I recently had the chance to do a two + hour demo with one of the top players in the E-Invoicing world, Basware. But more on that experience in a forthcoming post -- as well as the E-Invoicing and EIPP market as a whole. In the meantime, I thought it would be worth highlighting how cost should not be a barrier to firms entering the E-Invoicing game. According to a PC World Article, Zoho recently announced its foray into the E-Invoicing arena offering a new invoicing module that lets suppliers "invoice customers by e-mail, track receivables, and collect payments online." Granted, it's not a procurement-organization driven model just yet, but still, I suspect that as vendors like Coupa are redefining basic eProcurement price points, we'll see similar entries in the E-Invoicing world. According to PC World, Zoho Invoice allows companies to export data into accounting applications. But the most unique thing about the application is not its functional prowess. Rather, it's the price. To this end, "the free edition of Zoho Invoice limits you to 5 invoices per month. The high-end plan, which offers sufficient capacity for most small businesses, costs a relatively modest $35 per month." Even at these price points, the application supports multiple currencies.
- Jason Busch