Electronic Invoicing

The headline interpretation of the impressive results reported by Kofax yesterday is likely to be the impact on their margin that the disposal of the hardware business will have. And it's true, the relatively high margins in the software business were in the shadow of the less profitable hardware side of the operation so an increase in target margin from 15% to 20% makes sense. But there's something else in the air and Kofax as well as number of others know it. There are other reasons why they can be optimistic about the future.

HUNTINGTON BEACH, Calif.--(BUSINESS WIRE)--In a move designed to extend the convenience of electronic invoicing and payment to a higher percentage of its customer base, Nestlé USA has selected Data Impact to provide Electronic Invoice Presentment and Payment (EIPP) technology. Nestlé will leverage Data Impact’s EIPPPlus solution to supplement its current Electronic Data Interchange (EDI) process.

One of the leading financial and business advisers, Grant Thornton Sweden, has deployed an invoice processing solution from enterprise purchase-to-pay specialist Palette as the backbone of its internal and hosted electronic invoice management (EIM) service. Grant Thornton Sweden is one of the leading financial and business advisers, providing services in Sweden and internationally. Currently processing around 30,000 invoices per month for over 300 customers both in Sweden and internationally, Grant Thornton’s EIM service improves the efficiency of customers’ accounts payable, as well as optimising the company’s own internal invoice management system.