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This is how it will be read. When the European regulators produced guidelines on how bent a banana could be, there was a media frenzy. Headlines like "Europe Bans Bent Bananas" and "It's Official - Bananas Banned by Brussels". It was a Euromyth of course but it sells newspapers and I can feel the same thing is going to happen when the CEN get's its hands on e-invoicing standards.

OB10 can make some great claims. They might like to claim to be the biggest and they'd certainly want to claim best. I think they can legitimately claim to be the first. But these superlatives are very much double edged. "First" also means oldest and "biggest" can mean least agile. So how can OB10 maintain their leading position? Last week I had the great pleasure of meeting Luke McKeever, their new CEO, who told me.

Corporate cash balances are at a record high and with poor returns on treasury bonds not to mention the uncertainty generated by the turmoil in Europe, treasury managers are struggling to find a safe home for all that cash. Perhaps it’s time to look closer to home because their own supply chains could be the safest place to put their cash. If ever there was a case of not seeing the wood for the trees it this. According to Bertram Meyer, CEO of Taulia, writing in GT News, corporate cash balances of US non-financial corporations were close to US$2 trillion dollars. That’s an increase of 36% since 2009 and the ratio of liquid assets to short-term liabilities hasn’t been so high since Elvis first appeared on TV!