The history of the e-invoice is actually the history of EDI – Electronic Data Interchange. As an enabler of business transactions, EDI is a group of technical standards for e-documents that has been around for decades. The United States National Institute of Standards and Technology defined EDI in 1996 as:
Accounts payable teams are on their toes to process transactions as efficiently as possible. However, some challenges keep making work unnecessarily hard.
Besides adding to the workload, they also constitute a critical threshold in adopting digitally aligned processes. In other words, they affect the ability to increase automation. Here are the top five challenges for accounts payable.
The ultimate buzz in today’s business is digital transformation. It is on everyone’s agenda. Most organisations feel the pressure. Digitisation changes the business landscape in an accelerating speed, whether it’s how we bring customer value, compete or collaborate.
It's all about efficiency and making the best use of your organisation's time. Today we're announcing the release of Invoice Shield - the fastest way for any organisation to improve and automate invoice management. Without disrupting the current IT stack.
Transactions make your business tick. The important processes of making sure that you get paid for products and services you sell - and naturally pay the right amount for your purchases - places accounts payable and accounts receivable teams at the core in any organisation. How much are you prepared to pay for these processes to run smoothly?
Did you know that a European standard for e-documents might become a catalyst for businesses and organisations in their digitisation journey? This infographic explains what PEPPOL is all about and what it has to do with e-invoice management.
The European digitisation journey accelerates. As a result of the e-Procurement Directives from the European Commission, all national authorities within the EU must be able to send and receive standardised electronic invoices by April 2019. Here’s the what and why of the PEPPOL revolution – and how to take advantage.