Through this arrangement with Emergis, Bank of America will be able to offer its corporate, middle market and small business clients the ability to reap the benefits of EIPP with their trading partners, in multiple languages and multiple currencies. Clients will eventually have access to electronic invoice presentment and payment in North America, Europe, Asia and Latin America. Business clients and their trading customers will be able to replace labor-intensive and time-consuming activities with more efficient, real-time tools to manage their invoicing and payment process including dispute resolution and reconciliation. In addition, the Emergis e-Invoicing system will interface with Bank of America’s global payment systems, which will convert and channel transactions through the appropriate US orinternational payment system.
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.