Albany Software, a developer of electronic payment (e-payment) solutions, has partnered with Unit4 Business Software to provide Agresso Business World (ABW) users with the secure and accredited web-based bank account validation tool – Albany eVerify.
eVerify will be integrated directly into the Agresso solution and offered to Unit4 customers as an online service. The solution will automatically check and validate supplier bank account details as they are entered into the Agresso system to avoid payment errors and unnecessary administration. The system will instantly alert users to incorrect bank account details at point of entry rather than the problem being found later when a payment cannot be made.
Adrian Stafford-Jones, managing director at Albany Software, said: “Comprehensive data validation is imperative in order to achieve quick and successful payments and to reduce costs associated with payment failures. eVerify performs fast and accurate validation at the touch of a button, significantly reducing error rates, meaning fewer bank charges and faster completion of funds transfers.”
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.