Iron Mountain to hire 550 people in new invoicing unit

Today we learned from Reuters that the US based Iron Mountain is saying it aims to hire a staggering amount of 550 people in Europe during the next three years. Iron Mountain launched a new invoice management unit the 9TH of March.

The US-based company aims to win new business by offering digital invoice management to companies across Europe as costs of handling invoices are high and e-invoicing has not picked up due to the lack of standards.  Bettina Wonsag, chief of the new European unit, told Reuters that “There is a huge potential here … especially in financial services and retail we see a very big market”.

Iron Mountain also said its recent market study shows that companies are unaware of the true costs of handling invoices, and shy away from e-invoicing due to its complexity. The study also revealed that only 4% of invoices are transferred electronically in Europe these days. However in Germany, Britain and Spain 36 to 40 percent of large companies would introduce e-invoicing if they were a single standard, Iron Mountain said referring to its market survey.

This American surprise raises some questions though:

1.       Are all of these 550 newly hired all signed up for invoicing automation and e-invoicing?
2.       If yes, in what way will the personnel costs affect their pricing model?
3.       If standards are the main issue, how are they going to/ can they change the behavior of companies?
4.       Why can’t we find more information about this on their sites?

Still, it sounds great. This way the EU doesn’t have to wait until 2020 to let e-invoicing become predominant.

More information
http://www.reuters.com/article/2011/03/09/ironmountain-invoicing-idUSLDE7280ZB20110309


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1 Comment


  1. This would give more jobs to people. This is really a good marketing strategy.