Author: Pete Loughlin

The Department of Veterans Affairs Financial Services Center (VAFSC) in the US has just become the latest government entity to mandate the use of electronic invoicing supporting the Improper Payment Elimination and Recovery Improvement Act signed by President Obama in January this year. Analysts and observers interested in e-invoicing have for some time been taking a close interest in developments in Latin America. Despite being relatively late into e-invoicing, the adoption rates in Mexico and Brazil are extremely high because governments have mandated its use. They’re mandating e-invoices because it allows the authorities more effectively to control and manage the collection of taxes.

Small business can be forgiven. When you start a business you want to get it right and there isn't always the time to understand why you do all things you do. You need a website. Why? Because you do. And a twitter account and a Facebook page.  And you need an office and a store with a shop window display and an accountant and letter-headed paper and business cards. Still don't quite know why but better safe than sorry. Big business should know better but despite having years of experience, industry expertise, resource and time to deliberate on what really makes sense for their business, many continue pointless practices and, in many cases, they don't even know why they do them. These are my top 4 pointless business practices

New York - the lights, the excitement, the glamor, the Post Office. A compelling argument for electronic invoicing. [caption id="attachment_7294" align="aligncenter" width="540"]This Post Office in the heart of Manhattan is open for business This Post Office in the heart of Manhattan - one of the busiest and commercially vibrant cities in the world - is open for business. I stood in line for 45 minutes to buy a stamp.[/caption]

OB10 has been named as a finalist for a 2013 Innovator award in the category of Best B2B Payments Innovation for OB10 Express Payments, a unique early payment solution. One of five finalists in their category, OB10 is being recognized as a leader in the payments industry. Voting is open now through March 8 on PYMNTS.com with the winners being announced during a live ceremony hosted by The Office’s BJ Novak on March 21 from The Innovation Project, a two-day program that will challenge the way that the payments and broader commerce ecosystem thinks, develops, and ignites innovation.

Travel is always an adventure and I love coming home with tales to tell of unexpected encounters and once in a lifetime experiences. In New York this week, I was absolutely thrilled to find myself amongst a bunch of paparazzi at JFK waiting to shoot Anne Hathaway. Seriously - I was in Gotham City and Cat Woman bumps into me. But that was nothing. I also got to meet Susie West.

SusieWestAnneHathaway

In the fast moving space that is e-invoicing, like many other areas of business, the impressive announcements of vendors can become tiresome. Claiming customers that everyone claims - promises of new approaches and ludicrous claims about the use of bleeding edge technology that turn out to be no more than smoke and mirrors. Tradeshift's announcement of a partnership with Intuit was genuinely impressive but it's not till you hear the other side of the story - the Intuit version of events - that you get to see what the true significance is.