Pays to change
Article Abstract:
The payments processing of most organizationshave not been fully automated. Their payment systems usually take a single-function approach whereby each business region has its own payment preparation and message handling, instead of a payment infrastructure that has a built-in contingency and re-routing capacity across the whole organization. These companies likewise fail to avail of the electronic banking facilities andservices of international banks on a global scale. There is also an inclinationamong these large companies to maintain manual procedures. Organizations attempting to modify their payment and message-handling structures should consider both internal and external factors that may affect the approach they will take in such an initiative. An overview of the actual business undertakings is also required in improving payment systems. Benefits of enhanced systems include consistency in approach, policy and contingency, and flexibility.
Publication Name: The Accountant's Magazine
Subject: Business
ISSN: 0001-4761
Year: 1993
User Contributions:
Comment about this article or add new information about this topic:
Environmental pressures on business - the polluter pays
Article Abstract:
The European Community (EC) has implemented many rules on the environment under the aegis of the Single European Act, which provided a Treaty basis for environmental legislation for the first time. There have been 280 Directives and regulations issued concerning environmental matters, 120 of which address industry and trade and pollution. The European Commission has made enacting further legislation protecting the environment a top priority for the future. In May 1990, the Council of Ministers created the European Environment Agency to collect and analyze data on the environment within the EC. There is a Directive in preparation that will require environmental audits, analyses of the effect of businesses on the environment.
Publication Name: The Accountant's Magazine
Subject: Business
ISSN: 0001-4761
Year: 1991
User Contributions:
Comment about this article or add new information about this topic:
Refreshing change
Article Abstract:
Provend supplies vending machines which are produced by subcontractors. The company leases or sells the machines and also maintains and fills them. The United Kingdom vending machine market is fragmented and this should allow the company to expand through acquisitions and gain from economies of scale. The company's return on sales is 4.5% and Provend aims to increase this to more than 6%. The company is affected by a rising tax charge, but benefits from the strength of its cash flow.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Planning working environment and production by using paper drawings and computer animation. Reading with magnifiers
- Abstracts: Managing public impressions: environmental disclosures in annual reports. The chairman's statement: A content analysis of discretionary narrative disclosures
- Abstracts: Accountability lost?: An environmental struggle over the economic feasibility of incineration. Economic censuses have charted nation's growth since 1810
- Abstracts: Pent up demand marks environmental projects. Central Railway: stopping train
- Abstracts: Working in a moving environment. Working for peanuts