Bob Cohen, vice president of Basware, wrote in this post that Purchase-to-pay technology enables real-time visibility into all purchases and invoices across an organisation. With this insight, healthcare companies can effectively manage spend and cash flow.
While reducing healthcare costs is a global need, the spotlight is particularly focused right now on the U.S. market because of Obamacare. As part of this new health insurance system, efforts need to be made to make healthcare more affordable. That is why healthcare providers are turning to technology to find ways to dramatically cut costs and eliminate waste.
EDICOM wrote in a post that on July 16th, the Official Gazette of the Courts published the Bill on the promotion of electronic invoicing and creation of the accounting record for invoices in the Public Sector. According to the Spanish government the roll-out of electronic billing saves 51 million Euro every year. It would also save 2.3 million paper sheets.
Under the new law, suppliers must submit and transact their receipts electronically via a general entry point for electronic invoices to be used by all Administrations.
As time goes by we can see that e-invoicing is evolving. After the Basware+MasterCard deal, the Tradeshift+CapitalAid deal, the Tungsten+OB10 deal, we now see the Visa+@UK deal. It displays a trend where e-invoicing now longer sits on itself, but becomes an integral part of larger business processes. Good news for e-invoicing adoption and innovation.
Read MoreAt the end of September Basware announced their exciting partnership with MasterCard to combine payment processes with electronic invoicing network. By combining their skills, expertise and networks, they are able to bring great value to businesses of all sizes and economies around the world.
As this infographic shows, this will boost cash flows and financial confidence – and ultimately help the world economy to grow. As you can learn from the interview videos, their joint offering can help to mitigate fraud and other impediments to cash flow.
Sebastian Christow, Director of Electronic Economy, Department of the Polish Ministry of Economy, revealed at the EXPP Summit that Poland is to adopt PEPPOL for B2G e-invoicing After Norway, Denmark, Sweden, France, Italy, Austria, Ireland, Poland is the next country to implement PEPPOL. Though the PEPPOL project ended last year, the results are now administered in the OpenPEPPOL community.
After one year of operation, the OpenPEPPOL Association counts almost 80 member organisations from the private and public sector across 17 countries, with over 60 Access Point providers. Read More
In a series of posts Mikkel Hippe Brun from Tradeshift discusses the new EU B2G e-procurement and e-invoicing directive. Mikkel makes the comparison to the successful PEPPOL infrastructure and wonders why the draft directive on B2G e-procurement and e-invoicing calls for a blank slate – effectively ignoring the success and hard work of several member states in demonstrating a scalable solution for Europe.
Mikkel also takes a look at the success of the GSM standard in Europe and what it meant for the European telco industry. And between the lines you can read about the danger that just like SEPA, the EU gets stuck with a pan European system that throws away the efficiencies, first mover advantages and great lessons learned by the Nordics.
SEEBURGER started a strategic alliance with Singapore-based BPM Consulting to offer secured B2B communication and file transfer solutions in Singapore, Sri Lanka and India.
SEEBURGER currecntly has a presence in mainland China, Japan, Malaysia, Indonesia, Singapore, Hong Kong, Vietnam, Thailand and Australia. The company continues to expand its representation in the region as Asian businesses recognize the need for data security and Managed File Transfer. The alliance with BPM Consulting is strategic in two ways. BPM Consulting is experienced in SAP consulting and SEEBURGER has a long history of cooperation with SAP.
Late 2011 we already wrote about e-invoicing in Kazakhstan. At that time the Deputy Chairman of the Tax Committee Argyn Kipshakov said that Kazakhstan was to switch to electronic invoicing as from 1 July 2012. But that has been postponed to July 2014. As from October 2013 a pilot mode with electronic invoices is planned with taxpayers that have voluntary expressed the desire to start with einvoicing.
According to Tax Committee in Kazakhstan, ensuring comprehensive control of reflection with individuals of the income and identification of the persons who are evading paying taxes, is complicated as the declaration on the income and data on property are submitted by only 3.8% part of the population of Kazakhstan. Perhaps they’d better start with upgrading that percentage before thinking of introducing online billing.
Where BravoSolution offers spend analysis, eSourcing, contract management and vendor management solutions, Basware focusses on the automation of procurement and accounts payable processes. And by combining both technologies and process expertise, the partnership can extend the value delivered to customers and plug the ‘savings gap’, a common issue in which value leaks from negotiated supplier contracts due to non-compliance in the corporate purchasing process.
And this is how it works: upon completion of a strategic sourcing initiative, the resulting contractual agreement can proactively be managed across its entire lifecycle and activated across the business.
The new system should result in a sharp drop in the administrative burden both for the government and for businesses. It should also provide a powerful tool in monitoring and reducing payment terms.
With e-invoicing the Flemish government wants to achieve an efficiency gain of € 7.6 million on a total of 700,000 invoices per year. The implementation of the system goes through various phases. Around January 1, 2014 a digital billing platform is erected to make it possible to receive invoices. As from 1 January 2015, companies have the opportunity to send digital invoices to all entities of the Flemish government. By 2017, all invoices are to be received and processed digitally.
