Maex Ament from Taulia explains how the platform connects large buyers with small suppliers for early-payment programs. The shift from paper to electronic invoices happens two ways: fully digital or PDFs with embedded data. Success depends on invoice data that matches the purchase order, so approval happens faster.
Chapters
So we connect buyers and suppliers for the purpose of electronic invoicing, probably a topic you want to talk about here, and equally or more importantly for early payments. So we enable small and medium businesses to request earlier payments from their corporate buyers. Paper is going electronic, and there are two ways it goes electronic. The first one is it goes end-to-end electronic, and the second way is that PDFs are generated, PDFs that embed the data. A very important component of a successful working capital program is that an invoice is available for an early payment, and the key component for that is— one key driver is the data quality so that the invoice matches the purchase order, that the invoice can be approved faster, and so it can be offered for early payment. And since we want to address the PDF invoicing, we obviously rely on the support of CloudTrade.