Financial Pressures Accelerating Uptake In E-Invoicing/E-Billing

Online, April 22, 2013 (Newswire.com) - "Electronic and automated invoice processes can result in savings of 60-80% compared to traditional paper based processing. Thus the payback time on investments in e-Invoicing projects can be as short as six months." This is just one of the findings of Bruno Koch's report into current trends in the e-Invoicing market, and the author emphasizes in the report that e-Invoicing is no longer a "nice-to-have" option, but will soon become a "mandatory requirement" for many B2B companies, including small and medium-sized businesses.

The report details how companies can make significant savings by removing direct costs such as printing, postage and mailroom equipment. But it's the hidden and indirect costs where companies can save the most. According to the report, these indirect costs include processing and reconciliation costs, archiving fees, as well as dispute management.

Koch notes that while cost-reduction can be a problem for many companies, other challenges exist such as optimization of cash flow and working capital, reduction of Day Sales Outstanding (DSO) rates, and the improvement of internal processes. The report reinforces the ability of e-Invoicing to overcome these challenges with a minimal outlay for companies.

Koch goes on to describe six main criteria that companies look for when making an IT investment:
- Promising business case with good ROI
- Reducing fixed costs and replacing them with variable (variable based) costs
- Increasing transparency of invoices in company-internal workflow and reducing circulation time
- Increasing customer retention
- Meeting future technology requirements
- Buying instead of Making; using external solution or services

For Koch, e-Invoicing is a perfect fit for these investment criteria as most e-Invoicing solutions are subscription-based, improve customer support, and can be developed by external vendors.

Celtrino is delighted to sponsor the 2013 Billentis Report, which contains a wealth of information on the drivers of and challenges to e-Invoicing and e-Billing across Europe in both private and public sectors. The report is of vital relevance to anyone working in B2B supply chain industries who wants to find out how to reduce costs while improving the overall efficiency of their internal processes.

To help companies become more aware of the potential issues of implementing an e-trading project and ways to overcome them, we are making this year's report available to download for FREE here: http://www.celtrino.com/campaign/billentis_2013.aspx?src=pr

ENDS

About Celtrino

Celtrino is a well-established provider of hosted supply chain management and electronic invoicing services to businesses across Europe and the rest of the world from its headquarters in Dublin, Ireland.

Building upon more than 200 years' experience in supply chain automation, Celtrino staff develop and supply services designed to improve the workflow, efficiency and profitability of their 1200+ customers.

Celtrino uses industry standard cloud architecture to underpin its hosted e-business solutions, allowing worldwide clients to benefit and perform B2B transactions globally, irrespective of local limitations. Regardless of company size, Celtrino's clients are able to access enterprise-level functionality, providing them with all the tools required to compete actively on the global stage.

Celtrino Platform

The Celtrino supply chain automation platform is purposely designed to scale to meet the huge volumes of inter-company B2B commercial transactions whilst providing the highest level of performance, reliability and business continuity through a fully redundant and secure architecture. The Celtrino B2B platform enables a suite of touchless e-Invoicing and business services to be delivered via Software-as-a-Service (SaaS) which offer a dramatically faster implementation process.

Celtrino contact:

Justyna Seniuta
Marketing Executive
t: +353 1 873 9900
e: [email protected]
www.celtrino.com