One of the problems that the financial institutes have is that they don't want to get their hands dirty. Of course they recognise that e-invoicing is becoming a game changer but they've been reluctant to get too closely involved, preferring instead to sit on the sidelines and focus on the supply chain finance deals that are going to emerge as organisations and whole industries get smarter at the automation of their payables operations.
This is a big mistake of course, the more the banks delay, the more ground that the supplier networks can gain and before you know it, they'll be adding clearing to their impressive range of service offerings. The e-invoicing tortoises may just steal a march on the banking hares.This is going to make the debate on e-invoicing chaired by Susie West such a draw at Sibos