Basware, a provider of electronic invoicing and purchase-to-pay technology, has released several new products.

As private equity has expanded over the last 20 years, being able to make a profit from companies has become more difficult. Gone are the days when a good purchase price, a touch of financial engineering and finding a bigger buyer were all it took to make a profit.

The credit squeeze resulting from the recession put the focus firmly on supply chain finance as major corporations got to grips with the fact that some of their suppliers were struggling to finance their activities.

Businesses today are just as committed to cost reduction as they were in the depths of the global recession. The main difference now is that many are focused on cost-cutting as a way to drive growth, rather than as a way to survive or avoid insolvency. This was one of the key findings from Deloitte's third biennial cost survey of companies in the Fortune 1000.

UHC announced that its member academic medical centers achieved record supply chain savings and value of $400m in 2012. The saving amount represents five percent of UHC members' record aggregated spend of $8.1bn and includes cash returns as well as operational savings.

PrimeRevenue Inc. has introduced SCiDraft, a tool for managing electronic time drafts on the vendor's OpenSCi platform for supply-chain finance (SCF).

PrimeRevenue Inc., creator of a hosted platform for global supply-chain finance, has released version 5.5 of its OpenSCi SCiSupplier platform.

PrimeRevenue Incorporated, a provider of a SaaS platform for global supply chain finance, announced the release of version 5.5 of its OpenSCi SCiSupplier platform.

PrimeRevenue, provider of a platform for supply-chain finance delivered under a software-as-a-service (SaaS) model, has expanded operations in two locations, in addition to releasing version 5.4.3. of its OpenSci SCF platform.