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
30 Apr 2025
Artificial intelligence roles the ‘only safe jobs in banking’
World’s biggest banks have increased the number of employees working with artificial intelligence by 13% in the past six months Continue Reading
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Feature
28 Apr 2025
Post Office Horizon scandal explained: Everything you need to know
Computer Weekly has investigated the Post Office Horizon scandal since 2008 and is, in fact, part of the story. This guide contains essential information about the 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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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
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News
11 Jul 2023
Peer calls for every Post Office prosecution to be reviewed
Post Office prosecutions should be reviewed in light of damning evidence laid bare by statutory public inquiry into Horizon scandal, says peer James Arbuthnot Continue Reading
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News
10 Jul 2023
Post Office inquiry must examine rule on IT evidence if miscarriages of justice are to be avoided
Public inquiry must examine role of court rules around use of computer evidence that enabled Post Office to prosecute innocent people Continue Reading
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News
06 Jul 2023
Former Fujitsu IT chief evidence postponed after late Post Office disclosure
Post Office has disrupted Horizon inquiry schedule through late disclosure of ‘significant’ evidence as key IT witness evidence is postponed Continue Reading
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News
03 Jul 2023
Deutsche Bank completes migration of millions of Postbank customers
Deutsche Bank has completed the migration of 12 million Postbank customers to its banking platform Continue Reading
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Opinion
26 Jun 2023
Post Office scandal inquiry phase four: Here come the lawyers…
The Post Office scandal was triggered by computer errors, but the cover-up and miscarriages of justice implicate the Post Office, government and lawyers, as professor of law and ethics Richard Moorhead explains Continue Reading
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News
21 Jun 2023
Software spending grows fastest as finance firms spend $652bn on tech in 2023
Banks and investment firms are increasing their spending on IT despite gloomy economic outlook, but priorities have changed Continue Reading
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News
20 Jun 2023
ServiceNow’s Bill McDermott: a ‘work in progress’
Bill McDermott, president and CEO of ServiceNow, speaks to Computer Weekly about his vision for the company and the technology industry, which he believes to be in the throes of exponential change Continue Reading
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News
20 Jun 2023
Post Office will not oppose potential Horizon conviction appellants
Post Office CEO told MPs that the organisation is telling some subpostmasters it won't oppose them if they appeal Continue Reading
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News
14 Jun 2023
Banks still investing heavily in legacy payments systems
Banks are missing out on additional revenues through payment services because they are stuck with inflexible legacy payments systems. Continue Reading
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News
28 May 2023
Australia’s Disability Trust picks Boomi integration platform
The non-profit organisation is using Boomi’s integration platform to integrate a mix of legacy and new systems to deliver real-time data updates and improve payroll processing, among other goals Continue Reading
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News
25 May 2023
Fintech pioneer Anne Boden steps aside from challenger bank CEO role
Fintech pioneer to step aside for a new CEO after 10 years building a UK banking unicorn Continue Reading
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News
24 May 2023
JPMorgan’s UK digital retail bank adds more than a million customers in a year
The app-based bank launched in the UK by US giant JPMorgan has added one million customers in the past 12 months Continue Reading
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Definition
22 May 2023
core banking system
A core banking system is the software that banks use to manage their most critical processes, such as customer accounts, transactions and risk management. Continue Reading
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E-Zine
16 May 2023
Microsoft and Google go into battle for enterprise AI
In this week’s Computer Weekly, as developments in generative AI accelerate, Microsoft and Google have each unveiled their plans around enterprise applications. Nobody doubts the importance of digital transformation – but experts say it won’t work without cultural change as well. And we examine the emerging practice of FinOps as part of cloud automation projects. Read the issue now. Continue Reading
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News
12 May 2023
IT Priorities 2023: Business automation intensifies as data governance returns
Business automation and a renewed focus on data governance to get more value from data have attracted more interest for UK enterprise software investment, says the TechTarget IT Priorities 2023 survey Continue Reading
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News
12 May 2023
Post Office lawyer bragged how team ‘destroyed attack on the Horizon system’ and put woman in prison
A senior Post Office lawyer appeared gleeful in email about how his team helped prosecute a subpostmaster who was sent to prison Continue Reading
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News
11 May 2023
Google Cloud and SAP in enterprise open data push
Long-time technology collaborators Google Cloud and SAP are embarking on a push to make it easier for enterprises to derive value from their data and put it to use in artificial intelligence and machine learning settings Continue Reading
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News
11 May 2023
Fujitsu staff had ‘unrestricted and unauditable’ remote access to Post Office branch systems
