Financial applications
Find news stories, analysis and case studies to help you best leverage financial applications to drive forward business and corporate strategies. Stay abreast of new financial applications developments, and get expert advice on how to evaluate corporate performance management (CPM) software, and manage corporate performance management systems. Learn how to best use software to improve financial management processes such as forecasting, planning and budgeting. And read about how to use financial analytics software to create performance dashboards to aid decision-making.
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News
19 Nov 2024
Subpostmasters hit by Post Office scandal plan to meet over 'nuclear option'
Members of campaign group Justice for Subpostmasters Alliance will discuss taking legal action in their pursuit of full, fair and final financial redress Continue Reading
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News
18 Nov 2024
Post Office IT boss calls for subpostmasters to judge him on his actions
Recently installed Post Office chief transformation officer tasked with replacing controversial IT system tells Computer Weekly the organisation’s leadership understands the challenges ahead Continue Reading
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News
26 Apr 2024
Post Office scheme was a ‘charade’ that never intended for large compensation pay-outs
The Post Office established a scheme to compensate subpostmasters affected by tech faults, but it was just a ‘charade’, says Public Inquiry KC Continue Reading
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News
26 Apr 2024
Post Office ‘lied’ to subpostmasters when forced to meet them, says former federation representative
Post Office executives were forced to meet subpostmasters to discuss an unexplained error in their branch, then misled the branch managers over remote access Continue Reading
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Podcast
25 Apr 2024
Podcast: How to prepare your data for digital transformation
We talk to Chris Gorton, EMEA managing director at Syniti, about how to prepare data for digital transformation Continue Reading
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News
23 Apr 2024
Post Office boss used husband’s descriptions in 'Orwellian' ploy to downplay Horizon problems
Post Office CEO sought advice from husband on what words to use in reports to downplay known errors in software, inquiry told. Continue Reading
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News
22 Apr 2024
Post Office lawyer was a jack of all trades, but failed his own
Post Office IT scandal inquiry hears how a lawyer was at the centre of the Post Office’s attempts to prevent problems with its IT system becoming public knowledge Continue Reading
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News
19 Apr 2024
Unisys reveals no link to development of controversial Post Office software
IT supplier finds no evidence that it was involved in the development of controversial Post Office software Continue Reading
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News
16 Apr 2024
Post Office boss signed off hush money to cover up smoking gun
A former Post Office boss admitted the pain and suffering of subpostmasters could have been avoided had the organisation done the right thing Continue Reading
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News
16 Apr 2024
CW Innovation Awards: Gleaning data insights with AI
Hong Kong-based Citic Telecom CPC has built a data platform that leverages large language models to generate insights and speed up data retrieval and analysis Continue Reading
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News
10 Apr 2024
Salesforce helps customers establish bug bounty programmes
Salesforce has added new learning content to its Trailhead platform designed to help customers develop their own bug bounty programmes Continue Reading
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News
09 Apr 2024
Civil servants more to blame for Post Office cover-up than ministers, says Alan Bates
Campaigning former subpostmaster believes the civil service has more to answer for than ministers in the Post Office Horizon scandal Continue Reading
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News
08 Apr 2024
Some former Post Office staff should be jailed over scandal, says government minister
Government minister outlines the real prospect that people will be jailed for their roles in the Post Office Horizon scandal Continue Reading
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News
08 Apr 2024
MPs will grill Cabinet Office over Fujitsu contract bidding pause
Parliamentary select committees have their eyes trained on Fujitsu’s response to the Post Office Horizon scandal, with its pause on bidding for contracts under scrutiny Continue Reading
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News
04 Apr 2024
Fujitsu should stop bending rules, stop bidding and pay up, says MP
MP Liam Byrne calls on Fujitsu to put actions behind the promises it made to MPs, victims of the Post Office scandal and UK taxpayers Continue Reading
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News
03 Apr 2024
Fujitsu staff instructed how to bid for government contracts during self-imposed ban
