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Day: February 29, 2008

Cracking the e-invoicing conundrum – finally!

Published by Manoj Ranaweera on February 29, 2008

Further to my previous post, I believe I cracked the conundrum attached to e-invoicing today! Now, do not get too excited, as I have not decided whether I am going to do anything about it. Most likely, I will park it for the time being. But let’s explore what the problem is in the first place. What is the biggest problem faced by the e-invoicing (EIPP) market? I argue that at the very top is the lack of market penetration. Paper documents continue to rule. Some of these are now replaced by e-mail attachments, but this does not solve the…

Continue readingCracking the e-invoicing conundrum – finally!

Once bitten, the e-invoicing bug remains forever

Published by Manoj Ranaweera on February 29, 2008

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…

Continue readingOnce bitten, the e-invoicing bug remains forever