The Welsh government announced last week that it had a new strategy that will save the nation’s procurement of construction and facilities management (FM) sector £5.7 million per year. According to a recent Supply Management article, the plan is part of the National Procurement Service...
Online booking solutions company Amadeus is moving forward with its technology, as it prepares to work with SAP to deliver a cloud-based corporate travel solution. The new global innovation is set to help the business travel community soar high in the “cloud” and create a...
Slow and late payments are the bane of small business-owners existence. They lead to cash flow problems, and in some cases closures, as SMBs are unable to operate without regular cash flow. Increasingly, as variety enters into the buyer-supplier relationship and electronic fund transfers are...
When individuals don’t pay their electric bill, the lights get shut off. But, what happens when one country’s government refuses to pay businesses in another country?
According to the 25th annual State of Logistics report, the trucking industry’s capacity is expected to tighten, while freight volumes are predicted to continue to increase. This will likely result in freight rate hikes by the end of 2014. Specifically, experts in the field say...
Earlier this month, the Securities and Exchange Commission unanimously voted for new measures to be proposed that would reform how money market funds operate. Specifically, changes would be made to make the funds less susceptible to runs that could harm investors. A recent Trade Finance...
India’s milk and dairy major, Mother Dairy, announced earlier this week that it has signed a five-year agreement with enterprise software product company Ramco Systems. The move is expected to help connect Mother Dairy’s extended subcontractor network with an end-to-end ERP that can integrate smoothly...
In a recent Trade Finance Matters contribution piece, author David Gustin explored why financial institutions are struggling to find the best ways to provide supply chain finance to their customers, and also open account capabilities to their clients beyond traditional trade. According to Gustin, there...
For those career-driven individuals who are itching to start their own business, there is one increasingly common trend to keep in mind: no need for checks. While being able to accept personal checks – or even a check from another company – was a mainstay...
