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Failure to Eliminate Paper is Stopping Businesses Achieving Their goals, Survey Finds

Monday 28th May, 2012

Almost half of companies can’t detect duplicate invoices, more than one third can’t track cost per invoice


An in-depth survey into current trends and predictions in accounts payable, conducted by Accounts Payable News®, and sponsored by Basware, has found that a significant portion of UK companies are being held back by a reliance on paper-based financial processes. A failure to realise the benefits of automating invoicing and payment processes causes unnecessary cost and allows inefficiencies to go unnoticed.

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.

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