PeopleSoft MarketPay will be used by the newly formed joint venture of BNP Paribas, Cap Gemini Ernst and Young, Crédit Agricole and Société Générale. Answork is MarketPay’s first customer. MarketPay will be the world’s first complete procure-to-pay financial settlement process built specifically for internet B2B trading exchanges. It will include global features, such as multi-currency, multi-lingual processing and Euro compliance. It has been designed to allow buyers and sellers to collaborate directly in the settlement process. It will match orders with invoices and provide bill presentment and payment. As a result, the buying process, from order to payment, is faster, more streamlined and less expensive.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.