Tag Archives: cost reduction

Click here to read Part 1! The Landscape OK, we understand there are some potential upsides for both Banks and corporations. But how far have we come? Let’s have a look on where we stand right now, is there a market or not for this?  The total estimated market value for the entire Financial Value Chain (Order-2-Cash, Purchase-2-Pay) in Europe is € 200 Billion annually and less than 10% of this is put [...]

Why e-invoice at all? First we need to figure out if and why e-invoicing may be a potential “cash-cow” (for Banks?), “Money-saver” (for Corporates?) and “new-basic-electronic-demand” (for Consumers?). Based on experience, a corporation can save about one to two percent of its sales per year by switching from traditional invoice processing to e-invoicing. One can exemplify it by separating some of the incoming and outgoing invoices, as issuer of invoices you can make a saving [...]