The Netsend Blog
The latest news and views in the world of e-invoicing/e-billing and document distribution technology.
How Legacy Invoicing Processes Slow a Supplier’s Cash Flow
Cash flow is literally the lifeblood of any business; anything that slows down that flow will have a deleterious effect on the organisation. This is true in the best of times but becomes an even greater problem when disruption occurs…and there are few situations more...
Netsend, a Corcentric Company
After a busy start to 2020, helping clients adapt billing processes to prevent impact from the coronavirus lockdown, we felt it was now appropriate to take stock and talk a little more about our exciting plans for the future. 2019 was a transformative year for...
Net 30, Net 45, Net 90 – Credit Management in the Face of Increasing Payment Terms
Everyone wants to get paid as quickly as possible, but payment terms are a fine balancing act. In some industries, suppliers face lengthening average payment terms – not to mention the challenge of collecting to those terms in a timely fashion. Long payment terms were...
The Evolution of Invoicing: from Envelopes to Email, to EDI
There’s no doubt about it, we live in changing times. Unarguably, the biggest driver for change, in recent years, has been the need to meet the isolation and social distancing requirements relating to the coronavirus (COVID-19) pandemic. Businesses have been forced to...
Protecting Billing Cash Flow from the Coronavirus
Coronavirus, COVID-19, it’s hard to read a news post without some mention. A week ago, I would have felt cautious about appearing to be jumping on the bandwagon as this topic trends across every social media platform, search engine and newsstand. Globally. But...
Mandatory e-Invoicing in the EU
Electronic invoicing is fast becoming more than just a standard practice globally. After all, with the benefits of speed, cost and accuracy all widely proven now, it’s hard to justify retaining paper-based processes. In fact, the practice is so prevalent that some...
How to Avoid Invoice Fraud
You may have heard of invoice fraud, maybe not. Perhaps a headline buried somewhere in the business section of the morning news. Conversely, you have heard of Google and Facebook, companies that in 2019 paid out US$23 million and US$100 million, respectively, as...
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...