The current economic climate is forcing companies to pursue lean operations as strongly as ever. It’s a message that we hear at SunGard, and that you may hear from your employer as well. Lean operations are driven by the understanding that only the most efficient organizations survive.
ReadSoft, a provider of document process automation solutions, announced today that its market-leading FORMS solution is being jointly marketed and delivered to IBM SPSS customers in conjunction with PreferredPartner, an IBM Premier Business Partner specializing in IBM software solutions and IT services.
TradeCard Inc., the supply chain collaboration platform used by more than 10,000 retailers, brands, manufacturers and service providers, recently reported that it grew by 36% in 2011. TradeCard attributes this increase to its cloud-based platform for end-to-end supply chain visibility.
Corcentric, a provider of Internet Parts Ordering (IPO) solutions for the automotive industry, recently announced they have added Dorman Products to their growing list of suppliers. Dorman is a supplier of dealer “exclusive” automotive replacement parts, automotive hardware, brake products, and household hardware to the automotive aftermarket and mass merchandise markets.
When PayStream posed the question, where’s the craziest place you’ve found a missing invoice to leading Account Payable industry representatives, we found some of the answers quite shocking and comical. However, it wouldn’t take Sherlock Holmes to solve the case of the missing invoice, if these companies had implemented e-invoice technology.
PayStream subscriber Basware, a provider of purchase-to-pay solutions, and Billentis, an independent e-invoicing firm, estimate that the number of B2B e-invoices sent globally rose by 20 percent in 2011, with large markets such as Germany, Mexico and France accelerating the adoption curve.
By Mike Duffy, president, Chase Paymentech
Expectations ran high for the 2011 holiday shopping season. Statistics from the U.S. Department of Commerce showed ecommerce sales for the first three quarters were up over 17 percent versus 2010. Forrester Research issued a forecast predicting 15 percent growth for ecommerce during the holiday season. Federal Express announced plans to hire 20,000 seasonal workers to handle an anticipated 10 percent increase in package volume.
Syncada from Visa, a PayStream subscriber, announced today that its global financial supply chain network processed more than $21 billion in payments during 2011, a substantial increase from 2010 and a record in annual payments for the company.
It’s always terrific to witness a client’s success. Coupa Software, a PayStream subscriber, is a leading provider of innovative cloud spend optimization software that enables customers to reduce expenses and maximize profitability. Today, they announced record-breaking sales, customer acquisitions and usage for fiscal year 2011.
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