Spend Matters Afternoon Coffee

Basware acquires German e-Invoice network operator -- Basware Corporation has on January 17, 2012 agreed to acquire the entire share capital of First Businesspost GmbH ('1stbp'). The acquisition price amounts to approximately EUR 12.2 million. Debt free price is approximately EUR 9.0 million in addition to which Basware takes over approximately EUR 3.2 million of parent company loans in the company. The acquisition price will be paid in cash in connection with the closing of the acquisition. Twenty (20) percent of the debt free price will be paid to an escrow account. The escrow agreement is in place until the end of January 2013.

Get ready...
Big Tokyo earthquake likely 'within the next few years' -- A big earthquake is much more likely to hit the Japanese capital, Tokyo, in the next few years than the government has predicted, researchers say. The team, from the University of Tokyo, said there was a 75% probability that a magnitude 7 quake would strike the region in the next four years.

Cameras May Open Up the Board Room to Hackers -- One afternoon this month, a hacker took a tour of a dozen conference rooms around the globe via equipment that most every company has in those rooms; videoconferencing equipment. With the move of a mouse, he steered a camera around each room, occasionally zooming in with such precision that he could discern grooves in the wood and paint flecks on the wall. In one room, he zoomed out through a window, across a parking lot and into shrubbery some 50 yards away where a small animal could be seen burrowing underneath a bush. With such equipment, the hacker could have easily eavesdropped on privileged attorney-client conversations or read trade secrets on a report lying on the conference room table.

Extended roles of CFOs.
An Outsourcing Framework for Transforming CFOs -- Today's chief financial officers (CFOs) essay many roles far beyond the finance and accounting (F&A) function. They act as custodians, strategists and "partners" to their business. As a good business partner, CFOs work outside their F&A silo and, in effect, span the organization as facilitators and catalysts to enable the achievement of business goals.

- Sheena Moore

First Voice

  1. UGS Blog:

    I sure hope an earthquake doesn’t hit Tokyo. Even though the science is there, I just hope it ends up being way wrong. Japan’a industry can only survive so many of these natural disasters.

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