Fujitsu engineers could make changes to Post Office branch accounts without anyone knowing Continue Reading
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Feature
01 May 2023
The role of AI as an everyday life assistant
We speak to the co-author of a book that explores the idea of artificial intelligence-powered automation that enables machines to become customers Continue Reading
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News
28 Apr 2023
More Post Office software-related convictions overturned takes total to 86
A total of 86 former subpostmasters wrongly prosecuted for financial crimes after computer errors showed phantom losses have had convictions overturned Continue Reading
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News
27 Apr 2023
Zopa’s emotional journey to becoming a bank
Zopa Bank’s CEO sees no reason why the app-based bank should not be as big as the high street giants Continue Reading
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News
25 Apr 2023
Lloyds Bank joins industry IT standards group
UK banking giant Lloyds Banking Group has joined an industry group which promotes global IT standards Continue Reading
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Feature
24 Apr 2023
How artificial intelligence and automation can streamline procurement
We speak to chief procurement officers about the role of artificial intelligence in helping their organisations reduce costs and tackle the economic slowdown Continue Reading
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News
20 Apr 2023
Banks don’t want to develop fintech in-house
Banks are increasingly partnering with fintechs to gain access to their platforms, with few interested in developing such capabilities in-house Continue Reading
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News
14 Apr 2023
Former TSB CIO fined for migration meltdown
Both TSB and its CIO have now been fined for the catastrophic migration of TSB’s core banking system Continue Reading
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News
06 Apr 2023
CCRC says ‘door open’ for more reviews of subpostmaster convictions
The Criminal Cases Review Commission (CCRC) has told former Post Office workers the door is still open for them to come forward if they were prosecuted for financial crimes based on evidence from Horizon software Continue Reading
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News
05 Apr 2023
The Folio Society turns over new leaf with NetSuite
Well known for its illustrated, hardback editions of books, The Folio Society has brought its finance systems up to date, in part to aid international growth, with Oracle NetSuite Continue Reading
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News
03 Apr 2023
Lloyds and NatWest banks join Barclays in latest round of branch closures
Lloyds and NatWest banks announce more branch closures as UK high streets continue to be stripped of banking services Continue Reading
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News
27 Mar 2023
JP Morgan pilots palm and face-recognition technology in US
JP Morgan is testing out its biometric payment technology in selected retailer stores and at the upcoming Formula 1 Grand Prix in Miami Continue Reading
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Podcast
24 Mar 2023
Everywoman in Tech, datacentre heat reuse – Computer Weekly Downtime Upload podcast
The team talks about disclosure regarding diversity and inclusion programmes, datacentre heat reuse in swimming pools, and NetSuite supporting business transformation at Guinness World Records Continue Reading
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E-Zine
21 Mar 2023
The risks of an imbalance in AI
In this week’s Computer Weekly, a leading AI expert explains the risks of an arms race in artificial intelligence caused by the domination of private sector providers. Our latest buyer’s guide examines ways to reduce IT’s energy use. And we analyse the latest damning revelations from the Post Office scandal inquiry. Read the issue now. Continue Reading
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News
15 Mar 2023
How industry cloud platforms are shaping the future of business applications
More than half of enterprises are expected to use industry cloud platforms that combine cloud-based infrastructure, platform and application services to accelerate their business by 2027 Continue Reading
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14 Mar 2023
Guinness World Records goes digital
Over the past 20 years, Guinness World Records has transformed from book publishing to digital content creation, most recently marshalling NetSuite. Continue Reading
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News
13 Mar 2023
Subpostmaster demands names of Post Office executives who crushed him to suffocate truth
One Post Office scandal victim was deliberately destroyed by the Post Office to deter other subpostmasters from challenging the integrity of its core computer system Continue Reading
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Podcast
08 Mar 2023
Procurement AI: A Computer Weekly Downtime Upload podcast
We speak to BT’s procurement chief about the role of artificial intelligence and how conversational AI will improve workflows Continue Reading
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News
08 Mar 2023
Executive interview: BT chief procurement officer, Cyril Pourrat
BT Sourced is part of BT Group and aims to tackle the telecommunications giant’s multibillion-pound spending. We speak to its procurement chief Continue Reading
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News
07 Mar 2023
IT worker evidence reveals a toxic Post Office IT helpdesk that discriminated against subpostmasters
IT worker tells public inquiry that the Post Office Horizon helpdesk was toxic, rudderless and racist Continue Reading
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Feature
07 Mar 2023
Culture eats technology in digital transformation
Digital transformation without culture change is an empty phrase, but get the balance right and you can reap rewards Continue Reading
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E-Zine
07 Mar 2023
Can the UK keep its fintech crown?
