e-Invoicing is e business reality
Within 2 years, electronic invoicing will have reached critical mass and become entrenched: 67% of survey respondents already receive e-invoices from suppliers; 35% of firms send e-invoices or expect to within the next 12 months. By the end of 2010, all public administrations in Italy will require e-invoices from suppliers. Increasing trends towards supply chain integration and dynamic networks will drive adoption rates even further.
Whether the intention is to adopt immediately or within the next few years, companies need to accept that e-invoicing and e-payments will soon be a reality of the business ecosystem. They should begin to analyse how it will impact their business and make initial changes to the financial supply chain preparing for the smoothest possible transition. Continue reading
Content Management Systems were first developed as one off complex solutions for Newspaper and Magazine publishers. A package (not dissimilar to e-procurement) of components pieced together to address the specific workflow needs of target customers, over time leading designs emerged: Vignette, Interwoven, Oracle and even IBM offered ‘packaged’ solutions still targeted at the limited market of Media Publishers with investment costs in the millions justified due to the complexity, personalization required and limited market size. Continue reading
Most companies acknowledge a need for market knowledge and try to automate the process of intelligence gathering. They digest as much data existing internally, via clients and suppliers, and on the internet in the faint hope that new opportunities will become self-evident.
On the surface, at least, these efforts make intuitive sense. The Internet is an ongoing conversation, it represents a living and growing memory of the human condition. We record lives, research new frontiers, build businesses, watch children grow….innovate, evolve and die..on the Internet. Continue reading
Originally published on the European eBusiness Lab website:
The Lab, with the assistance of Mark Abouzeid, completed an extensive study that shed light on the potential benefits of invoicing and payment automation, presenting a roadmap for the Region of Puglia which identified the advantages of such developments starting from a single company, to its supply chain and, finally, to the whole regional economy. Continue reading