30 Aug 2011 The debate of the e-invoicing hares
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
For those who don’t know Sibos, it’s one of the biggest and most important events in the financial services industry calendar. Every year Sibos brings together influential leaders from financial institutions, market infrastructures, multinational corporations and technology partners to do business and shape the future of the financial industry. Facilitated and organised by SWIFT for the SWIFT community, Sibos is, according to their own write up ” much more than a conference and exhibition. It is a unique forum to collaborate and take collective action in payments, securities, cash management and trade.” It’s a huge event. In 2010 the conference in Amsterdam attracted over 9,000 attendees and electronic invoicing, and the banks’ response to the opportunity is high on the agenda for many.
And for those that don’t know Susie West, she’s the founder and CEO of sharedserviceslink.com an expert facilitator and public speaker and what she doesn’t know about e-invoicing isn’t worth knowing.
The debate of the e-invoicing hares
I don’t expect that the panelist will necessarily see themselves as the hares but they will have some great insights to share. The agenda looks comprehensive:
- Is e-invoicing ‘booming’?
- Trends in e-invoicing
- How should the banks react?
- Should business cases include supply chain financing?
- Role of banks in e-invoicing
- Collaboration vs competition
- 3 corner vs 4 corner
Susie West chairs and the panel consists of:
- Mr Chris Bozek, Managing director, Head of Global Trade and Supply Chain Products, Bank of America Merrill Lynch (panellist)
- Mr Ifor Williams, SVP, Fundtech FSC
- Mr Eric Campbell, Chief Technology Officer, Bottomline Technologies (panellist)
- Mr Keijo Kettunen, Head of payment transactions, State Treasury of Finland
If you’re attending Sibos – check it out