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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.

Lexmark launches capture solution

Monday 28th May, 2012

Lexmark International, Inc. announced its Distributed Intelligent Capture Solution that integrates Lexmark Document Distributor+ with Brainware software allowing customers to intelligently connect business documents and processes.

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