Read more.

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