The full value of online invoicing lies in completing the transaction end-to-end which includes payment and reconciliation.
The price of sending out paper invoices in the UK is set to rise again on 30th April. The price of First and Second class stamps for standard letters will go up 14p to 60p and 50p respectively. According to BBC News “the 30% price rise in first-class stamps, and 39% rise for second-class, marks the biggest annual increase in percentage terms since 1975. Ten years ago, a first-class stamp cost 27p, and a second-class cost 19p.”
Since 2009 the Billentis E-Invoicing / E-Billing research report has become the definitive guide to today’s European e-invoicing marketplace. Written by industry expert, Bruno Koch, the report is packed full of statistics, facts and recommendations on e-invoicing which includes; market overview (B2B, B2C), business benefits, writing a business case, country-by-country market summaries and compliance. As a report sponsor we are delighted to be able to distribute complimentary copies of this excellent report.
An interesting article in yesterday’s FT by Jane Bird (‘Risk and cash control: Many treasury systems still fail the ‘user friendly’ test’) highlighted the need for more automation in Treasury management systems. She mentions that ongoing critical calculations such as risk, debt and investment strategy which are all currently done manually will eventually be taken over by treasury software. The article rightly states that “the move towards automation extends far down the treasury value chain to areas such as electronic invoice processing.”
Fundtech are attending the SSON Eastern European Summit 2012 this week in Budapest. The event promises to bring together international Shared Services and Outsourcing community in Eastern Europe – with a focus on Baltics, Balkans and Central & Eastern Europe - to unite and exchange operational and strategic knowledge. Look out for the Fundtech exhibition stand (Orfeum C - stand 9) where we will be providing demonstrations of our Accountis AP and AR E-invoicing solutions for shared services centres.