Finland is relatively far in e-invoicing B2B segment but B2C is in a low
penetration stage at the moment. So how come these two segments have
followed different paths?
The City of Huntsville is offering a new, fast, efficient, and eco-friendly service for its water customers called E-Bill. Utility Billing customers may now sign up to receive an E-Bill–an
electronic bill viewed online. E-Bills replace paper bills, saving
resources and reducing waste, and are sent via email to utilities
customers.
In comparison with paper-based processes, electronic invoice handling
processes make it possible to reduce costs by 50-80%. Investments in
electronic invoice processing can therefore often be gained back within 6
months.
Many companies are already using electronic
processes. In 2013 around 20 billion bills/invoices globally and 5.5
billion invoices in Europe are likely to be sent and archived paper-free.
Boy what a surprise. You do a e-invoicing survey under SME’s. And
what is the outcome? Well, that most of them use e-mail and PDF for
e-invoicing. Now, for all of you that are eager to say that that is not
e-invoicing, talk to those SME all over France, Europe and the world
for that matter. Because this what they believe. And keep in mind that
these SME’s are strangely enough your future customers.
US Dataworks, Inc. (OTC Bulletin Board:UDWK), a leader in cloud payment
processing solutions, today announced it has partnered with Revo
Payments to expand its Clearingworks cloud lockbox solution to include
electronic invoicing. The combined product offering delivers an
end-to-end eInvoicing and payment solution using private cloud
technologies to make it easy to implement for businesses of all sizes.
Banks can now serve their middle market customers with the advanced
electronic lockbox technology and receivables automation previously
available to only large corporations using highly customized solutions.
The Clearingworks solution also images all paper invoices, remittance
documents and checks for a complete invoicing and receivables solution.
