Balfour Beatty, the international engineering construction and services group, has adopted the Burns Business Exchange (beX) electronic trading service for its regular UK suppliers. Balfour Beatty, who currently spends over £2 billion annually with over 10,000 suppliers, estimates that half of the 965,000 purchase invoices processed each year will be managed by beX within the next 3 years. Previously,Balfour Beatty’s purchasing procedures were primarily paper based. The first phase, which started in August 2001, involves an internal trading community of six divisions of Balfour Beatty: construction, power networks, specialist holdings, rail maintenance, rail projects and plant division.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more