€246 million free to Irish companies!

March 18, 2011 - PRLog -- In 2011, roughly 5 million European businesses and 75 million consumers are expected to send or receive electronic invoices. They will exchange more than three billion E-Invoices. But the majority of businesses in Europe and Ireland continue to send and receive paper invoices.
An organisation can save 1-2% of their turnover by replacing paper invoices and optimising the related supply chain processes. According to Bruno Koch, the report’s author, “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.”
“The Irish economy faces many challenges but for Irish businesses, the capability to embrace and master continued supply chain change will be key,” said Michael O’Brien, Head of Marketing at Celtrino. “By embracing business process change such as e-Invoicing, Irish businesses can make real-time decisions based on access to key supply chain data, establish long term competitive advantages and drive out excess costs.”
The unfavourable economic climate that has prevailed in Europe and particularly in Ireland has forced an overwhelming consensus amongst businesses over the need to reduce overall organisational costs. The report is keen to point out that traditionally e-Invoicing projects were the preserve of large corporations but cloud-based solutions now make e-Invoicing an affordable option for the SME sector.
We are delighted to sponsor the ‘E-Invoicing / E-Billing in Europe and abroad’ report,” said Michael O’Brien, Head of Marketing at Celtrino. “There is a wealth of useful information contained within the report and from our perspective, it reinforces Celtrino’s concept of Smart Admin™ which underpins the effective and efficient management of B2B intercompany transactions.  You can download a FREE copy in our reports section at http://www.celtrino.ie “

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Celtrino specialises in business process and supply chain document automation solutions. With over 20 years of successful trading under our belt, Celtrino has consistently delivered outstanding business value to our customers.