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Eurozone Crisis Puts the Breaks on Cash Flow

Wednesday 6th June, 2012

The Daily Telegraph has reported that Data from Western Union show that businesses are increasingly shifting payments to the end of the month as they hoard cash and wait for better exchange rates.

In the first quarter of 2012, an average of 31pc more currency exchanges were made during the last five days of the month than those made over the first five days, more than double the level the company considers normal.

Oracle to buy Collective Intellect

Wednesday 6th June, 2012

Oracle has entered into an agreement to purchase Collective Intellect, which helps organisations monitor, understand and respond to consumers’ conversations on Facebook and Twitter

Government Names Iron Mountain as Sole Supplier

Friday 1st June, 2012

Iron Mountain has been named as a preferred supplier within the Government's new £200 million document management framework, a category that includes records storage, digitisation and shredding. Iron Mountain is the sole supplier recommended by the Government Procurement Service for the provision of offsite information management services, which comprise around 40 per cent of the framework value.

Cloud providers are required to have a flexible approach

Thursday 30 May, 2012

Research by Queen Mary University of London revealed that Cloud providers increasingly need to adopt a flexible approach to contracts.

Based on views of global and UK cloud providers, cloud users, law firms and other market players the research found that ‘one-size-fits-all’ terms are often weighted in favour of the provider.

Are charities doing enough to reduce fraud?

Wednesday 30th May, 2012

According to the National Fraud Authority's (NFA) annual fraud indicator registered charities are estimated to lose £1.1bn to fraud, which equates to 1.7% of their annual income for 2010/11. The types of fraud range from false invoices and purchase orders to misuse of charity bank accounts. Although the vast majority of those surveyed believed their organisation take effective measures to prevent fraud, just under 4% reported that they had detected payment fraud by employees and volunteers from 2010 to 2011. The impact of fraud for these organisations can go beyond finanacial loss potentially damaging for relationships between staff, volunteers and other stakeholders. Read more.

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