February 18, 2010
At the end of last year, TransGlobal Payment Solutions commissioned a survey to discover the extent to which AP is affected by fluctuations in currency exchange. In some areas the results were surprising; for example, the study found that in this era of overseas outsourcing, only 10% of the respondents noted that they made foreign currency payments to pay staff.
December 17, 2009
The declining use of cheques has come to the inevitable conclusion - discontinuation. With the use of chip & pin payment methods and with many petrol stations and supermarkets refusing to accept them - cheques are soon to be consigned to history.
Government agencies to benefit from greater payment choice and financial management and control tools
London, UK - 17 September 2009
For the first time, public sector agencies in the UK will have the choice to use MasterCard electronic payment solutions for their procurement activities under the Office of Government Commerce (OGC) Framework Agreement. Under the new framework announced by the OGC and running from 2010-2014, MasterCard solutions such as MasterCard® Purchasing Card, MasterCard® SmartData Online™ and MasterCard® inControl™ can be made available to the 3,300 national, regional and local public sector bodies in the UK through financial institutions AirPlus, Barclays, J.P. Morgan and RBS Group. The 44,000 disparate buying units across the UK Public Sector will also be able to use MasterCard payment solutions as tools to streamline and improve their purchase-to-pay processes. A global payments leader, MasterCard has been providing state-of-the-art procurement and other financial management solutions to government agencies in the UK and around the world for many years.
The IAPP (International Accounts Payable Professionals) announced today that despite a contracting UK economy, the launch of their British subsidiary - IAPP-UK has been a resounding success. With a month on month increase in membership, the association thrives by continuing to expand its knowledge bank.
The Reading based organisation stated that it was offering membership at the reduced rate of £99 (rather than the usual £149), up until the end of October 2009. The only association of its kind in the UK, the IAPP-UK recognised a gap in the market – which AP Managers and other AP professionals are pleased to see filled in such a comprehensive way.
International Accounts Payable Professionals UK is a not for profit organisation aimed at raising the profile of AP as a profession, and empowering its members through training, online seminars, networking and a chance to study for an AP qualification.
