Xign Corporation has received an equity investment for an undisclosed sum from MasterCard International. The funds from the MasterCard investment will be primarily used to expand Xign sales, operations, and research and development activities, and to enhance MasterCard’s initiatives tied to the MasterCard Corporate Purchasing Card and the MasterCard e-P3 electronic payment and information management service. In a separate agreement Williams, an integrated natural gas company, has selected Xign to automate its Order to Pay processes. The Xign Order to Pay service is designed to eliminate paper and data entry and lower costs for the settlement of business transactions. In the first phase of the Xign deployment, the focus will be on increasing the volume of electronic transactions to reduce invoice-processing costs for Williams.
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.