News

Readsoft and OB10 have announced a new global partnerships - aimed it seems at delivering the synergy that the two organisation can deliver around e-invoicing and AP automation. The press release states that the two companies have developed a "comprehensive, end-to-end business process solution that will integrate seamlessly with SAP, Oracle and other leading financial and ERP systems using the ReadSoft INVOICE COCKPIT Suite as a universal invoice hub to control all invoice processing irrespective of document format."

Taulia, Inc., the leading cloud-based dynamic discounting solution provider for SAP®, today announced that it has acquired billFLO.  billFLO helps small businesses monitor cash flow and identify liquidity gaps by automating the accounts payable, accounts receivable and expense reporting processes.  The combined company turns the conflicting cash flow needs of large buying organizations and their smaller suppliers into a win-win with its cloud-based financial supply chain solution.

OB10 today announced that Centrica, the international integrated energy company and one of the UK’s largest gas and electricity providers, will be adopting OB10’s e-Invoicing solution, joining other leading utilities providers including Severn Trent and Scottish Water.

Basware has announced the first e-invoicing agreement of its kind with the State Treasury of Finland. Under the agreement, companies that do not yet have e-invoicing capabilities, can send their invoices to the state in electronic format, free of charge. Using the Basware Supplier Portal, even the smallest suppliers can now easily shift to e-invoicing and start to benefit from optimized cash flow, better working capital management and lower processing costs.

Palette have just announced the appointment Michael Cichy as new General Manager for North America. The enterprise purchase-to-pay specialist Palette is expanding and strengthening its North American operation and has also announced two new partnerships with business automation and integration specialists, OnCourse and AllStar Software.

Supply chain finance generally and dynamic discounting in particular has been has been featured quite heavily in Purchasing Insight. It's not an entirely new concept but in the last year or so it has gained a great deal of traction as a means of getting a real and significant commercial return by being clever with the way invoices are settled and this week, Purchasing Insight is delighted to welcome Taulia, the leading dynamic discounting solution provider, as its first sponsor.