e-invoicing

27 Nov

Posted at 12:12h in AP Automation, e-invoicing, Electronic Invoicing by
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Yes, there have been innovations in e-invoicing in the last two years but compared to almost all other areas of technology, it has been standing still for about a decade. The reason for this is simple, most players’ business models have not been driving a need for innovation. In all other spaces, intense competition has driven innovation in software, the technology behind it and how they use it. Which is all fantastic for users. But it’s just not the case here.

01 Nov

Posted at 11:42h in AP Automation, e-invoicing, e-Procurement, e-Procurement Software, Electronic Invoicing, Financial Supply Chain Management, Supply Chain Finance by
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It’s funny when you read some vendors’ marketing material claiming to be at the bleeding edge of technology when the audience knows full well that what they’re talking about is well established, "business as usual" stuff. Take this example explaining how business is just beginning to discover the internet:  “It wasn’t so long ago that the Internet was viewed as just a playground for consumers with little-to-no-value for businesses. But it’s a completely different story today. The Internet has come a long way, baby” Guess when that was written? 1998? 2003? No. Actually, it was written a few weeks ago by Ariba’s Rob Mihalko aka Rip Van Winkle. The internet isn’t new. E-Procurement isn’t new. Supplier networks aren’t new. Neither is e-invoicing or supply chain finance. They’re all old, well established business tools. So what happened to innovation in P2P?

25 Oct

Posted at 08:30h in e-invoicing, Electronic Invoicing, Financial Supply Chain Management, News, Supply Chain Finance by
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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.

10 Oct

Posted at 17:04h in AP Automation, Dynamic Discounting, e-invoicing, e-Procurement, Electronic Invoicing, EU Commission, Financial Supply Chain Management, P2P Europe, Public Sector Procurement, Purchase to Pay, Purchase to Pay Process by
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The European Commission has declared some ambitious targets for e-procurement. They reckon that €2 trillion can be saved and they intend to get government organisations using purchase to pay best practice to deliver these savings by 2016. These targets are of course way too ambitious. What’s more, the Commission is going about it in completely the wrong way. They may be ambitious and their methods may not be perfect but I’m impressed and delighted at what they're doing.

05 Oct

Posted at 12:20h in e-invoicing, Electronic Invoicing, News by
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In a research report by Purchasing Insight and Paystream Advisors to be published in a few weeks time, we indicate some real evidence that the e-invoicing market has reached or even passed the tipping point and today, the expected land grab associated with the rapid increase in interest in e-invoicing has just accelerated. Basware, already one of the largest and most important operators in this space, have just announced the acquisition of Certipost's network e-invoicing business.