Leak reveals how Fujitsu advises staff to approach UK government customers during its self-imposed bidding pause, as well as details of a multimillion-pound project to protect its reputation Continue Reading
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News
28 Mar 2024
Remote access is the Post Office’s known unknown
Calls for criminal investigation after covert recordings are latest evidence to reveal extent of Post Office knowledge of remote access to subpostmaster accounts Continue Reading
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News
26 Mar 2024
How SAP is infusing AI into its business applications
SAP’s chief artificial intelligence officer, Philipp Herzig, outlines the company’s approach towards AI and how it is making the technology more accessible to customers Continue Reading
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News
22 Mar 2024
Post Office Capture users’ campaign for justice gathers pace
The government is taking Post Office Capture allegations seriously as former subpostmasters seek answers Continue Reading
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News
15 Mar 2024
Controversial Post Office Capture software was completely rewritten in 1994
MP demands that the Post Office put effort into fully explaining the development and use of error-prone software used before Horizon in the 1990s Continue Reading
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News
14 Mar 2024
MPs will attempt to amend law on overturning Post Office scandal convictions
Business and trade select committee chair says the job is not done with legislation to overturn wrongful subpostmaster convictions and provide financial redress Continue Reading
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News
13 Mar 2024
Unprecedented bill to exonerate hundreds of wrongly convicted Post Office workers arrives
Unprecedented legislation that will see hundreds of former subpostmaster convictions for fraud and theft overturned begins its journey through Parliament Continue Reading
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News
12 Mar 2024
Nationwide IT infrastructure poised to absorb Virgin Money
A Nationwide takeover of Virgin Money will be the biggest financial services acquisition since 2008, but what about the IT challenges and opportunities that go with it? Continue Reading
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News
12 Mar 2024
Current subpostmaster account shortfalls reveal extent of Post Office’s pre-2019 neglect
Hundreds of current subpostmasters might have been hounded for money or prosecuted had the Post Office not been forced to change its ways in 2019 Continue Reading
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News
11 Mar 2024
How Microsoft is easing GenAI adoption into financial services
Microsoft is supporting enterprise deployment models, addressing the risks of the technology and leveraging its industry cloud capabilities to ease generative AI adoption in the financial sector Continue Reading
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News
06 Mar 2024
‘Brutal’ decisions required to sort out Post Office mess, says select committee chair
Liam Byrne, chair of the business and trade select committee, tells Computer Weekly about the group’s focus on getting Horizon scandal victims what they are owed Continue Reading
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News
06 Mar 2024
Post Office prosecutions during Horizon go-live phase are ‘frightening’
The Post Office used subpostmasters as guinea pigs to test its software and take the rap for its errors Continue Reading
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Opinion
05 Mar 2024
How Southeast Asia’s largest bank is riding the AI wave
DBS has scaled its AI capabilities across all parts of its business to deliver tangible outcomes and productivity gains Continue Reading
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News
04 Mar 2024
Perverting course of justice and contempt of Parliament: a week in post-drama Post Office scandal
As another week in the post-drama Post Office scandal passes, Computer Weekly looks at some of the key moments Continue Reading
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News
01 Mar 2024
IT leaders focus on enterprise software to drive cost savings
ERP and supply chain software are among the big-ticket investment areas in 2024, and managing these projects is a top priority Continue Reading
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News
01 Mar 2024
KC names Post Office staff he believes conspired to pervert the course of justice
Leading KC names Post Office staff he believes perverted the course of justice when crushing subpostmasters in court Continue Reading
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News
01 Mar 2024
MPs demand Fujitsu be ‘nailed down’ on financial promise to Post Office scandal victims
Select committee hears that government is talking to Fujitsu about its contribution towards the costs of the Horizon scandal but it is not yet negotiating Continue Reading
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News
29 Feb 2024
Post Office CEO’s claim to be ‘working hard’ on Capture investigation in doubt
The Post Office hasn’t even contacted Capture Software users brought to its attention, but CEO claimed, under oath, that the organisation has been ‘working hard’ on the cases for five weeks Continue Reading
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News