In this week’s Computer Weekly, two years after the Kalifa report laid out a roadmap for continued fintech sector growth, UK entrepreneurs and startups are worried about the lack of progress. We look at the top tech trends in retail and find out which companies are leading the way. And we examine six ways to slash IT emissions. Read the issue now. Continue Reading
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News
06 Mar 2023
Fintech industry calls for regulatory change to help struggling consumers
Fintech trade body calls for regulatory changes to allow fintechs to broaden services for people struggling in the cost-of-living crisis Continue Reading
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News
06 Mar 2023
Guinness World Records goes digital
Guinness World Records has been around since 1955. Over the past 20 years, it has transformed from book publishing to consultancy and digital content creation, most recently marshalling NetSuite Continue Reading
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News
06 Mar 2023
How to get mainframe modernisation right
Around a third of mainframe modernisation efforts fail, but that doesn’t need to be the case if organisations can harness the best of mainframe and distributed architectures, according to Rocket Software Continue Reading
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News
03 Mar 2023
Shawbrook Bank uses Pegasystems for low-code business process rewrite
SME lending and savings bank Shawbrook Bank is using a low-code platform from Pegasystems to rewrite outdated business processes Continue Reading
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News
28 Feb 2023
Post Office’s most senior executives hushed up Horizon errors, public inquiry told
The Post Office messaging strategy was designed to reassure staff that the Horizon accounting system was robust after Computer Weekly first revealed problems in 2009 Continue Reading
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News
21 Feb 2023
NetSuite and Oracle executives optimistic about economy
Oracle NetSuite’s recent SuiteConnect event in London found executives in optimistic mood about the economy and positive about synergies between the two businesses Continue Reading
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News
21 Feb 2023
Average consumer spent more than £3,300 using contactless payments in 2022
The amount of money spent using contactless payment technology continues to rise as consumers take advantage of higher allowable spending limits Continue Reading
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Feature
15 Feb 2023
Challenges and benefits of cloud for the finance department
Moving the finance function to the cloud can help companies. Learn about some of the benefits that can result from doing so, as well as potential challenges. Continue Reading
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Definition
10 Feb 2023
Opex (operational expenditure)
Opex (operational expenditure) is the money a company or organization spends on an ongoing, day-to-day basis to run its business. Continue Reading
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News
08 Feb 2023
CDO interview: Very’s Steve Pimblett on finding UB40
The chief data officer of online retailer Very, Steve Pimblett, explains the place of data cataloguing in its data strategy, both for governance and innovation Continue Reading
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News
07 Feb 2023
‘Profound’ digital pound decision faces policymakers
The UK Treasury has launched a consultation paper to help lay the foundations for a ‘profound decision’ over a digital currency Continue Reading
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News
07 Feb 2023
TSB pilots pods as branch replacements
TSB joins Barclays in adopting banking pods to ensure customers have access to physical banking services as the number of high street branches declines Continue Reading
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News
01 Feb 2023
PayPal slashes 2,000 jobs in face of tough economic outlook
Fintech giant making thousands of redundancies as global economic outlook remains poor Continue Reading