Deutsche Bank has entered a partnership with INTTRA, an e-commerce platform for global shipping companies. Starting in the fourth quarter, Parsippany, N.J.-based INTTRA will allow global shippers and their customers to automate inefficient invoicing processes using Deutsche's electronic invoice presentment and payment (EIPP) service, eBills. There are approximately 150 million invoice transactions a year in the $260 billion ocean container shipping industry, and the average cost per invoice is estimated at $20 to $60. Electronic processing can more than halve that cost, the bank says.
Feeling overwhelmed by the swings in financial markets? Northern Trust has enhanced the graphics capabilities of the Fundamentals Dashboard that it provides to asset managers and institutional investors via Passport, its online data platform. The enhanced graphics will help the bank's clients to absorb large volumes of data and pinpoint anomalies, says Chicago-based Northern Trust.
Sabrix, a San Ramon, Calif., company that provides transaction tax management software, says the new release of its Sabrix Application Suite provides “enhanced tax determination logic” to help companies deal with the 2010 changes in regulations related to the European Union's Value-Added Tax (VAT). The latest release also includes automated rounding rules and improved reporting performance capabilities.
MessageGate, a Bellevue, Wash.-based company that provides email control software and services, has formed a partnership with New York-based 17a-4 LLC, an email compliance consulting company, to provide MessageGate's solutions to 17a-4's clients. MessageGate's archive categorization and policy enforcement solutions can help 17a-4's clients navigate the increasing number of regulations that involve corporate email, including SEC Rule 17a-4, Sarbanes-Oxley, HIPAA and amendments to the Federal Rules of Civil Procedure.
Accuity, a Skokie, Ill., company that provides payment routing data, says it has augmented its repository of national routing codes by adding clearing codes for a number of previously unavailable countries, including Chile, China, India, South Korea, Taiwan and Thailand. The company also says that as a result of its acquisition of CB.Net, a U.K. banking data provider, it has added almost 200,000 standard settlement instructions to its banking database.
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