e-invoicing may be flavor of the month in some quarters but despite having been practiced by some of the largest organizations in the world for over a decade it remains in its infancy. Estimates vary but only about 15% of the world's invoices are transmitted electronically and the level of adoption across the globe varies tremendously. In some countries, despite the approval of the tax and regulatory authorities, take up by business has been slow while in other parts of the world, it is governments' reluctance to accept e-invoicing that is acting as a blocker.
The world map of e-invoicing
The world can be divided into four e-invoicing regions. North America and Europe together with Australia and New Zealand, Latin America, Asia Pacific and Middle East and Africa.
This is how it will be read. When the European regulators produced guidelines on how bent a banana could be, there was a media frenzy. Headlines like "Europe Bans Bent Bananas" and "It's Official - Bananas Banned by Brussels". It was a Euromyth of course but it sells newspapers and I can feel the same thing is going to happen when the CEN get's its hands on e-invoicing standards.
OB10 can make some great claims. They might like to claim to be the biggest and they'd certainly want to claim best. I think they can legitimately claim to be the first. But these superlatives are very much double edged. "First" also means oldest and "biggest" can mean least agile.
So how can OB10 maintain their leading position? Last week I had the great pleasure of meeting Luke McKeever, their new CEO, who told me.
In their market overview Market Overview, ePurchasing And Contract Life-Cycle Management In 2011 to 2012, Forrester describes four forces that are keeping supplier networks dynamic and competitive. They talk a great deal of sense but they forgot the fifth force - the one that's going to make 2012 the year for supplier networks.
London, 3 November 2011 OB10 (www.ob10.com), the e-Invoicing network, has been selected by the John Lewis Partnership, a leading UK retailer, to drive efficiencies and streamline its processes with suppliers to support the continuing growth of its business.