Category Archives: Finance

Brexit To Save CIty £12 Billion A Year In Slashig EU Red Tape

By ECM Plus Staff

Britain’s financial services sector will gain an extra £12 billion a year in revenues as a result of the nation taking back control of regulation when it leaves the EU, according to a new report.

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Filed under Accounting, Brexit, Business Continuity, Business Risk, Corporate Governance, Corporate Social Responsibility (CSR), Finance, GRC (Governance, Risk & Compliance), Internal Controls, Regulatory Compliance, Risk Analysis, Risk Assessment, Risk Management

Big Corporates Choking SMEs With Late Payment – Survey

234 of 365- On hold after dealing with automat...

On hold after dealing with automated system (Photo credit: Pahz)

Late payments debt high enough to put UK SMEs out of business

By ECM Plus staff

ECM Plus /London/ +++ As the number of British small and medium-sized businesses facing late payments reaches more than a million – with a total aggregated outstanding debt of almost £36.4 billion, many SMEs are in danger of going under.

That’s the startling finding according to new research undertaken for payment specialists BACS.

According to the shocking findings, nationally, the average amount owed to one of Britain’s SMEs is £36,000 – yet 35 percent of SMEs reported that late payment debts of up to just £20,000 would be enough to put them out of business, in a survey by BACS Payment Schemes, the company the runs the Direct Debit system. Continue reading

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Filed under Analysis, Asset management, Business Continuity, Business Risk, Contingency Planning, Corporate Social Responsibility (CSR), Finance, GRC (Governance, Risk & Compliance), Risk Analysis, Risk Assessment, Risk Management

Euro crisis to last a decade – Farage

Nigel Farage with Members of the University of...

Nigel Farage with Members of the University of York Freedom Association Society (Photo credit: The Freedom Association)

Currency crisis to bring ‘creeping European dictatorship’

ECM Plus /London/ +++ Businesses trying to plan investment for the future and commerce with increasing mountains of bureaucratic ‘jobsworth’ red tape, compliance, regulations and directives from across the sea had a wake up call this week.

Responding to the ‘State of the Union’ speech by Eurocrat Manuel Barroso, UKIP leader Nigel Farage said Barroso had “totally underestimated the complete fanaticism, Mr Barroso of you, your college of commissioners and the European central bank.” Continue reading

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Filed under Business Risk, Collaboration, Compliance, Finance, GRC (Governance, Risk & Compliance), Industry News, Policy Management, Risk Analysis, Risk Assessment, Risk Management, Trade & Investment

Businesses boot out banks as ‘trust’ collapses

Cleaning up JPMorganChase

(Photo credit: Truthout.org)

Survey finds SMEs divorcing bank managers

By ECM Plus staff

ECM Plus /London/ +++ Bank managers are being ditched and divorced, as accountants, lawyers and finance directors become the most trusted financial advisers, according to new research into small to medium-sized enterprises.

The new research of 1,000 British small to medium-sized companies by Hitachi Capital Invoice Finance looked at SMEs attitudes and how they really felt about who they trust to keep their business on track. Continue reading

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Filed under Accounting, Analysis, Asset management, Balanced Scorecard, Beyond Budgeting, Budgeting, Business Continuity, Business Risk, Capital Management, Contingency Planning, Finance, Legal, Planning & Forecasting, Private Finance, Risk Analysis, Risk Management, Six Sigma, Trade & Investment

Finance reports ‘out of date’ and ‘inaccurate’ – survey

Stack 'em high

Stack ’em high (Photo credit: ant.photos)

46 per cent of finance departments believe reports they produce are never used

By ECM Plus staff

ECM Plus /London/ +++ Nearly half of managers and directors view reports produced by someone else no more than once per week. An alarming 46 per cent of finance professionals believe that they produce reports that are never used and 63 per cent believe that senior managers should make more use of financial information. Continue reading

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Filed under Analysis, Balanced Scorecard, Beyond Budgeting, Budgeting, Consultancy/Consulting/Systems Integration, Document asset management, Document Automation, Document Management, Finance, Forms management, processing, eForms, Governance Automation, GRC (Governance, Risk & Compliance), Output management, Planning & Forecasting, Records Management, Reporting, Six Sigma

Big bank insider exposes $20bn UBS tax evasion, awarded $104m

National Whistleblowers Center – www.whistleblowers.org

Whistleblower bags massive $104 million reward for foiling bankster scam

By ECM Plus staff

ECM Plus /Washington, D.C./ +++ Former UBS banker Bradley Birkenfeld has won a massive whistleblower reward of $104 million for his contributions in providing the U.S. Government with insider information on UBS’ illegal offshore banking scheme.

