Corcentric provides Suburban Propane with COR360: state of the AP automation

April 18th, 2014 by in Invoice Automation, North America

Corcentric is about to implement its AP automation solution COR360 for Suburban Propane. Suburban Propan is a nationwide US marketer and distributor of energy-related products, including propane, fuel oil, and refined fuels.

The integration of COR360 into Suburban Propane’s Accounts Payable processes will help the company bridge the last automation gap related to their non-PO based invoice workflow.

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The E-invoicing Board Game is bound to make you smile. Let’s play!

Because we love this infographic/poster/board game from Esker so much, we wanted to present it to you. It drills the e-invoicing compliance and decision making process down to a board game. All credits to Esker and the creative director of this neat little project! Check it out underneath or download the PDF, and give it a go.

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UPDATE: Towards a single standard for e-invoicing in EU public procurement. In 6 years. Wow

Commissioner for internal market and services Michel Barnier said the move to e-invoicing would “contribute to eliminating barriers to cross-border public procurement” and could generate savings of €2.3 billion per year across the EU.
However as “it would take 3 years to deliver the standard and that would be followed by another 3 years to deploy it”, this move to e-invoicing is way to late to help make the 2020 EU e-invoicing ambition a reality… It’s time for mandatory EU e-invoicing.

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Wowsers! Fundbox wants to streamline a 12 trillion dollar B2B (e)invoicing market.

Fundbox acts as a microlender for small businesses that cannot afford to wait for money from clients that can often take up to 90 days to arrive. Fundbox identified this as an underserved space, in that banks tend to be reluctant to lend to small businesses, particularly in small amounts.

Fundbox says that the business-to-business invoice area is worth $74 trillion, a much bigger market than the $3 trillion business-to-consumer one that includes competitors like Visa, Paypal and Square.

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Short: BancTec acquired by investment firm and integrated with Dataforce

Short: BancTec acquired by investment firm and integrated with DataforceHandsOn3 is a global buyout manager based in Santa Monica. It announced that it along with Delos Capital Management has completed the previously announced acquisition of BancTec. BancTec is a major Business Process Outsourcing (BPO) company.

HandsOn3 will combine BancTec with its existing portfolio business, Dataforce Group, with the goal to create one of the largest BPO businesses addressing the transaction processing, workflow and document management markets.

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The Belgian VAT authorities publish new rules on e-invoicing

April 14th, 2014 by in Electronic Invoicing, Europe, Government, Legal

Shortly after the UK announced the new rules on einvoicing, the Belgian VAT authorities issued Circular Letter 14/2014 of April 4, 2014. And it won’t come as a surprise that this new einvoicing rules neatly follow the EU Directive. So, the letter provides comments regarding the conditions of e-invoicing and guidelines regarding the implementation of e-invoicing and archiving.

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“3 Ways to Audit Accounts Payable Performance” a Webinar for AP Professionals

A highly-efficient accounts payable department can have a substantial impact on an organization’s bottom line and spend management. This Webinar will discuss the top three ways AP professionals can audit their internal controls and performance to position their organization for success in lowering costs and increasing operational efficiency.

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4 big UK refrigeration logistics companies rack up e-invoicing savings with Atlas Products International

April 11th, 2014 by in Electronic Invoicing, Europe

For four of the UK’s top eight temperature controlled logistics businesses, Atlas is there e-invoicing service providers. These four companies are: NFT, Culina Logistics, Yearsley Logistics and Grocontinental. And thanks to Atlas these four are achieving substantial cost and efficiency savings with Atlas’ secure e-invoicing service. And there is more!

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Facts and figures on OpenPEPPOL, as RICOH becomes 100th member

April 11th, 2014 by in E-procurement, Electronic Invoicing, Europe

OpenPEPPOL is celebrating an important milestone as Ricoh Nederland B.V., a Dutch service provider currently setting up a PEPPOL Access Point, became the 100th new OpenPEPPOL member.

Growing faster than any other e-interoperability initiative in Europe (perhaps even globally), we thought it would be nice to write down some facts and figures on OpenPEPPOL.

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Three recent developments in AP Automation from Top Image Systems

In a matter of weeks Top Images Systems, announced several developments; showing its increasing footprint in AP automation, scanning and mobility. The first example is that Top Image Systems and OPEN SCAN Announce a mobile image processing partnership. Next Top Image Systems and Konica Minolta Business Solutions Spain announces that they were going to deploy their eighth joint project.

Finally Top Image Systems announced to have won a $342,000 Multi-ERP AP Automation deal at a leading European dairy producer.

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