Paper invoices are still common with some suppliers. But paper-based invoice processes are not only inefficient as the information needs to be keyed in again in the customer system. Moreover, they are also prone to errors, due to typos or missing information.
Why you need to move beyond plain digitized invoices Read more
The Bosch Group receives its suppliers’ invoices through many different channels, from paper to eInvoicing. Until recently, however, suppliers could obtain an overview of the processing status only for electronically sent invoices. As a result, in addition to balance confirmations or reminders, general inquiries about payment dates or the status of an invoice began to accumulate. For this reason, Bosch, together with SupplyOn, developed a Finance Portal that provides suppliers with a comprehensive view of the processing status regardless of the invoice channel. A request channel in the Finance Portal, which is integrated with other Bosch tools, further reduces internal administrative work and increases the service level. Read more
Despite all the buzz over catchwords like Industry 4.0, automation and digital transformation, when it comes to invoicing, we still live in a mainly analogue, non-electronic, non-automated world. Even today, at the close of 2019, the majority of invoices is sent in paper or unstructured formats. Formats that cannot (or hardly) be processed electronically. This has considerable consequences for companies, locking up resources, time and money. To gain a clearer picture on the real effects of e-invoicing, we conducted a scientific survey.
This year, we had for the first time our own booth at the E-Invoicing Exchange Summit (EXCS19) in Vienna. During this event, we had the opportunity to engage in many highly interesting discussions with invoicing experts from all over the world on the current trends in e-invoicing. Read more
If you believe what you read in the headlines, we’ve already arrived in the brave new digital world. But when it comes to the subject of invoicing at least, the world is currently far less digital and “brave” than it could be. What’s the problem? What problems do companies face in the invoicing process? And how can these be solved?
These are precisely the questions we’re going to get to the bottom of here.
“Added value: global networks,” was the topic of the 52nd BME Purchasing and Logistics Symposium last week in Berlin from November 8th to 10th in Berlin. Read more
Does the e-business solution that supports your business-to-business transactions ensure that your e-invoices remain tax compliant, everywhere, always?
Change in tax legislation is constant
An e-business solution that must comply with multiple countries’ tax requirements has to address the problem of ongoing change. Otherwise, how can a business efficiently deal with the tsunami of new real-time and other regulatory control requirements that governments are introducing? Read more
Electronic invoicing is gaining ground. However, according to the 2017 edition of the Billentis Report, this environment will change fundamentally in the coming years, due mainly to regulatory requirements with an increasing trend towards tax clearance systems and new technologies. The good news: both lead to significant cost savings. Read more
Robert Bosch GmbH was awarded the “BME-Innovationspreis 2016” for its innovative realignment of indirect procurement – a step which will further strengthen the company’s long-term competitiveness.
Integrated IT solutions form a key element of this realignment – and SupplyOn has made a decisive contribution in this respect: It is only thanks to the interplay between the in-house IT systems and the integrated purchase-to-pay solution from SupplyOn that is possible to tie in thousands of service providers and suppliers of indirect material and capital goods to realize a seamless end-to-end process.
Today, everybody is talking about Industry 4.0 and the digitalization of the supply chain – and yet the majority of invoices are still being sent in paper form or in unstructured formats that cannot easily be computerized.
Many companies wishing to implement an e-invoicing solution focus solely on the invoicing process instead of considering the process as a whole, from order to payment. Read more