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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. (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. (more…)
