US bank Morgan Stanley has implemented PayMode(TM), Clareon’s business-to-business payment solution, and is using it to initiate and send payments, along with detailed remittance information, to vendors and suppliers. The system is already integrated with Morgan Stanley’s accounts payable workflow and its GEAC accounts payable system, allowing the company to generate, approve and transmit electronic payments with remittance to its vendors, while continuing to work within its current accounts payable environment. Clareon is also employing its successful Accelerated Enrollment Program to enable Morgan Stanley’s vendors and suppliers to receive payments and remittance using PayMode.
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.