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The migration from the old habit of de-electronizing invoices by printing them on paper - and thereby loosing much of the valuable information - and causing a lot of cost for re-electronizing what is left of it - is gathering speed in many ways. Some examples:
- invoice receivers both nationally and multinationally are setting deadlines for paper or unstructered PDFs (really important to get all-to-all concepts and standards in place fast - to avoid fragmentation)
- invoice senders are charging consumers for paper - they have of course paid for them before - but now when it becomes visible the consumers are motivated to act in their own interest (help the service provider to cut cost)
- b2b invoice senders have also started to charge for paper invoices - recent example Shell (3€) and TeliaSonera (5€). What could be more natural and just for all- and more beneficial for the receiver who will not only avoid the hidden cost but also save in the region of 15-25€
Easy to see that this train has left the station.
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
Nkahiseng Ralepeli VP of Product: Digital Assets at Absa Bank, CIB.
10 March
Nicholas Holt Head of Solutions and Delivery, Europe at Marqeta
07 March
Ivan Nevzorov Head of Fintech Department at SBSB FinTech Lawyers
Kate Leaman Chief Analyst at AvaTrade
06 March
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