We're delighted to welcome Lars Kjærsgaard as one of our first guest bloggers. Lars is an International Sales Manager & Account Manager at EDB Consulting Group in Denmark and has some great insights into successfully moving toward 100% electronic invoicing.
In my mind there exist at least 5 methods/ways to either automate or semi-automate invoice entry:
When the electronic invoice vendors tell you they can get you to anywhere near 100% electronic invoicing, don't believe them. And don't believe the scanning guys either. The truth is, they're both right - but only if they work together.
AP automation has got a bad name for itself in some quarters. You will often hear of projects that meant well but either failed to meet expectations or were abandoned completely. There are many reasons why projects fail such as poor change management or lack of sufficient resource but for AP automation projects, there are three particular issues that crop up again and again in failed or disappointing projects.
The press releases from Iron Mountain recently raised a few eyebrows amongst the e-invoicing community. The announcement that they were to set up a 500 person strong unit in Europe to offer e-invoicing services to business was met with some surprise.
Well, it seems, according to a source close to what is going on, that the U.S. based firm, known for it's traditional archiving offering, is coming to play in the relatively mature e-invoicing market in Europe with its eyes wide open. We understand that Iron Mountain will be bringing a number of products to the market, underpinned by a strategic alliance with Basware, one of the leading, established e-invoicing players.
I despair sometimes. There's been a couple of threads in the purchasing and supply chain media recently that seek to justify the role of procurement. There was Peter Smith's recent spirited defence, (here), of the procurement profession in response to David Cameron's naive attack calling purchasing professionals the "enemies of enterprise". And then there was the article in Supply Management "CFO focus on savings ‘does procurement a huge disservice" which high-lighted some research by Ardent Partners revealing a misperception of the role of procurement by most CFOs:
As many as 40 per cent of larger businesses across Europe are shying away from E-invoicing according to a report published this week by Iron Mountain. This is because of the perceived complexity and lack of standards, according to YouGov who were commissioned to perform the research.
The findings have been published to coincide with the launch of Iron Mountain’s new Business Process Management (BPM) services, details of which can be found here.
Iron Mountain Inc (IRM.N), which offers companies archiving and online data storage, launched a new invoice management unit on Wednesday, saying it aims to employ 550 people in Europe during the next three years.