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Red Nose Day - issues not so far away

Friday 15th March, 2013

As Red Nose Day celebrates its 25th anniversary today we thought we'd look at how some of those issues are not so far away as you might think. In fact, some of them may be sitting right now within your supply chain.

US Department of Veterans Affairs mandates e-Invoicing

Thursday 14th March, 2013

It's often been said that the best way to ensure a widespread and rapid take up of e-invoicing is to mandate it - that is, make it compulsory. The benefits of using e-invoicing have been long argued and it seems that the US Department of Veterans Affairs (VA) has been convinced. OB10 has announced today that it has finalised actions to mandate electronic invoice submission from suppliers to the VA Financial Services Center (VAFSC). The transition supports the requirements of the Improper Payment Elimination and Recovery Improvement Act signed by President Obama on January 10, 2013. 

 

Cabinet Office minister's cloud-first policy

Wednesday 13th March, 2013

Cabinet Office Minister Francis Maude is considering a 'cloud first' policy for central government departments. If implemented, the policy would help ensure central government departments consider using cloud computing options first before any new IT spend. A similar policy was adopted in the US in 2010.

Morgan Sindall and Costain sign prompt payment code

Tuesday 12th March, 2013

Costain has added its name to the list of companies that have signed the Prompt Payment Code, committing to pay suppliers on time. It will be joining construction group, Morgan Sindall who also recently signed the code. Despite this positive move for the UK's SMEs, the construction industry is still missing some big names that have yet to sign up.  According to The Construction Index these include Galliford Try, BAM, Vinci, Wates, Amec and ISG.

Director raised £582,475 through false invoices

Monday 11th March, 2013

A director of Wayment Flooring Specialists (WFS) Limited, has been banned from being a director for 11 years by Medway County Court for presenting false invoices to its financing company for work that had not been done.