Electronic Invoicing

25 Oct

Posted at 10:33h in e-invoicing, Electronic Invoicing by
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I wrote recently about Tradeshift’s new instant payment model. I was enthusiastic. I still am. But I had some misgivings – quite serious misgivings actually. The thing about taking a disruptive approach in any market place is that you have to be very sure of yourself. Not in an arrogant or conceited way. Sure of yourself in the sense that you are sure that you’re going in the right direction – sure that you have the right team and most important of all, sure you have the backing to survive what could be a difficult journey. Tradeshift are taking on more than the e-invoicing players. They’re taking on the banks too. They’re developing a new model that could change things and their competition aren’t going to take it lying down. My concern was that without some serious financial backing, Tradeshift are likely to go the way of many before them – pioneer, then disappear. But then I read this in the Wall Street Journal.

14 Oct

Posted at 15:33h in e-invoicing, Electronic Invoicing, Financial Supply Chain Management, Supply Chain Finance by
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Tradeshift are an enigma. Their revenue model may have you perplexed. Their tagline "Shift Happens" might raise an eyebrow and their animation for the launch of their Instant Payment offering - well is isn't exactly Pixar. But don't let it fool you. Behind the enigmatic facade of Tradeshift is a brave business model - a business model that is going to fundamentally change the rules of supply chain finance. And this week, I spoke to Tradeshift's charismatic CEO, Christian Lanng, who, in his own words, began to "reveal the riddle that is Tradeshift"

07 Oct

Posted at 14:35h in e-invoicing, Electronic Invoicing by
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E-invoicing isn't the first victim of standards and it won't be the last. B2B standards, designed to guide businesses down the right path, to allow disparate organizations to inter-operate, don't work. They have the opposite effect. They are self defeating. They attempt to create a single agreed way of working but instead, they embed incompatibility and constrain growth and until we get rid of the standards we'll continue to flounder.

27 Sep

Posted at 16:18h in AP Automation, e-invoicing, Electronic Invoicing by
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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.

26 Sep

Posted at 10:40h in e-invoicing, Electronic Invoicing by
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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?