EESPA – The European e-Invoicing Service Providers Association

On 5th May 2011 in Brussels, over 30 firms providing e-Invoicing services from across the EU met to kick-off the formation of the new association to be called EESPA – the European e-Invoicing Service Providers Association. It should be fully functioning as a legal body by the end of the summer. EESPA’s purpose will be [...]

Dispelling four myths of e-Invoicing

More than ever, companies are finding themselves increasingly looking for ways to cut costs and increase efficiencies. One solution that is able to achieve both of these is e-Invoicing – the process of sending and receiving invoices electronically. However, as with every new process, companies need to know the facts. From my experience as founder [...]

Kofax acquires 170 Systems

Kofax have acquired 170 Systems, Inc., a provider of financial process automation software.

This seems to be a good move for Kofax, giving them the opportunity to offer a more rounded solution as well as competing with Readsoft who offer similar services from their acquisition of Ebydos a few years back.

While these solutions are focussed on OCR data capture, both 170 Systems and Ebydos (Readsoft) applications are well suited to processing electronic invoices through the workflow and cockpit components.

Both management and the Board of Kofax believe the acquisition, worth $32.9 million, will position the company for leadership in the rapidly growing invoice processing market.

OB10 grows by 40% and raises capital

OB10 has concluded a rights issue at the same time as increasing sales by 40% and breaking even. More details are available at OB10.com

The European Commission fights late payments

Electronic invoices help corporations and public sector bodies to pay their suppliers on time, invoices are delivered in minutes instead of days and they are not lost in the post. Not only are invoices delivered quicker; because the data is electronic and in many cases uploaded directly to accounts payables systems, the approval process can [...]

OCR vs electronic invoicing for Accounts Payable

Submitted by Thayer Stewart When building a house, a carpenter would not use a hammer (which is a great tool) to insert a screw. There is a much more appropriate tool – a screwdriver. Similarly, OCR is a great technology, just not for Accounts Payable. Insurance companies, financial institutions and the public sector have all [...]

e-Invoicing and e-Billing

There is often confusion between the differences of e-Invoicing and e-Billing.  As the ‘resource’ element of the e-Invoicing blog, this post outlines the key differences. There are broadly two types of electronic invoicing implementations, e-Invoicing and e-Billing. e-Invoicing is a buyer-centric model where the Buyer encourages its Suppliers to send electronic invoices. Typically, a Buyer may [...]

Welcome to The e-Invoicing blog

Welcome to the e-Invoicing blog. I plan for this blog to be a resource for people looking in to the e-Invoicing world. I plan to post comment, opinion and reference material and over time build a glossary of terms used in our industry. I thought it appropriate that the first post would try to set [...]