Recent financial scandals have raised awareness of the need for increased visibility into what is happening within enterprises, said Brian Gregory, Oracle’s director of enterprise resource planning marketing.”But it is not just about unethical practices, but controlling businesses,” he said.Oracle has updated its Financials Intelligence module to include portal technology, and online analytical processing-based business intelligence, said Gregory.”This allows users to get instant access to the most up-to-date information on transactions,” he added.Customers who have already purchased earlier versions of Financials Intelligence will be able to upgrade to the new portal version free of charge.Oracle has also added a risk management module to its financial software. Treasury Risk Management is aimed at firms that have taken out loans in different currencies, and need to track fluctuations in exchange rates and interest rates. The Treasury Risk Management module is available free of charge to existing licensed customers of the Treasury module.
The drive towards a fully digital tax regime is an admirable one, but mandation is simply wrong, according to one of the UK's most senior tax technology practitioners - Paul Aplin
Barclays has partnered with accounting software company Xero to provide businesses with access to transaction data through its direct feed.
Government's estimate of a £400m admin saving from Making Tax Digital is way off - and is instead a huge cost burden, warns Lamont Pridmore chief executive Graham Lamont
Xero unveiled its expanded global partner programme at Xerocon South, the accounting technology conference in Australasia