According to the National Whistleblowers Center, this is believed to be the largest reward ever given to an individual whistleblower in the United States and the first major reward issued under the IRS tax whistleblower law. Continue reading

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Filed under Accounting, Asset management, Business Intelligence (BI), Business Rules, Capital Management, Compliance, Corporate Civic Responsibility (CCR), Corporate Governance, Corporate Social Responsibility (CSR), Document Management, eDiscovery, Electronic Document Management & Delivery, Finance, GRC (Governance, Risk & Compliance), Industry News, Information Governance, Information Management, Internal Controls, Investor Relationship Management, Legal, Policy Management, Private Finance, Private Wealth, Records & Information Management (RIM), Regulatory Compliance, Reporting, Risk Analysis, Risk Assessment, Risk Management, Segregation of Duties (SoD), Trade & Investment, Wealth Management

Good acquires Copiun in collaboration move

Copiun - Conference Bag Sponsor

Copiun acquired by Good Technology. Photo: Enterprise 2.0 Conference

Good Technology signs agreement to acquire Copiun

By ECM Plus staff

ECM Plus /London/ +++ Good Technology has acquired Copiun Inc., a privately-held company specialising in secure mobile collaboration.

According to the company, Copiun’s products enable mobile users to access file shares, SharePoint or other document stores from anywhere without a VPN connection or firewall reconfiguration. Continue reading

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Filed under Collaboration, Document Management, Finance, Industry News, Mergers & Acquisitions (M&A), SharePoint, Software

Business crowdfunding to boost economy

panorama of sheffield - south yorkshire

Sheffield to play host to crowdfunding event. Photo: Paolo Margari

British business owners become their own financiers, set to make banksters obsolete 

By ECM Plus staff

ECM Plus /London/ +++ So fed up are British business owners with the bankster establishment, their disinterest in lending or supporting the economy that a group of British entrepreneurs, dissatisfied with ‘business-as-usual’, have come together to ‘tear up the rulebook’  and ‘cutting out the middle-men’. Continue reading

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Filed under Accounting, AIM - Alternative Investment Management, Asset management, Brand asset management, Budgeting, Business Risk, Capital Management, Crowd-funding, Equity Capital Markets, Finance, GRC (Governance, Risk & Compliance), Industry News, Investor Relationship Management, Planning & Forecasting, Private Finance, Private Wealth, Risk Management, Trade & Investment, Wealth Management

British exports to ROW exceed EU

Containerization

Trade exports to ROW now exceeds EU. Photo: Kaveri & Sameer

Trade figures find exports to ROW nations exceed European Union member states for the first time in 40 years as Europe ‘turns inward’.

By Alison Little

BRITAIN sent a defiant message to Europe yesterday after it emerged our trade is booming with the rest of the world. Continue reading

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Filed under Accounting, Analysis, Budgeting, Business Risk, Capital Management, Finance, Information Management, Private Finance, Private Wealth, Risk Analysis, Risk Management, Trade & Investment, Wealth Management

Yuan trade prospects good for Britain

Photograph of Brittania statue, taken 13th Jun...

Britannia on Plymouth Hoe

Hong Kong and England exchange would be good for future British prosperity as euro collapses

By PAUL QUIGLEY

ECM Plus +++ As Europe collapses under the strain of its top-heavy, over-debtedness and uber-bureaucratised idealism, the prospects for Britain are looking infinitely brighter in the light of recent exchange trade talks with the world’s second-largest economy, China.

Reports that the current British chancellor Osbourne is glad-handing the Chinese in the former British colony of Hong Kong comes as a welcome refrain for Britain’s social and economic prosperity, following the disintegration of the euro now taking place across the continent. Continue reading

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Filed under Accounting, AIM - Alternative Investment Management, Analysis, Analytics & Metrics, Asset management, Capital Management, Corporate Social Responsibility (CSR), Equity Capital Markets, Finance, GRC (Governance, Risk & Compliance), Private Finance, Private Wealth, Reporting, Wealth Management

Axe gods grab hi-fi firm in high-end audio expansion

English: Downtown Nashville

Nashville, Tennessee, home of Gibson Guitars

Gibson acquires stake in Onkyo Japan and majority interest in Onkyo USA

By ECM Plus staff

ECM Plus +++ American musical instrument manufacturer Gibson Guitar has just inked a strategic partnership with Onkyo Corporation, the Japanese audio specialist.

According to the Nashville firm, Onkyo will give Gibson’s newly-formed pro audio division substantial technology resources. Continue reading

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Filed under Asset management, Capital Management, Content Creation, Digital Media Management (DMM), Enterprise Resource Planning (ERP), Equity Capital Markets, Finance, Industry News, Marketing asset management, Media asset management

Crowd-funding entreprenuers get on their bikes and ride

On yer bike! Peoplefund.it

Hugh Fearnley-Whittingstall presents cheque for £40,290 to The Bicycle Academy, thanks to Peoplefund.it

By ECM Plus staff

ECM Plus +++ Broadcaster and food writer Hugh Fearnley Whittingstall has presented a cheque for £40,290 to Andrew Denham of The Bicycle Academy, at River Cottage HQ, in Axminster.

The money was raised in an amazing 6 days, through website Peoplefund.it and is thought to be the fastest ‘crowd-funded’ enterprise in Britain. Continue reading

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Filed under Accounting, AIM - Alternative Investment Management, Asset management, Capital Management, Crowd-funding, Equity Capital Markets, Finance, Private Finance, Private Wealth, Wealth Management