28 Feb 2024
‘Pathetic’ Post Office spat detracts attention and fuels ‘disdain’ for authority
Former Post Office chair’s row with the government and Post Office cannot be allowed to deflect attention away from achieving justice and recompense for former subpostmasters Continue Reading
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News
27 Feb 2024
Government should face legal deadlines on paying Post Office victims
The government should face a legal deadline on paying Horizon scandal victims and unfair previous settlements should be reopened, MPs have been told - amid further boardroom controversy at the Post Office Continue Reading
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News
26 Feb 2024
Government won’t rush to include Post Office Capture convictions in overturning legislation
The government said it does not yet have the 'right body of evidence' to include users of the Post Office's Capture software in Horizon compensation schemes and legislation to overturn convictions Continue Reading
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News
22 Feb 2024
Stannah looks to enterprise cloud software to lift IT systems
Major project the keystone of new IT strategy to modernise systems and support growth Continue Reading
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News
21 Feb 2024
How Indian fintechs can address compliance issues
Fintechs will need to bolster their know-your-customer practices and establish self-regulatory mechanisms, among other measures, to address compliance issues that have come under the spotlight Continue Reading
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News
19 Feb 2024
Controversial Post Office Capture system was developed in-house
Second controversial Post Office system was the work of developers in its own IT operation Continue Reading
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News
13 Feb 2024
How DBS is industrialising AI across its business
Southeast Asia’s biggest lender is building a strong data foundation and upskilling employees on data and artificial intelligence to realise its vision of becoming an AI-fuelled bank Continue Reading
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News
06 Feb 2024
Post Office scandal: Phase four’s rogues’ gallery
Phase four of the public inquiry into the Post Office Horizon IT scandal revealed ‘a parade of liars, bullies, amnesiacs and arrogant individuals’ that made up the teams investigating and prosecuting subpostmasters Continue Reading
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News
02 Feb 2024
‘People are now listening,' Post Office inquiry told as latest phase ends
The latest phase of the public inquiry into the widest miscarriage of justice in modern UK history – the Post Office Horizon IT scandal – closes with a bang Continue Reading
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News
30 Jan 2024
Oracle to fine-tune AI for the enterprise
Oracle AI developments aim to blend enterprise data and LLMs across its technology stack and SaaS portfolio Continue Reading
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News
30 Jan 2024
Pre-Horizon users contacting lawyers as more Post Office IT horror stories emerge
Lawyer says there is no reason to believe the Post Office treated unexplained shortfalls on systems prior to Horizon any differently to the way it dealt with unexplained Horizon shortfalls Continue Reading
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News
26 Jan 2024
Lawyers carry on Post Office appeals amid uncertainty over government plan to overturn en masse
Lawyers supporting former subpostmasters said they will continue appealing convictions as normal despite government plan to exonerate hundreds in one go Continue Reading
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News
26 Jan 2024
Expert IT witness outsmarted an ‘aggressive’ Post Office to get to truth after inspection ‘madness’
The Post Office’s attempts to protect the Horizon system are well known, in light of the public inquiry and a recent TV drama, but Computer Weekly can reveal how an IT expert was treated during his investigation of Horizon Continue Reading
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News
24 Jan 2024
Committee chair asks minister to back ‘Mr Bates clause’ in Post Office compensation legislation
Select committee chair wants guarantees on financial redress for subpostmasters that suffered in the Horizon scandal Continue Reading
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News
18 Jan 2024
More than 900 subpostmaster convictions wouldn’t have happened without Post Office-backed law change
IT expert says it cannot be the case that computer evidence is treated as accurate in court, without investigation into surrounding circumstances Continue Reading
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Opinion
17 Jan 2024
Paula Vennells fails to practice what she preaches in Post Office scandal
Reverend Richard Coles tells Computer Weekly how a recent ITV drama ‘moved and enraged’ a public that had missed the unfolding of the biggest miscarriage of justice in modern history, in front of their noses Continue Reading
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News
16 Jan 2024
Fujitsu ‘morally obliged’ to contribute to subpostmaster financial redress amid ‘insane’ delays
