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Tag: Mark Morahan

Once bitten, the e-invoicing bug remains forever

Let me first clarify what I meant by e-invoicing here. It is not about scanning and OCRing paper invoices with tight integration of accounts payable systems. It is about connecting disparate finance and procurement systems seamlessly, so that an electronic document (purchase-to-payment and supply-to-cash) from one system flows automatically to another system owned by the same or separate organisation without duplication of effort. At its very basic level, avoiding retyping of data created by the originating system. In my mind, you can only achieve this through a electronic document exchange hub. A prime example is OB10 (in the case of…

ebdex is dead!

ebdex was formed on 25th Nov 2004 with the idea of disrupting the EIPP market dominated by Accountis and OB10. To be fair, OB10 and Accountis had very low market penetration then (and same is true now). But they were the best examples an ambitious startup could look upon. Causeway’s Tradex and Burns e-Commerce’s Bex were ignored due to various reasons. Number of other models were studied including Ariba, Xign, Harbour Payments, Esker, etc. At the time, the idea was to develop a product that harnessed the best of Accountis and OB10. The key ingredient taken from OB10 was the…

United Data #2 – Teaming up with Accountancy Age

According to David Ferdinando, Regional Director – London South of United Data: “The decision to sponsor the Accountancy Age awards was a natural choice. Over the next three to four years, the impact of ‘open networks’ will have a significant effect on the way every finance department in this country operates. United Data will be at the forefront of that change with ExDox ?, Europe’s first free to join Open Document Network, which becomes available in November to coincide with the Awards.” Well done David with striking such an important strategic partnership – getting accountants and financial directors on your…