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Late payments improve in Q3 according to Experian

Thursday 1st November, 2012

According to the Late Payment Index from Experian®, UK businesses paid their bills nearly 1.3 days earlier in Q3 2012, compared to the same period last year. In July to September this year, firms paid their overdue invoices 24.88 days after agreed terms, compared to 26.17 days during Q3 in 2011.

UK businesses world's most fearful of currency volatility

Thursday 1st November, 2012
Managing currency volatility over the next 12 months is key priority for a third of UK businesses

UK companies have greater concerns over how currency volatility will impact their business than the rest of the world, according to the results of the annual Global E-Invoicing Study from Basware. The research by the leading provider of e-invoicing and purchase-to-pay solutions revealed that a third of UK businesses stated that better managing currency volatility was a key priority for the next 12 months, compared to a global average of nine per cent.

Richmondshire ends Shared Service Agreement

Wednesday 31st October, 2012

Following on from our news in June, Richmondshire District Council has decided to pull the plug on its shared services arrangement with Hambleton District Council in a bid to save around £123,000 a year on shared senior management costs.

PayPal extends offering in Eastern Europe

Tuesday 30th October, 2012

PayPal Central & Eastern Europe and TrustPay, a bank transfer network with coverage in Eastern Europe, have signed a contract to release bank top-up functionality for all PayPal customers in three new Eastern European countries -  Estonia, Hungary and Slovenia, extending the service launched earlier in the year to the Czech Republic and Slovakia.