Fujitsu has apologised for its role on the Post Office scandal and said it is ‘morally obliged’ to contribute to the financial redress of victims Continue Reading
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E-Zine
16 Jan 2024
All eyes are on the Post Office scandal – at last
In this week’s Computer Weekly, 15 years since we first revealed the plight of subpostmasters, and four years since their High Court victory, the UK public and government are getting behind the victims, thanks to a TV dramatisation of the scandal. We look at government plans to quash convictions, and analyse the role of Horizon IT supplier Fujitsu in how the Post Office scandal developed. Read the issue now. Continue Reading
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News
15 Jan 2024
Santander bank added 4,500 tech staff last year
Santander added thousands of IT staff to its global operation last year, as part of its digital transformation Continue Reading
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News
12 Jan 2024
Post Office scandal inquiry hits mainstream after dramatic start to year
Long-running statutory public inquiry restarts with hugely increased interest following ITV’s dramatisation of the two decades-long scandal Continue Reading
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News
11 Jan 2024
Fujitsu UK employees working for HMRC to strike during self-assessment tax period over pay
Hundreds of Fujitsu UK staff working for HMRC are set to strike later this month over a pay rise dispute Continue Reading
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News
09 Jan 2024
Former Post Office CEO hands back CBE amid public backlash
Former Post Office CEO hands back her CBE after public backlash following dramatisation of her role in Post Office Horizon scandal Continue Reading
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Opinion
09 Jan 2024
Trauma and fear means victims of the Post Office scandal are suffering in silence
Just like victims of child abuse, it is likely that issues of trauma, fear, feelings of shame and a complete loss of trust in authority are some of the powerful inhibitors preventing victims of the Post Office scandal from coming forward Continue Reading
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News
08 Jan 2024
Post Office scandal furore is moment to change digital evidence rules
The current rules around digital evidence are partly to blame for the widest miscarriage of justice in UK history Continue Reading
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News
07 Jan 2024
Metropolitan Police launches second criminal investigation in Post Office scandal
New investigation will examine potential crimes by the Post Office in its recovery of money from subpostmasters accused of theft and false accounting Continue Reading
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News
05 Jan 2024
Information Commissioner questions DWP plan to monitor bank accounts of benefit claimants
The Information Commissioner has warned that legislation to give new powers to the Department of Work and Pensions to check bank accounts of benefit claimants for indications of fraud lacks appropriate safeguards Continue Reading
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News
27 Dec 2023
Top 10 business applications stories of 2023
Generative AI has become unavoidable for business applications suppliers. C-level executives offer insights here, while the fundamentals of user enterprise software strategy remain visible beneath the AI froth Continue Reading
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News
22 Dec 2023
Top 10 financial services and fintech stories of 2023
Generative AI is the buzzword on every financial services IT professional’s lips as the technology promises to accelerate the ongoing fintech revolution Continue Reading
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News
20 Dec 2023
Post Office gets government handout as Horizon replacement costs increase ‘significantly’
The increasing costs associated with replacing the Post Office’s controversial IT system have forced the government to hand it over £100m extra Continue Reading
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News
20 Dec 2023
'No hiding place' for those responsible for Post Office Horizon scandal
MPs want individuals to be held to account for their roles in causing the Post Office Horizon scandal, which destroyed thousands of lives Continue Reading
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News
14 Dec 2023
Current Post Office executive in denial of Horizon cover-up
Executives at the Post Office today are still in denial of the part they played in destroying the lives of thousands of people Continue Reading
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News
08 Dec 2023
Former Post Office investigator called subpostmaster campaigners ‘crooks’
Former Post Office investigator labelled subpostmasters attempting to clear their names as ‘crooks’ Continue Reading
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News
06 Dec 2023
Post Office prioritised its ‘bottom line’ over justice
The Post Office was more concerned with saving money and recovering unexplained losses than getting to the bottom of subpostmaster claims that Horizon errors caused shortfalls, inquiry told Continue Reading
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News
05 Dec 2023
Undisclosed document could reveal pressure on Fujitsu expert witness in Post Office prosecution
