Data collected from corporate finance organizations in the U.S. has revealed that online payments solutions can save companies millions of dollars a year, and that operational cost savings alone justify the modest investment needed to implement a solution. Xign Corporation, which conducted the survey, found that online payments solutions result in substantial increases in the capture of early payment discounts. The results from Xign’s research of twenty companies show that the average Fortune 1000 company can expect a minimum return of $4.5 million dollars over three years from an online solution. On the operational side, lower costs result from automation of manual tasks, both within account payables (AP) and across the company. Increased efficiency in the routing and approval of invoices and the reduction in vendor call inquiries also contribute substantial dollar savings. Results showed total operational savings as high as $1 million in the first year.
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.