e-invoicing Tag

Purchase to Pay, P2P and Dynamic DiscountingThe case for electronic invoicing is compelling – why would an organization that has invests millions – sometimes tens of millions – of dollars on a finance system want to operate a paper based process in the 21st century? But it’s not as easy as that – especially for global organizations. The wide variety of legislation around the globe creates a Tower of Babel for those attempting to implement electronic invoicing on a large scale. But the situation is beginning to evolve in a very positive way – and absolutely not in a way I would have predicted a few years ago. The electronic invoice is about to die on its feet leaving the door wide open for the new pretender to the AP automation throne – the new electronic invoice.

Purchase to Pay, P2P and Dynamic DiscountingIt takes several iterations of a good idea and a bit of sex appeal before it catches on. The iPhone wasn’t the first multifunctional device – it was just the first on the market to package everything up into an object of desire. I clearly recall explaining to a friend: “The camera is inferior, it doesn’t have Flash and the battery life is useless. But just look at it. I don’t care if it doesn’t work – I want one!” There’s a kind of mysterious synergy – the sum of the parts don’t add up to much but somehow, the whole is huge. It’s the same with some business and technology innovations. And in the invoicing space, it’s beginning to have a remarkable effect.