Details of Post Office prosecutor’s meeting with Fujitsu IT expert witness, used in subpostmaster prosecution, not yet disclosed to public inquiry Continue Reading
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News
01 Dec 2023
Post Office lawyer with his fingerprints all over IT scandal spreads blame
Senior Post Office criminal lawyer was just following orders and claims his only mistake was believing those that told him the Horizon system was robust Continue Reading
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News
30 Nov 2023
Slow government response to Post Office scandal compensation forces new legislation
Subpostmasters who exposed widest miscarriage of justice in UK history still waiting for compensation after decades of fighting Continue Reading
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News
29 Nov 2023
Paula Vennells’ email fuelled Post Office Horizon cult, inquiry told
Faced with serious questions about the robustness of its core computer system, the Post Office doubled down on reliability myth, public inquiry told Continue Reading
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News
22 Nov 2023
Controversial Fujitsu contract with Post Office extended again
IT from Fujitsu is at the heart of the widest miscarriage of justice in UK history, yet the government keeps handing millions of pounds of taxpayers’ money to the IT giant Continue Reading
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News
17 Nov 2023
Oracle NetSuite CEO Goldberg: AI a sleeping giant coming to life
Speaking with Computer Weekly at SuiteWorld, Evan Goldberg, executive vice-president of Oracle NetSuite, discussed how artificial intelligence has emerged from obscurity to be of business moment Continue Reading
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Definition
16 Nov 2023
robo-advisor
A robo-advisor is a virtual financial advisor powered by artificial intelligence (AI) that employs an algorithm to deliver an automated selection of financial advisory services. Continue Reading
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News
16 Nov 2023
Post Office scandal inquiry postpones more key witness hearings
Yet more witness hearings are cancelled due to the Post Office's late disclosure of documents Continue Reading
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News
08 Nov 2023
Former Post Office manager has no memory of preparing witness statement in legal dispute
Evidence of computer problems was omitted from the witness statement of a former Post Office manager in a legal battle with a subpostmaster blamed for unexplained accounting shortfalls Continue Reading
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News
08 Nov 2023
SAP touts Business Technology Platform as foundation for S/4Hana migrations
SAP claims its Business Technology Platform can help customers ease their transition to S/4Hana and lay the foundation for artificial intelligence initiatives Continue Reading
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News
30 Oct 2023
Devon County digitises with Unit4 ERP
Unit4 and Embridge Consulting have paired up to help Devon County Council digitise its organisation, data and services Continue Reading
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Definition
23 Oct 2023
GR/IR clearing account (goods receipt/invoice receipt clearing account)
A GR/IR clearing account (goods receipt/invoice receipt clearing account) is a bookkeeping device that can be used when goods arrive before the invoice is generated or when an invoice arrives before the goods are delivered. Continue Reading
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News
23 Oct 2023
Taxpayers to fund a further £150m for Post Office IT scandal
Total bill for the scandal goes well over £1bn, as subpostmaster campaign leader considers private prosecutions of Post Office executives Continue Reading
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News
20 Oct 2023
Collaboration paramount in KPN’s successful business transformation
KPN tells Oracle CloudWorld 2023 how it transformed when its legacy systems became obstacles to supporting its customers on their digital journeys Continue Reading
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News
19 Oct 2023
Post Office auditors presumed subpostmasters were ‘on the fiddle’ or ‘in a muddle’
Public inquiry into Post Office scandal hears how head office staff routinely made negative assumptions about subpostmasters in small branches Continue Reading
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News
18 Oct 2023
SuiteWorld 23: Oracle NetSuite pushes business efficiency by way of AI
Oracle NetSuite’s Evan Goldberg posited AI old and new as means for organisations to do more with fewer resources, speaking at the company’s annual global SuiteWorld conference in Las Vegas Continue Reading
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News
16 Oct 2023
Oracle’s Steve Miranda: Customers nearing inflection point with Fusion
In a Q&A with Computer Weekly at Oracle Open World, applications head Steve Miranda discussed how its customers are moving from project-driven to business-driven approaches, and how GenAI is for real Continue Reading
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News
13 Oct 2023
‘Angry’ lawyer warned against Post Office computer investigation in 2010 email
