ReadSoft UK

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Opportunities for the banking industry to boost business

Opportunities for the banking industry to boost business

E-invoicing is an extremely useful service that has had a slower than expected uptake within the EU. For a large international economy like the EU, e-invoicing has huge potential benefits for the SME community. SMEs that are looking to extend their reach can utilise e-invoicing processes to conduct business in other countries safely and efficiently, without suffering an increase in administration…

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ReadSoft at Accountex

Today ReadSoft will be at Accountex, the UK’s only national exhibition and conference for accountants and finance directors working in practice, business and the public sector. You can find us at stand A42.

We will be talking to people in the accountancy industry about ReadSoft Online, our automated accounts payable software platform that can vastly improve the efficiency of any organisations…

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Making payments pay for small business

An interesting piece of research from independent payment provider Sage Pay suggests that the cost to small and medium sized business of handling cash is more than £3,600 per year.

The retail sector is notoriously competitive, so the news that cash comes at a significant cost, combined with another finding in the report, namely that 31% of consumers say that they are more likely to shop in…

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Mortgage application changes will impact lending companies as well

From Saturday 26th April 2014, getting a mortgage in the UK became more difficult. This has been reported widely in the media, particularly the additional responsibilities that will fall on those applying for mortgages.

The background to the changes is simple. Previously banks decided on mortgage applications by focussing on income and making a decision on affordability based on this. New Financi…

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Bypassing the Heartbleed Bug

Bypassing the Heartbleed Bug

Google researcher Neel Mehta and Finnish Unknown Vulnerability Management Company Codenomicon have recently discovered a flaw in the web-based encryption technology Secure-Socket-Layer (SSL) and Transport-Layer-Security (TLS). Codenomicon has ominously named it the ‘Heartbleed Bug’and it seems to be as serious as it sounds. The technology is used to encrypt personal data such as passwords and…

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It’s not what you spend it’s how you spend it

Finextra recently reported that IT will be the top spending priority for the financial services industry in the UK during 2014. The site suggested that the investment would be driven by factors such as the increasing competition from peer-to-peer lending and crowd-funding – fundamentally digital platforms that have become popular as the credit crunch significantly reduced bank lending to business.

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Driving automation into the BPO

The modern BPO faces new challenges that the industry has not had to deal with to date.

Traditionally BPOs flourished by offering increased flexibility and reduced costs to businesses that wished to outsource their business processes. The trade-off for businesses was the risk of a compromise in security or privacy. BPOs could chase lower labour rates around the world to deliver outsourcing at a…

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Business Finance Awards 2014 demonstrate innovation of finance teams

Business Finance Awards 2014 demonstrate innovation of finance teams

The Business Finance Awards is the leading awards event for UK Finance Directors, their teams, and their suppliers. Run by Financial Director magazine the awards recognise individuals, teams and businesses that have demonstrated success and innovation over the last 12 months.

Held at the Royal Garden Hotel in London on 12th March, the awards were a celebration of the role that finance plays in UK…

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Demands for speedy flood insurance settlements may fall on deaf ears

The continuing adverse weather conditions in the UK since December has led to demands for speedier settlements of claims and a response from the insurance industry that they are already paying out millions in emergency settlements.  This is probably true, but when the waters subside, there will still be much that the industry can do to improve the way they handle future crises.

First of all,…

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Majority of austerity is still to come - how the public sector can respond

According to a Guardian article, quoting the Institute for Fiscal Studies, the UK is to date less…

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Cutting red tape for small business

On the 27th Jan the Prime Minister announced a range of measures aimed at reducing the amount of…

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South East Business Show 2014

It’s fair to say we are back in action again, The ReadSoft UK team were at the South East Business…

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Risky Business – ‘Top’ UK companies’ poor finance efficiency leaves them gambling with future stability

‘Top performing’ UK businesses operate under threat of debts which makes them risky trading…

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Shared Services Forum UK launches ‘Big Share Week’

Big Share Week’ kindly supported by ReadSoft takes place from 25th to 29thNovember 2013…

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Adding value to SAP Order-to-Cash processes

For the majority of companies, an efficient Order-to-Cash (O2C) process – with minimal workflow and…

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Kind words, not big sticks - encouraging a move to e-invoicing in SAP

The majority of organisations running SAP could benefit from adopting e-invoicingdelivery of…

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Inefficient financial process management drives late payments and costs UK businesses billions

Managing cash flow is an issue for all companies, regardless of size, but larger firms will often…

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