The Netsend Blog
The latest news and views in the world of e-invoicing/e-billing and document distribution technology.
China makes history – Blockchain e-invoicing is automating trust in the payment process
China produced a world-first in March this year, delivering a commercial example of blockchain e-invoicing. This wasn’t a test-case, it’s a new technology which underpins payments on the Shenzhen Metro System – set to handle 170,000 invoices per day! This is the...
End-to-end cashflow: every invoice sent is an invoice received
Every business sends, receives and pays invoices. When you think about it, every invoice sent is an invoice received by someone else. It’s the financial heartbeat of the business world and a seamless flow of information between the creditor and the debtor should be a...
AI and Machine Learning in Credit Control
Artificial Intelligence (AI) is poised to transform many digital processes. In particular, machine learning, as a subset of AI, presents a step-change in credit control processes. Through the application of machine learning, credit controllers will be able to identify...
Solid Architecture: Scalability, Security & Availability in e-billing
Businesses require scalability, security and availability in e-billing to maintain cash flow and protect sensitive information. E-billing processes encompass the delivery of e-invoicing, statements, dunning letters and any other communications pertaining to the...
Mandatory B2B e-invoicing – how Italy is driving change in Europe
B2B e-invoicing is being pushed forward again by Italy, with the requirement for all private companies to submit invoices electronically via the official exchange system - Sistema di Interscambio (SdI). This follows on from the requirement this July for all invoices...
Enhancing B2B eCommerce Infrastructure to Retain Customers
Enhancing B2B ecommerce infrastructure to retain customers is a core challenge in competitive markets today. Retaining customers, from an ecommerce perspective, is about providing a customer experience which keeps them coming back. This customer experience needs to go...
Netsend attends eCommerce Expo 2018
Netsend are thrilled to be exhibiting at this year’s eCommerce Expo in Kensington Olympia. Come and visit us at stand E8. We will be demonstrating how Netsend fulfils a crucial role in the ecommerce ecosystem – vastly improving both customer experience and cash flow...
GDPR and Accounts Receivable
The General Data Protection Regulation has been a hot topic of late. Designed to empower and protect individuals, with regard to their data, the GDPR places considerable onus on businesses to improve data handling. With the regulation now in place, Accounts Receivable...
Managing Risk in Credit Collection
With the recent collapse of Carillion in the news, it has drawn attention to the potential risks when credit is extended to any business partner. Carillion was dubbed ‘too big to fail’ by some1, but fail it did – leaving an ecosystem of business partners with unpaid...
Ebilling – as part of the MBA in Credit Management
As a leader in the ebilling space, we were recently asked to contribute to course materials for a module on ebilling, as part of a larger MBA in Credit Management. It’s an honour to help shape the academic understanding of such an important field. The MBA materials...
Auditing and audit trail for e-invoicing and document distribution
Auditing in Accounts Receivable used to be a painful process, as it can still be for many businesses. However, this needn’t be the case with the advent of e-invoicing. Audit trails can be generated at the touch of a button. Electronic documents, such as e-invoices,...
Blockchain in Accounts Receivable | Blockchain Tech for AR
Whilst blockchain technology is most often associated with cryptocurrency (e.g. Bitcoin), there are enormous opportunities for this across the business. One such potential application is blockchain in Accounts Receivable, as part of the e-invoicing...