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Supply Chain Services

Blockchain Application: Alibaba to Improve Supply Chain Integrity

Alibaba has launched a blockchain technology initiative to protect product authenticity and improve its supply chain integrity. The Food Trust Framework is a Tmall Global initiative which aims to enhance consumer confidence and create trust and transparency for cross-border trade across Alibaba’s Tmall Global platform. The initiative will incorporate standards and controls including product tagging with unique QR codes and ... Read More »

Blockchain: Alibaba Launches Pilot Project to Fight Food Fraud

Alibaba is partnering with four Australian and New Zealand-based firms to create a food-tracing system built on blockchain technology that will help customers track the supply chain of foodstuffs ordered online, as well as prevent food fraud. The system, called the Food Trust Framework, was established last year through a Memorandum of Understanding (MoU) with Australian companies Blackmores and Australia Post and New Zealand-based ... Read More »

Tinubu Square Launches Innovation Lab

Tinubu Square launches Innovation Lab, focusing on technologies & innovation for insurance and the trade finance industry Tinubu Square, the industry leader in trade credit, surety and trade finance solutions, is proud to announce the launch of its ‘Innovation LAB’, focusing on blockchain, advanced integration and deep analytics for insurance and banking industry applications. The Innovation LAB has been created ... Read More »

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 »