Collecting bills efficiently, on-time and with a minimum of bad debts is essential in any business. Bill collection, unlike collecting payments at the point of sale, involves granting the buyer credit…
Read moreby Kylene Casanova
The problem with Business-to-Business (B2B) payments is that to achieve full automation and STP there needs to be general ledger (GL) to GL integration plus much more information about the order, invoice and receipt
by Kylene Casanova
The trend to integrated business processes continues. OB10, a leading e-Invoicing network, today announced a strategic partnership with Infosys BPO, the business process outsourcing subsidiary of Infosys Limited. Th
by Kylene Casanova
EBA Clearing, a major Pan-European payment infrastructure solutions provider, has introduced new optional services on the STEP2 platform to meet the requirements of its users for the single euro payments area (SEPA)
by Kylene Casanova
Companies have to implement significant changes to their operational models to move to SEPA. They have to invest in system upgrades, testing and staff training. The scope of the changes is extensive.
by Kylene Casanova
Dr Thaer Sabri, Chief Executive Electronic Money Association, in his presentation at the recent Eurofinance Conference in Monaco used Square and PayPal as examples of additional functionality being added to payment
by Kylene Casanova
The consensus in the many corporate treasurers I know is that the euro will survive, and at least one country will exit the euro. Although there are great differences of opinion about what will happen, ranging from
by Kylene Casanova
The latest World Payments Report from CAPgemini, RBS and EFMA is another tour de force with amazing range and depth of analysis. The key findings are mostly expected:
by Kylene Casanova
OB10, the e-Invoicing network that handles £90bn of payments each year, has launched OB10 Express Payments, a supply chain finance service that allows organisations to receive payment on approved invoices within thr
by Kylene Casanova
Bottomline Technologies announced at the AFP Conference that its business-to-business settlement network, Paymode-X, has surpassed 200,000 members actively submitting and approving invoices AND using the simple elec
by Kylene Casanova
There is general agreement that consumers expect to be able choose from a range of payment methods to pay for their goods and services. (See Safety Insurance case study.) Businesses are undecided as to: 1) which pa
by Kylene Casanova
Experian warns that, although SEPA may have been designed to simplify and streamline processing operations for domestic and international payments, it will also expose out-of-date account data and other errors that
by Kylene Casanova
Finnish e-procurement and e-invoicing software company Basware has signed an agreement to acquire the network and e-invoicing business of Certipost, a subsidiary of Belgian postal operator bpost.
by Kylene Casanova
Today, the British Chambers of Commerce (BCC) released the results of a survey of more than 5,000 businesses, which found that 94% of firms have been paid late, with one in four reporting over 40% of their payments
by Kylene Casanova
Olli Kähkönen, Nordea started his presentation by describing the spirit and philosophy of SEPA beautifully, namely: realizing benefits form global standards, end-to-end automation, common collaboration, from complex
by Kylene Casanova
On the 1st January 2013, new VAT legislation will theoretically simplify the rules for electronic invoicing, but this is still in draft form.
by Kylene Casanova
Logica, now part of CGI Group Inc., and Citi's Transaction Services division, have formed a strategic alliance to provide CGI's Logica Mandate Management service (LMM) to Citi's institutional client base in Europe.
by Kylene Casanova
Belgium is by far the front-runner in the migration towards SEPA. In July 2012, the share of SCTs reached more than 58% of the total number of credit transfers made, a much higher proportion than in most other count
by Kylene Casanova
The latest clearing statistics from the UK's Payments Council shows major differences in annual growth rates
by Kylene Casanova
The Russell Group, one of the UK's leading logistics and warehousing firms, is achieving efficiency savings of over £100,000 per annum after automating its purchase-to-pay process using m-hance's electronic invoice
by Kylene Casanova
Western Union Business Solutions, a business unit of the Western Union Company, has introduced its business-to-business (B2B) service in three new markets - Chile, Cyprus and Jordan.
by Kylene Casanova
Bottomline Technologies of the US have announced that they are to acquire UK Bacs processing firm Albany Software. Financial terms of the acquisition were not disclosed.
by Kylene Casanova
The ‘E-invoicing market guide 2012’ from The Paypers builds on the success of the previous year’s edition. It brings together the most complete and up-to-date overview of the global e-invoicing ecosystem, mapping ou
by Kylene Casanova
Everyone is vulnerable to invoice fraud. Lloyds TSB in the UK took a hit after one its workers was found to have submitted false invoice payments over a period of four years, before laundering the proceeds.
by Kylene Casanova
The latest Payment Practices Barometer from Atradius showed that British businesses appear to be performing better than those across Western Europe when it comes to settling invoices on time.