Angered by his exclusion from an important discussion, former Royal Mail lawyer told colleagues of the risks to the Post Office if, as planned, they publicly investigate allegations against its computer system Continue Reading
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News
03 Oct 2023
Amnesia hides names of individuals behind Post Office’s ‘head on a spike’ strategy
Former Post Office lawyer deflects individual responsibility for a strategy that crushed subpostmasters, blaming the organisation as a whole Continue Reading
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News
29 Sep 2023
First subpostmaster Horizon conviction overturned in Scotland
Scotland has seen its first Post Office Horizon conviction overturned, taking the UK total to 92 Continue Reading
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News
29 Sep 2023
Government ‘breached privacy’ of Horizon victims with compensation offer, says lawyer
The government breached the privacy of victims of the Post Office Horizon scandal through making a compensation offer public Continue Reading
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Definition
21 Sep 2023
non-fungible token (NFT)
A non-fungible token (NFT) is a unique cryptographic asset used to create and authenticate ownership of digital assets. Continue Reading
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Definition
19 Sep 2023
bitcoin mining
Bitcoin mining is a type of cryptomining in which new bitcoin are entered into circulation and bitcoin transactions are verified and added to the blockchain. Continue Reading
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News
18 Sep 2023
Government offers £600,000 to subpostmasters with overturned convictions
Subpostmasters wrongfully convicted of financial crimes based on evidence from faulty Horizon software will be offered £600,000 compensation by government Continue Reading
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News
08 Sep 2023
HSBC collaborates on hybrid quantum optimisation
The bank, which wants to be at the forefront of quantum computing, is looking at how it can manage collateral assets more efficiently Continue Reading
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News
05 Sep 2023
London Stock Exchange plans blockchain-based market
The London Stock Exchange plans to have a blockchain-based trading venue available in the next 12 months Continue Reading
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News
31 Aug 2023
GenAI outranks cloud as business IT strategic priority
Enterprise Strategy Group research on the use cases for generative AI shows it as strategic for corporate IT, with impacts on customer experience, software development and IT Ops Continue Reading
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Tip
23 Aug 2023
ERP vs. accounting software: What are the differences?
A financial management system helps organizations efficiently record and report financial information. Discover how accounting software differs from ERP. Continue Reading
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News
17 Aug 2023
MP calls for review of computer evidence rule which led to subpostmasters being wrongly convicted
MP writes to minister in charge of courts requesting he looks at the controversial rules on the use of computer evidence in court Continue Reading
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Feature
31 Jul 2023
10 blockchain use cases in finance that show value
Blockchain continues to grow in the enterprise as companies in the financial sector expand their use of the technology. Here's a look at 10 established and emerging use cases. Continue Reading
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News
28 Jul 2023
ServiceNow Q2 2023: 23% year-on-year growth with GenAI to fore
ServiceNow has announced second-quarter 2023 revenue of $2.15bn, up 23% on the same quarter in 2022. The digital workflows automation supplier stressed GenAI developments and partnerships Continue Reading
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News
25 Jul 2023
CCRC refers two more subpostmaster convictions for appeal
Two more subpostmaster convictions referred to appeal court by the Criminal Cases Review Commission Continue Reading
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News
21 Jul 2023
SAP’s Klein sees $1tn market for AI business software
Enterprise software company embeds AI across product portfolio to improve efficiency in business processes Continue Reading
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News
17 Jul 2023
Subpostmaster compensation deadline will be missed, warns public inquiry chair
Subpostmasters that successfully sued the Post Office and exposed the Horizon scandal are at the ‘back of the queue’ and won’t receive compensation by current deadline Continue Reading
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News
11 Jul 2023
Horizon inquiry adjourned as Post Office disclosure failures threaten to ‘derail’ proceedings
Statutory public inquiry into Post Office Horizon scandal adjourned because of Post Office disclosure failures, ‘retraumatising’ victims of a scandal that destroyed the lives of thousands of people Continue Reading
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Feature
11 Jul 2023
How to assess and stem digital transformation failures
Digital transformation projects have bred a litany of failure. How can this tendency be reversed? Continue Reading