US bank Wachovia’s Treasury Services Division has introduced a PC-based Online Payables service. The solution will enable Wachovia customers to manage the payment process via a secure Web site, eliminating the need for pre-printed check stock and reducing expenses related to printing and sorting equipment, according to the bank. The solution accepts multiple file formats and integrates with a company’s pre-existing accounting software applications. Payment files are generated through the customer’s accounting software and then uploaded to the Online Payables application. The details of the file can then be viewed and processing decisions made.
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.