Purchasing Insight

Purchase to Pay, Purchasing & Procurement Process, Electronic Invoicing

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I was delighted when I heard a few weeks ago the news that was made official this week that Nigel Taylor has joined Taulia. It’s great news for Nigel and great news for Taulia.

Nigel moves from GXS where he led the marketing, business development and strategy of their eInvoicing solutions but I got to know him through his chairmanship of the UK National e-invoicing Forum. He’s won a great deal of respect in that chair role where he’s been able to steer the delivery of some excellent thought leadership from the group. He also represents the UK at the European Commission’s forum on eInvoicing and is an executive committee member of the European eInvoicing Service Providers’ Association. continue reading…

The fortunes could be mixed for Europeans working in IT and finance according to new research by The Hackett Group. Large companies in Europe are now losing over 130,000 jobs each year in these disciplines as well as in other key business services areas. This, Hackett claims, is due to the combined impact of offshoring, technology-driven productivity improvements, and the low-growth business environment. While they reckon that the number of jobs being lost will decline over the next few years, they estimates that by 2017 nearly half of all back office jobs that existed at these companies in Europe in 2002 will have disappeared, a total loss of 1.9 million jobs.

But the picture gets worse when you factor in the latest IMF growth assessment. continue reading…

Historically, the lack of interoperability amongst service providers has been blamed for the slow adoption of e-invoicing. Without agreements in place amongst competitive networks, suppliers are forced to double up on network membership fees negating many of the potential benefits. But the tide is turning and today two of the biggest networks in Europe have announced an interoperability arrangement that will hopefully further accelerate the acceptance of e-invoicing as a de facto B2B transaction method. continue reading…

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. continue reading…

Taulia, the only SAP-certified SaaS platform for dynamic discounting, today announced Hallmark will provide its global supply base with Taulia’s comprehensive suite of services, including e-invoicing, dynamic discounting and supplier self-services. The largest and most successful greeting card brand in the world, Hallmark has long been a technology leader in bringing innovative products to consumers. The company wanted to extend that leadership by providing its suppliers a unique value proposition – comprehensive e-invoicing and self-services, delivered by a dedicated on-board team at no cost to suppliers. continue reading…

One of the difficulties that analysts have is moderating their tendency, out of enthusiasm, to exaggerate the claims that vendors make. They want to report exciting things, things that people want to read. It’s all the more difficult because we all know that the vendors use marketing license in spades when they brief analysts. But the implications of the news announced today are difficult to exaggerate.

Tradeshift have got a new investor. Intuit, the engine behind QuickBooks, the people that support 5 million small and mediums sized businesses in the USA, have partnered with Tradeshift. What does this mean? It means that Tradeshift’s network is now the biggest in the world. continue reading…

A unique supply chain finance solution from OB10 improves companies’ working capital and cash flow

OB10, the e-Invoicing network that handles £90bn of payments each year, has launched OB10 Express Payments, a unique supply chain finance service that allows organisations to receive payment on approved invoices within three days. The service supports the agreement announced this week between Prime Minister David Cameron and large UK organisations to consider or continue helping their suppliers’ cash flow through supply chain finance. continue reading…