Pantellos, a leading supply chain services company for the utility industry, has agreed a new partnership deal with Xign Corporation. The agreement will pave the way for a new electronic invoice and payment service designed to help utilities automate financial settlement with suppliers. Based upon Xign’s ePayables solution, the new Pantellos eSettlement Network aims to lower payables processing costs, improve utilities’ ability to negotiate and capture supplier discounts, and strengthen supplier relationships. According to industry estimates, the cost of business-to-business financial settlement-including invoice receipt, invoice approval and processing, payment, remittance, reconciliation and dispute resolution-ranges from $40-$60 per transaction.
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.