Alphamatic Simplifies processing PO’s and invoices through Ariba [Study]

For years, processing purchase orders and invoices at Alphamatic meant tons of paper, delays in payments and errors that required effort-intensive customer follow up. To remedy the situation, Alphamatic decided to joined the Ariba Network. It has quickly seen results.

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Pagero expands reach, opens office in Dubai

March 22, 2015  |  Asia, Electronic Invoicing  |  Comments Off

Pagero’s services aim to enable companies to digitally communicate business messages with each other, independently of ERP system, industry and transaction volume.

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Bank of China lowers SME credit threshold

Bank of China lowers SME credit threshold

March 13, 2015  |  Asia, Electronic Invoicing, Supply Chain Finance  |  Comments Off

Bank of China had provided loans to more than 8,000 SMEs through 500 supply chain finance projects. The amount of loans increased to nearly 1 trillion yuan ($160 billion) last year from 74 billion yuan in 2009.

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Tungsten gets the go ahead for e-invoicing in India

March 11, 2015  |  Adoption, Asia, Electronic Invoicing, Government  |  Comments Off

Tungsten Corporation has received nationwide approval in India to deliver services related e-invoices. Tungsten also helped effect a change in legislation, allowing all service-related invoices to become 'e' in India.

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Introducing FIT Solutions: creator of world’s new ‘e-Transformation’ concept

March 10, 2015  |  Asia, Electronic Invoicing, Europe, Featured Articles  |  Comments Off

We are glad to welcome yet another participant from Turkey. It shows once again that Turkey is at the forefront of e-invoicing, e-ledger, e-signatures, e-archiving and e-ticketing.
According to data from Turkish Information Technologies Industrialists Association, the e-Invoice market in Turkey is approximately worth 300 million dollars and Turkey is expecting a rapid and significant growth of market through ‘e-Transformation’. FIT Solutions is taking an active role in this process with their added value services.

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Singapore is the Asia Pacific leader in e-invoicing; ApexPeak explains why

Singapore is the Asia Pacific leader in e-invoicing; ApexPeak explains why

February 6, 2015  |  Asia, Electronic Invoicing, Government  |  Comments Off

Singapore is one of the few nations in the Asia Pacific region to have mandated the practice of e-invoicing. Since May 2008, e-invoicing has been mandated by the government for their suppliers.

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Tradeshift partners with Recruit Holdings, solidifies Japanese market presence

January 29, 2015  |  Adoption, Asia, Electronic Invoicing, Supply Chain Finance  |  Comments Off

According to Akihiko Okamoto, president of Recruit Strategic Partners, both Tradeshift and Recruit Holdings understand that the way businesses interact is changing. This partnership will help even more Japanese businesses recognize their goals.

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Vietnam starts mandatory e-invoicing pilot with 200 enterprises

January 14, 2015  |  Asia, Electronic Invoicing, Government  |  Comments Off

The Vietnamese Ministry of Finance has announced a pilot scheme to allow 200 firms in Hanoi and Ho Chi Minh City to use electronic invoices late this year. According to the newspaper, the electronic bill will be provided with authentication code and unique identification number and a QR Code.

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30 percent of invoices in Hong Kong are paid late! What to do?

January 13, 2015  |  Asia, Credit Management, Payment  |  Comments Off

There is nothing quite as gratifying as receiving a cheque in the mail from a customer, or an SMS notification from the bank announcing the arrival of payment for services rendered. Late payments, on the other hand, can signal cash flow disaster for growing small businesses.

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We give the floor to our supply chain finance sponsor: ApexPeak

January 7, 2015  |  Asia, Electronic Invoicing, Featured Articles, Supply Chain Finance  |  Comments Off

ApexPeak is a new capital provider aimed to provide services to small and medium size enterprises directly and those transacting on electronic invoicing networks. Founded in 2012, the firm provides in excess of US$1.3 billion trade finance to businesses located in 160 countries worldwide
By offering a simple, fast, flexible and affordable service, ApexPeak removes the lengthy, manual and restrictive processes required by banks. As a result, their customers no longer need to worry about cash flow problems and can instead focus on growing their businesses.

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