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Supply Chain Services

FICO Solution for Identifying Procurement Fraud, Waste and Abuse Now on Amazon Web Services (AWS)

Advanced analytics in FICO® Falcon® Assurance Manager monitor 100% of procurement and T&E expenses to eliminate maverick spend and support financial assurance FICO® Falcon® Assurance Navigator is now available on AWS. FICO® Falcon® Assurance Navigator applies advanced analytics to monitor the entire procure-to-pay lifecycle across procurement, T&E expenses, and purchasing/travel cards, as well as suspicious vendor behavior. At its FICO® World 2018 conference in Miami ... Read More »

Blockchain Solution to Prevent Trade Finance Fraud Goes Live in India

A financing platform in India has launched a blockchain-based solution to help prevent fraudulent double financing of invoices.  The solution allows private companies to exchange information about invoices uploaded to their marketplaces, in order to ensure the invoices are not financed multiple times. There are three companies involved: RXIL, ATReDS, and MYND Solutions, each of which is licensed to work ... Read More »

Chinese Government Institute Launches Blockchain for Authentication

A Chinese government-led research body has rolled out a blockchain-as-a-service (BaaS) platform for identity and supply-chain tracking. Dubbed the Blockchain Registry Open Platform (BROP), the system, developed by China Banknote Blockchain Technology Research Institute, was officially launched at a financial technology summit in Hangzhou on Monday, according to Securities Times.  While China’s internet giants Tencent, Baidu and JD.com have already launched their ... Read More »

Panjiva Joins Forces with S&P Global Market Intelligence

We are very proud to announce that Panjiva is now part of a company that we have long admired: S&P Global. We’re writing today to thank you for being our partners in building Panjiva and to share why we’re so excited for you to join us in the next step on our journey. Panjiva’s Journey Over a decade ago, we set out to ... Read More »

Thomas Launches Version 4.0 of Its Product Sourcing and Supplier Selection Platform at Thomasnet.com®

New features and actionable information support the workflow of today’s industrial buyers and suppliers Thomas, the leading provider of product sourcing and supplier selection resources for industry, has announced the launch of version 4.0 of its Thomasnet.com platform. The release marks 120 years to the day since the company’s founding in 1898. The release of version 4.0 of the Thomas ... Read More »

The Dirty Little Secret of e-Procurement

Basware  tells you a dirty little secret about e-procurement: you have to build it for the end users – not the procurement department. As Basware tells us you have a classic procurement problem…maverick spend, ridiculous number of suppliers, you put together great contracts that nobody actually buys from, SOX compliance risks, you name it. It’s basically a free-for-all. But this isn’t your first ... Read More »

Verisk and 7PSolutions in Partnership to Combat Cargo Theft

CargoNet, a Verisk (Nasdaq:VRSK) business and the nation’s leader in cargo theft recovery, intelligence, and analytics, and 7PSolutions (7P), a global leader in GPS supply chain management tools, jointly announced today that they will work together to aid mutual clients in reducing cargo theft and recovering stolen cargo. This alliance will benefit the two organizations’ customers by providing access to ... Read More »

Basware to Offer Data Validation against Dun & Bradstreet Global Business Database

Global data enables organizations in the Basware Network to easily validate and enrich their supplier data Basware, a global leader in networked source-to-pay solutions, e-invoicing and innovative financing services solutions, has signed a global partnership agreement with Bisnode, a Dun & Bradstreet Worldwide Network member.  Together the partners will leverage Dun & Bradstreet data to provide new business intelligence insights ... Read More »

Blockchain is “no longer in proof of concept” phase

Blockchain is “no longer in proof of concept” phase says Global Trade Review As 2017 draws to a close, there are signs that we are moving beyond the proof of concept era for blockchain technology In the past days, a number of trade and non-trade-related blockchain programmes have gone live, showing the functionality of the technology and feeding the widely-held ... Read More »

Verisk’s CargoNet Business Launches RouteSearch

Verisk Analytics (Nasdaq:VRSK), a leading data analytics provider, announced that its CargoNet® business released a significant upgrade to its proprietary database of supply chain cargo crime and fraud prevention information. RouteSearch, a new tool immediately available to CargoNet members, improves users’ ability to prevent cargo theft with customized route mapping that identifies potential risk to reduce exposure to theft losses. For ... Read More »

Historical and Future Trends in Accounts Payable (AP)

To understand where Accounts Payable (AP) is headed, it’s worth a backwards glance to remind ourselves where we’ve come from. Jimmy LeFever, Research Director at PayStream Advisors, gave an inspiring presentation at last year’s UK Basware Connect event in that showed the delta of change in the last decade, and how. 2006: The Manual Era Back in 2006, the emphasis ... Read More »

Cyber Threat: 71% of SMEs Unprepared for Cyber Risks

Small and medium sized businesses increasingly feel that they’re vulnerable to cyber threats but most aren’t prepared to meet them. A new survey from endpoint security specialist Webroot finds that 96 percent of businesses with 100 to 499 employees in the US, UK and Australia believe their organizations will be susceptible to external cybersecurity threats in 2017. But although they recognize the ... Read More »

Alibaba Is Taking On Alexa, Google Home, DingDong and Little Fish with New Smart Speaker

In its latest effort to keep up with its American big brother Amazon, Alibaba has announced the debut of its own smart home speaker. With this addition, each of the Frightful Five will have its own voice-controlled speaker:  Amazon with its Echo family of devices; Google with the Home speaker; Apple with its new HomePod; Microsoft with the Cortana-powered Invoke ... Read More »

Dun & Bradstreet Teams Up with Microsoft to Reimagine the Power of Data in the Cloud

Dun & Bradstreet is teaming up with Microsoft Corp. to give companies worldwide direct access to its data through Microsoft’s cloud services. Together the companies announced the following: Dun & Bradstreet has selected Microsoft as a strategic cloud provider to accelerate the company’s digital transformation and deliver its customers more efficient and seamless access to its commercial data. Dun & ... Read More »

Alibaba to Bring US Businesses Online to China

Riding on the coattails of its first annual conference in Detroit aimed at connecting U.S. businesses with Chinese consumers, Alibaba Group has launched a new website to support the effort. Dubbed the Taobao Global U.S. Merchants Network, the company said it will provide small and medium-size businesses in the U.S. with access to more than 500 million consumers that are ... Read More »

Supply Chain Risk: Just 22% of Companies Address Child Labour in Supply Chain

Only 22% of companies are addressing child labour concerns in the supply chain, while only 23% are actively tackling climate change. The results of a new survey of business executives makes for sobering reading, given that there are more than 150 million children engaged in child labour around the world, and that scientists are predicting environmental Armageddon if carbon reduction ... Read More »