Recently we wrote about how the introduction of e-invoicing could allow fraud to be automated alongside AP processes. The previous article is here. And in case anyone was in any doubt about how prevalent fraud can be, we thought it would be interesting to provide a little insight from the purchase to pay coal face on how easy it can be.

You're implementing AP automation but before you press the START button - take a step back and ask yourself these questions. Are your purchase to pay processes as water tight as they can be? Do you always know that you pay for goods and services that were actually delivered? Can you be absolutely sure that no one in your organization is likely to commit fraud? And finally, do you realize that as soon as you press the START button on your AP automation, fraud can be automated too?

Germany is the biggest market within the biggest economic region in the world and thanks to the German's decision on e-invoicing, the cost of doing business in the EU has just started to drop. The news as reported by Christian Lanng is perfectly timed. It coincides with EXPP, the biggest e-invoicing conference in Europe, that kicks off next week and it comes at a time when the EU desperately needs a bit of good economic news. So why is this so important?

It was at the beginning of 2011 that we wrote about Tradeshift catching the wave just right. And it was just a few months before that I asked a couple of their competitors what they thought about Tradeshift. Ariba people and OB10 people were all singing from the same hymn sheet. "Trade who?". Well, a few weeks ago I asked them again and they both conceded, Tradeshift are becoming difficult to ignore.

One of the problems that the financial institutes have is that they don't want to get their hands dirty. Of course they recognise that e-invoicing is becoming a game changer but they've been reluctant to get too closely involved, preferring instead to sit on the sidelines and focus on the supply chain finance deals that are going to emerge as organisations and whole industries get smarter at the automation of their payables operations. This is a big mistake of course, the more the banks delay, the more ground that the supplier networks can gain and before you know it, they'll be adding clearing to their impressive range of service offerings. The e-invoicing tortoises may just steal a march on the banking hares.This is going to make the debate on e-invoicing chaired by Susie West such a draw at Sibos