EIPP/e-invoicing
From industrial revolution to FinTech and how the market will evolve
This post was first published on Linkedin One upon a time, UK’s manufacturing led the industrial revolution. And my adopted city, Manchester played a significant role during the industrial revolution thanks to the booming cotton trade at the time. As manufacturing moved to low cost labour markets, London became the centre for the financial services […]
Sage goes free with BillingBoss
It is not often I get to know a new product before Dennis Howlett, especially in the accountancy software market. But it seems Dennis as well as most people at the HQ of Sage in Newcastle-Upon-Tyne may not have been aware of BillingBoss released by Canadian subsidiary of Sage. I was contacted on 21st September, […]
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 […]
TBiConnect joins a foray of e-invoicing startups to be funded by Venture Capitalists
Latest to join the e-invoicing startups to be funded by Venture Capitalists is TBiConnect run by Simon Fox. Both OB10 and Burns e-Commerce top the VC funding tables for attracting the most cash to date. Among other funded companies include Accountis from North Wales, but they still require a significant funding round to enable an […]
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 […]
EIPP Market Analysis by Forrester
You can download the original powerpoint presentation from Forrester (thanks to Jean-Philippe Massin for the story). The title above is A/P EIPP. Once again, the theme is about purchaser-centric exchange solutions. I personally do not like the idea of segregating companies into purchasers and suppliers. In the long run, the solutions that cater for both […]
Burns e-Commerce, Accountis, OB10 and Causeway get new facelifts in 2006
I used to really dislike the website of Burns e-Commerce. Probably they hated it as well. Look at the new facelift given (launched in Dec 06). Not just that, there is a new logo as well. But I am disappointed with the followings: Details on the management has been removed. I know they went through […]
EIPP is hotting up – Sprinter from Bottomline Technologies
Recently, Bottomline Technologies announced an Integrated Solution for End-to-End Purchase-to-Pay Automation. Bottomline has been in the Electronic Invoicing Presentment and Payment (EIPP) (also called e-invoicing) market for number of years, have supplied solutions to many organisations across Europe and North America. What is so special about, Sprinter? Its claimed to be a modular solution that […]
HSBC Launches Accounts Payable Integration
Continuing from my previous article, Two Heavy Weights enter EIPP market, GT News reported in March that HSBC has launched A/P integration service. HSBC calls this service, Accounts Payable Integration (API). I wish they chose a different name. In our industry, API stands for Application Programme Interface. APIs are needed to build interfaces between different […]
Sage Visma and Hg Capital
Few weeks ago, David Terrar and I got excited by the news of Sage eyeing Norwegian Visma, who we thought had a SaaS model. But now it emegered that Hg Capital may have beaten Sage in acquiring Visma. I see participation of private equity in accounts/ERP/EIPP as a positive step, given that ebdex is also […]