Xign Corporation has launched Release 8.0 enabling organizations to capture early pay discounts across all invoices, regardless of method of receipt or transactional strategy. This includes invoices captured through Electronic Data Interchange (EDI), imaging systems, and paper. According to Xign the new version of the software enables legacy invoice capture, supplier visibility and advanced discount capture on legacy invoices. Jeff Pikulik, director of buy-side research at AberdeenGroup said: “The ability to capture incremental discounts on any invoice regardless of its method of receipt changes the entire dynamic of payables. With real-time settlement features, the function’s perspective shifts from reactive transaction management to proactive cash management.” By shifting from paper to an electronic payables process, organizations can reduce their financial settlement costs by more than 50 per cent and improve visibility and control for Sarbanes-Oxley compliance.
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.