Cinergy Corp. and FirstEnergy Corp. have selected the Pantellos eSettlement Network – an electronic payables system – to further automate their procure-to-pay processes. The utilities chose the solution to lower accounts payable (A/P) processing costs, reduce error rates, achieve better visibility and control over payment methods, and strengthen supplier relationships, according to Pantellos. Based on the ePayables solution from Xign Corporation, the Pantellos eSettlement Network is an electronic invoice and payment service that helps utilities automate their financial settlement processes. The service creates a secure settlement network that enables utilities and their suppliers to exchange electronic invoices and payments, capture early payment discounts, resolve disputes in real-time and improve cash forecasting.
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.