Day: June 29, 2007

In my opinion, Electronic Invoice Presentment and Payment (EIPP) is not an easily understood subject by Venture Capitalists (VCs) even though Burns e-Commerce, OB10 and Accountis had significant funding from the VC community. In the case of OB10, this is believed to be in the range of US$30m. But according to Jamie Gunn, CEO of OB10 “we never had the level of investment widely reported”. May be this is due to not meeting the financial targets set by the investors. To my knowledge, OB10 is not yet profitable but has achieved significant year-on-year sales growth over the last 3 years.…

Mercator Advisory Group has released a 28 page report with a whopping price tag of $2,450 on purchasing cards, integrated procurement solutions, the commercial card market capturing supporting solutions such as Electronic Invoice Presentment and Payment (EIPP). According to the press release, the highlights of this report include: The field for purchasing card issuing has changed in the last decade to better accommodate end-user enterprises’ technological and operational needs. Recent acquisitions and investments by major issuers have brought enhanced solutions technology in-house as an added value to current and prospective customers. The impending launch of the federal General Services Administration’s SmartPay®2 charge card…