Invoicing Content

Turbocharging E-invoicing Through the Supplier Network Value Proposition [Plus+]

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As we discussed in the first part of this e-invoicing research brief, there are many more goals of automating the invoicing (and invoice receiving) process than simply driving process efficiency. Indeed, advanced e-invoicing deployments now go far beyond the plumbing required to automate the issuance, workflow and approval of an invoice in a streamlined manner with as few accounts payable touch points as necessary (not to mention providing suppliers with greater visibility throughout the process). Today, supplier networks have emerged to extend the value proposition of basic e-invoicing to a number of new areas, including the better management of working capital (and much more). In the second part of this series, we discuss how supplier networks are extending the e-invoicing value proposition, advanced scenarios that e-invoicing and network providers are starting to enable today and who some of the key vendors in the space are, including specialists, suite providers and regional solutions.

How E-Invoicing Extended Procurement’s Influence with Accounts Payable [Plus+]

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Editor's note: This is a refresh of our 2016 series on e-invoicing's influence on procurement-accounts payable relationships, which originally ran on Spend Matters PRO.

In this Spend Matters Plus research brief, we examine how procurement, through the use of technology, has extended its range of influence from its own processes to accounts payables and made electronic invoicing and supplier connectivity instrumental in the outcome of what we now call procure to pay (P2P). We also discuss the evolution of the purchasing function up to the integration of e-invoicing, the value proposition of e-invoicing, its challenges, what we see coming in the e-invoicing market and, finally, who some of the solution players are within the space.

Trends in E-Invoicing Compliance: Real-Time Tax Clearance and Transaction Automation

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Sovos TrustWeaver released the 10th edition of its paper analyzing the trends that are currently affecting global e-invoicing compliance. The new edition outlines a global trend toward real-time tax clearance of invoices and how it affects daily businesses’ operations and business-to-business transaction automation strategies. “This ... white paper on global e-invoicing is a treasure-trove of analysis and facts about the digital tax tsunami that few experts would disagree is now a solid global trend.”

BirchStreet Systems: Vendor Snapshot (Part 1) — Background and Solution Overview [PRO]

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While BirchStreet Systems, a 16-year-old provider of purchase-to-pay solutions, is best known as a provider with deep expertise in the hospitality industry, followers of Spend Matters SolutionMap know the company offers more than just vertical-specific functionality. In fact, based on its performance in the Q4 2018 E-Procurement and Procure-to-Pay SolutionMaps, BirchStreet consistently holds its own, from a feature/function perspective, with other solutions taking a more horizontal approach, including SAP AribaCoupaDetermineGEP, Ivalua, Jaggaer, SynerTrade and Zycus.

This Spend Matters PRO Vendor Snapshot provides an overview of the BirchStreet Systems, along with facts and expert analysis to help buying organizations evaluate the vendor. Part 1 of our analysis provides a company background and detailed solution overview, as well as a summary recommended fit suggestion for when organizations might want to consider BirchStreet. The rest of this multipart research brief will cover product strengths and weaknesses, competitors and SWOT analysis, user selection guides, insider evaluation and selection considerations.

Ad Hoc Working Capital and the Diversification of Liquidity

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When it comes to working capital and liquidity today, there are more options than just black. Almost all companies have some form of permanent capital to fund their business operations. Even the smallest companies typically have an overdraft facility or business line of credit with their bank. Larger companies are serviced by an array of conventional (banks, factors, ABL) and non-conventional (asset managers, insurers, specialty finance) financial firms. Until recently, however, the idea of ad hoc working capital to supplement more permanent forms was not a reality, since the combination of technologies such as e-invoicing, dynamic discounting, API integration and supplier portals were being developed along with third-party sources of capital. But through rapid B2B digitization and more widespread deployment of purchase-to-pay and supply chain collaboration platforms, companies now interact with their buyer-supplier ecosystems in new ways that enable and simplify ad hoc working capital.

Top P2P Articles of 2018: Technological Leapfrogs, Market Forecasts and New Frontiers

The procure-to-pay area may seem straightforward. Procurement primers on the subject often segment the P2P process into seven or nine steps, making its components easy to grasp even for the uninitiated. Yet go one layer deeper and numerous complexities emerge — to be followed by still more as one peels the process architecture and technology onion. (Consider, for example, our multiple stories on the intricacies of catalog management.)

This cascading complexity is one reason that P2P-related topics — like e-procurement, invoicing and payments — are consistently some of the most-read articles on Spend Matters. To see why, here are the top five posts that readers sliced, diced and consumed.

Tradeshift Acquires Babelway, Adding Integration Heft to Its Platform

San Francisco-based Tradeshift, a platform provider for supply chain payments and marketplaces, announced Tuesday it has acquired Babelway, a Belgium firm that focuses on ways to simplify B2B integration. Tradeshift CEO Christian Lanng details the deal in an interview with Spend Matters' Jason Busch:

Year-end ‘Dash for Cash’ — 7 Steps to Free Up Funds Without Resorting to Tricks

It’s the end of the year, time for New Year’s Resolutions, a little vacation time and Christmas Party hijinks. But the Hackett Group, a business consultant and digital transformation specialist, is cautioning against year-end fiscal shenanigans, where money is shuffled around to make it appear that the company has hit the finish line in full stride. A new paper from the group lamenting the yearly “dash for cash” argues that you can look for sustainable, healthy ways of freeing up cash at the end of the year without pulling any three-card-monty tricks. According to the paper on working capital, many companies think it’s too late at the end of a quarter or year to free up significant cash. But it suggests 7 steps you can still use.

How the Contagion Effect Could Blow Up Network Finance

In the real world, you plan for an event and it works out for a while. Then things fall apart. So you react and plan more — hoping to stop the problem from creating a contagion effect.

And here you are, thinking that you built this nice network finance model to finance your suppliers not just on approved invoices, but invoices that have been issued, or even more upstream, purchase orders that have been issued. And things have been working smoothly for a couple of quarters, or maybe for even a year or two.

But then it happens. More things fall apart.

SolutionMap: 58 Procurement Software Companies Ranked (Q4 2018 Update)

Spend Matters today released its Q4 2018 SolutionMap, ranking 58 procurement software companies across 12 solution categories, including E-Procurement, Sourcing, Spend Analytics, Supplier Relationship Management and Contract Lifecycle Management — and we're adding Coupa, Wax Digital and other new providers to the SolutionMap ranks. Click on this article to see how to access rankings for free!

Q4 2018 Invoice-to-Pay (I2P): Provider Scoring Summary

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This SolutionMap scoring summary analyzes a select group of invoice-to-pay solution providers. It is part of our Q3 2018 SolutionMap report series, also featuring spend analytics, sourcing, supplier management, contract management and e-procurement providers. Our Q3 release also features a SolutionMap for procure-to-pay and strategic procurement technology suites.

Q4 2018 SolutionMap E-Procurement, Invoice-to-Pay and Procure-to-Pay Release Notes

This Spend Matters SolutionMap Insider release note provides insight into the Q4 2018 SolutionMap release for E-Procurement, Invoice-to-Pay (I2P) and Procure-to-Pay (P2P), reviewing the process that we follow and highlighting what has changed since the last release. The Q4 2018 SolutionMap release sees a few changes from the Q3 2018 version. This includes the addition of one new provider: Wax Digital (E-Procurement). Additionally, a number of providers have received updated scoring based on the submission and demonstration of new production technology release capabilities. And the Procure-to-Pay customer reference set added 72 new individual customer references in Q4.