Tags: procurement

Experian claims fraud costs UK £190 billion per year

Credit service agency Experian has reported that the UK loses over £190 billion per year to fraud. That staggering number comes from its Annual Fraud Indicator 2017 report. £190 billion is equivalent to £10,000 per family. It is more than 9% of the UK’s projected GDP for 2017 ($2,496 (£2,080) billion according to Statistics Times).…

Deltek bids for Onvia as acquisitions continue

Deltek has announced its intent to acquire Onvia (NASDAQ:ONVI). Supported by its immediate parent company Project Diamond Intermediate Holdings, Corp. the acquisition is aimed at strengthening Deltek’s GovWin IQ solution. The acquisition is likely to cost around $70 million with the price offered at $9 a share. Once integrated, the Deltek offering will place give…

ZF renews with SAP cloud solutions

SAP has announced that ZF Friedrichshafen AG (ZF) will implement a suite of SAP cloud applications to replace its legacy SAP systems. The solutions that ZF are planning to implement include SAP S/4HANA, the SAP BW/4HANA solution and SAP SuccessFactors. The news comes in the same week that clothing manufacturer Superior Uniform Group opted not…

SAP S/4HANA update released

SAP has announced its third release of the year for SAP S/4HANA Cloud with 1708. It is packed with updates for both different industries and geographies. The initial press release focused on areas such as finance and procurement, manufacturing, professional services as well as the geographical updates. Digging into the details of the release though…

Blockchain to secure pharmaceutical procurement

IBM and Sichan Hejia Co Ltd (Hejia) have launched a blockchain-based platform for pharmaceutical procurement. Known as the Yijian Blockchain Technology Application System it is a permissioned blockchain platform built on the Hyperledger Fabric. This will allow suppliers to get paid faster by providing greater visibility into the supply chain. According to Mr Leng Tianhui, Board…

SAP Ariba adopts blockchain

SAP Ariba has announced it is to adopt blockchain technology across several parts of its business. It has started by becoming a member of the Linux Foundation Hyperledger Project. It is not going to build its own applications to begin with. Instead it has announced it will partner with Everledger, a London-based Fintech company. Everledger…

SAP brings Spot Buy to ANZ region

SAP Ariba has announced that it is bringing Spot Buy to New Zealand and Australia. The announcement comes just before SAP Ariba Live begins in Las Vegas on March 20. Further announcements will no doubt be made at the annual event. The advantages of Spot Buy Spot Buy is a component of Guided Buying SAP Ariba…

Telefonica Smart steps into China

China Unicom and Telefónica have announced a new joint venture that further builds on their 2009 strategic alliance. The new company will leverage the Telefonica Big Data and Smart Steps technology to deliver its services across China using the China Unicom network. China Unicom will retain a 55% ownership of “Smart Steps Digital Technology Company…