Swedish company Mölnlycke Health Care is about to upgrade its netting system, as part of a new agreement it has with new provider OpusCapita. The project is due to be completed by 1 January 2010.
“For more than a decade, we have seen the advantages of netting. In a situation where the licence of our old factoring system is about to expire, we have been able to realise the technical development that has been going on during this time. Now we are getting a much more flexible and user-friendlier system,” explains Karin Högberg, group treasurer at Mölnlycke Health Care.
Högberg also sees how the new netting system simplifies the integration work related to business acquisitions: “With the previous mainframe computer-based environment, it was complicated and time-consuming to obtain functional reporting and find new common routines. With a web-based system, this is much easier and communications become more efficient. I particularly appreciate the automatic, well-arranged reports,” Högberg adds.
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.