Fraud is a serious risk that companies face in this complex global business environment. A 2008 study has shown, nearly 1/3 of companies had experienced a fraud in relation to payments. Switching to an EFT solution such as B4B, which includes PGP (Pretty Good Privacy) Encryption as an option as appose to relying on cheques and manual payment processes can provide reassurance, better security and complete knowledge of payments being made.
The progression of advanced systems and operational intelligence over the years has lead to businesses/organisations having the ability to use data in a proactive way so that problems can be identified immediately. Data analytics and sensor information can identified the problem immediately with enhanced process management controls preventing the problem occurring at all. In the modern world, It has become the new ‘normal’ to to respond to everyday activities exceptionally.
Research shows the cheque/check will be non-existent in the next decade although the US is holding on quite strongly. EFT is becoming the method of payment most countries are currently using, particularly the UK.
Mobile connectivity has suddenly stepped away from the early social network and email adopters to become commonplace. The big jump is the fact that it is no longer the social animals driving the moves forward. Businesses are rapidly taking up the drive for mobility.
Having spent seemingly endless hours answering procurement RFIs over the years, I found myself working on something last night, when I had a moment of déjà vu.
Microsoft SharePoint is ubiquitous these days. By hook or by crook, with planning or subterfuge it has found its way on to the corporate servers of many, many organisations around the world. Over the...