A strategic perspective on invoice-to-cash
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Billentis just released their 2015 E-Invoicing and E-Billing Report, which serves as a cross-industry resource for market data and analysis to help understand current and future business impacts. It’s filled with a lot of great insights – stating that businesses that use e-billing and invoicing will help achieve savings of up to 80% and predicting that in 2015 alone, 42 billion e-bills and invoices will be issued globally.
Reading through the 95 page report (yes, there is a ton of information included), one area really stood out. It’s wasn’t the new stats or a recap of the latest technologies. It’s a simple bulleted list of 9 ‘success factors’ for E-invoicing projects. Having worked with a variety of service providers throughout the years, we can attest that many of these are directly tied making or breaking a project – either before it ever gets off the ground or once it’s taken off:
Success factors in E-Invoicing projects
It all boils down to the six Ps – the people, the plan, the product, the project, the process, and the promotion. When one falters, success is impacted. But when all work in sync, the results can be transformative.
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Past, Present, and Future — Industry Trends, Research Results, and Best Practices
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