Taxware and Velosant LP are to merge and operate as a single organization under the Velosant name. Both Velosant and Taxware are operating companies of eONE Global, which is majority-owned by electronic commerce and payment services provider First Data Corp. Integrating Taxware’s product offerings with those of Velosant will provide a differentiated proposition and broader set of financial supply chain automation solutions to CFOs, according to Velosant. The merged entity will continue offering Taxware software and services as solutions and the Taxware brand will continue as a product line under Velosant.
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.