Expense reports to be thing of past

Original article by Yolanda Redrup
The Australian Financial Review – Page: 3 : 11-Jan-19

SAP Concur has processed $160.4 billion worth of employee expenses in the past 12 months, with the company boasting 44,000 customers in 150 countries. SAP Concur president Mike Ebarhard notes that employee expense reports could soon become a thing of the past as digital invoicing becomes more common. He says Australia is lagging behind other parts of the world when it comes to the adoption of digital invoicing.

CORPORATES
SAP CONCUR, WECHAT, SAP AG

Rio, Alcoa, Apple in green aluminium bid

Original article by Matt Chambers
The Australian – Page: 21 : 11-May-18

Rio Tinto aims to commercialise a new aluminium smelting process that does not generate carbon dioxide emissions within six years. The resources group will develop the Elysis process in partnership with Alcoa and technology giant Apple. Aluminium generates carbon dioxide emissions from both the smelting process itself and the electricity that is consumer in its production. Rio Tinto and Alcoa claim that the Elysis process is the industry’s most significant innovation in more than a century.

CORPORATES
RIO TINTO LIMITED – ASX RIO, ALCOA INCORPORATED, APPLE INCORPORATED

Bitcoins OK for purchase of mansion

Original article by Matthew Cranston
The Australian Financial Review – Page: 3 : 29-Nov-17

The vendor of a home at Mt Macedon in Victoria is happy to accept payment for the property in bitcoin, with the six-bedroom home available at $A2.5 million in "fiat currency terms". Dominic Romeo from Unique Estate, which is selling the property, believes it could start a trend that other vendors around Australia are likely to follow. However, property owner Paul Hosking is not quite so certain, saying that being prepared to accept bitcoin for your home is not something he would recommend without first carefully researching the topic.

CORPORATES
UNIQUE ESTATE, LONDON WALL

BIS warns on risks of digital currency

Original article by Richard Gluyas
The Australian – Page: 20 : 19-Sep-17

The Bank for International Settlements has noted the increased interest in cryptocurrencies like Bitcoin, while observing that such currencies could be issued by central banks. However, it notes that not enough has been done to assess the risks associated with digital currencies, including how resilient cryptocurrencies issued by central banks would be to cyberattacks. Meanwhile, JP Morgan Chase CEO Jamie Dimon has referred to bitcoin as a "fraud", saying that any JP Morgan employee found to be trading in it would be sacked on the spot.

CORPORATES
BANK FOR INTERNATIONAL SETTLEMENTS, JP MORGAN CHASE AND COMPANY

Law firms ‘sleepwalking towards a disaster’

Original article by Marianna Papadakis
The Australian Financial Review – Page: 31 : 17-Jun-16

Law firms should prepare themselves for the challenge posed to them by artificial intelligence. Ted Dwyer, of Dwyer Consulting, says the impact of artificial intelligence will be severe and law firms have only around five years to rearrange their services. Not only junior lawyers but also their older colleagues will be affected, particularly in areas such as electronic discovery, document automation, compliance and contract analysis.

CORPORATES
DWYER CONSULTING PTY LTD, DLA PIPER, IBM CORPORATION, GOOGLE INCORPORATED

Drones, digital tech offer savings for oil firms

Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 26 : 15-Apr-16

Unscheduled downtime at LNG projects is estimated to cost about $US11m per day, according to General Electric. Lorenzo Simonelli, the CEO of the conglomerate’s GE Oil & Gas division, says technology can be utilised to minimise such disruptions. This could include the use of drones to monitor the condition of offshore oil or gas platforms and detect leaks, and the use of predictive analysis to determine the likelihood that oil and gas equipment will break down.

CORPORATES
GENERAL ELECTRIC COMPANY, GE OIL AND GAS, CONOCOPHILLIPS, SIEMENS AG, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, WOODSIDE PETROLEUM LIMITED – ASX WPL