Just three months after announcing plans to extend the payment terms of new contracts from 60 to 90 days, beverage conglomerate Diageo has reversed its tune. Diageo, which owns popular brands Johnnie Walker whiskey and Guinness beer, will maintain its current timeframe of 60 days....
Jamaica had set a target to lend $3 million to micro-, small- and medium-sized businesses in the 2014/2015 fiscal year. According to the nation’s Ministry of Finance and Planning, MSME lending zoomed past that goal. Get the Full Story Complete the form to unlock this...
Industry analysts are increasingly warning corporations of the time and money wasted through outdated, manual travel and expense management practices. The challenge is exacerbated when businesses not only use outdated T&E management tools, but use outdated payment tools, too. Get the Full Story Complete the...
Software-as-a-Service can no longer be ignored in the business community. The expansion of global operations means corporations must do international procurement, meaning digital payments, communications, data analysis and other management tools have to technologically adapt to facilitate this evolution. Get the Full Story Complete the...
Walmart has pumped significant funds and effort into increasing its B2B operations to facilitate procurement for its stores from suppliers. Just weeks ago, the retail chain conglomerate revealed a new online procurement service for its wholesale stores in parts of India. On Monday, Walmart announced...
Cloud-based technology has earned significant attention among businesses as a way to organize and secure corporate information and operations. The industry often struggles to turn a profit, experts say, but one of Europe’s largest software conglomerates has maintained its direction toward utilizing cloud technology in...
Paper invoicing is expensive and time-consuming, yet businesses across the globe still rely on the antiquated system. Change is coming. Electronic invoicing continues to grow in popularity. Countries that have proactively moved into the future of e-billing and invoicing aren’t the ones that automatically come...
Business-to-business procurement remains largely done on the desktop computer – or even over the phone – but for Olam Specialty Coffee, the buyers and roasters of coffee beans are often traveling. According to Olam, a Web-based procurement system was not sufficient for its particular market....
Global trade management solutions provider Amber Road has just made a major investment in a supply chain relationship services firm that will strengthen buyer-supplier partnerships throughout North America, Europe and Asia. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
