This blog post on open networks in e-invoicing caught our attention. And this all mainly because of one sentence: “For the sooner the industry can solve the interoperability issues between networks, the better”. Matthew E. Oakes, President and CEO of Direct Insite and author of the blog post, explains clearly why open networks are essential to the adoption of e-invoicing. And since we’re a platform which aims to promote just that, we’re happy to publish Matthew’s main points:
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Open networks will solve the invoice distribution problems that cause friction in the financial supply chain.
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E-invoicing vendors have jumped into the fray, touting their own version of an open network. While these vendor networks have different approaches to things like invoice submission, user configurability, control, and integration, this is unquestionably a step in the right direction.
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Like the cellular phone industry, the end-game in electronic invoicing isn’t about open networks. It’s about the value provided by the “edge” solutions.
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That’s why e-invoicing vendors should move as quickly as possible towards truly open, inter-connected networks, so they can focus their energies on attacking the “edge” services that will deliver the most value for companies.
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