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Shareholders Approve SAP's Aquisition of Ariba

Friday 31st August, 2012

Ariba has said that its shareholders have approved SAP AG's proposed $4.59 billion acquisition of the company, and the deal is expected to close in the fourth quarter, although regulators have still got to approve the sale.

Back in May SAP announced that it would pay $45 per share for Ariba whose revenue grew almost 40 percent to $444 million in its latest fiscal year. SAP has said the deal should add to its adjusted profit in 2013.

In response to the announcement Ariba shares rose 2 cents to $44.62.

Controversial Insolvency Measures Increase by 32%

Wednesday 29th August, 2012

If you've wondered why this stage of the recession the UK is not beset by Woolworth's style closures across towns and high streets, it may well be due to the rise in a controversial new method of insolvency procedures, called Company Voluntary Arrangements (CVAs) whereby debts are renegotiated. According to accountancy firm Wilkins Kennedy LLP, the number of CVAs has jumped 32% this year from 699 to 924.

Greggs to deliver 100% of its invoices electronically

Wednesday 29th August, 2012

Greggs the Bakers is the latest in a string of organisations determined to maximise on invoice processing efficiencies by delivering 100% of its invoices electronically using their existing UNIT4 Coda Financials system.

As an existing customer of UNIT4 and Intelligent Capture, Greggs already benefited from an automated accounts payable solution within its Shared Service Centre. By introducing Invoice4, the organisation will drive further Accounts Payable and Purchase-to-Pay efficiency.

Coupa Don't Rest on Their Laurels - New Release Announced

Tuesday 28th August, 2012

Determined to continue to build on their existing platform and offer an extension into several key areas of an organisation's business function, Coupa has announced the launch of Coupa Release 8. This includes major enhancements to the Coupa platform, mobility enhancements and two new core capabilities: Coupa Smarter Contracts and Coupa Invoicing. These updates give customers further insight into their overall spend, so they can reduce costs and directly impact the bottom line.

Kodak announces sale of imaging business

Friday 24th August, 2012

Eastman Kodak Company has announced the sale of its Personalized Imaging and Document Imaging businesses. Antonio M. Perez, Chairman and Chief Executive Officer said:

“We are reshaping Kodak. We continue to rebalance our company toward commercial, packaging and functional printing – in which we have the broadest portfolio solutions – and enterprise services. These businesses have substantial long-term growth prospects worldwide and are core to the future of Kodak. We are confident that our competitive advantages in materials science and deposition technologies, as well as our know-how in digital imaging, will enable us to capitalize on those opportunities and extend our leadership in key growth markets.”