We’ve just opened our newest European office in Odense, Denmark, continuing our international expansion.  As we’ve been the purchase-to-pay market leader in Scandinavia for several years, Palette Danmark A/S has been set up to grow our sales and support operations across the country.

Danish companies that already use PaletteArena include Jensen Boefhus, Tempur, Montana Furniture, Bruuns Bazaar and Kvik. Jörn Christiansen will be the head of Palette Danmark A/S.  The move follows the opening of our UK office in Autumn 2010, headed by Lucy Beck.

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Since 1 January 2011, companies in Holland have been able to submit their invoices to the central government electronically – but it seems that paper invoicing is still the dominant method.  All 78 central government organisations in Holland are poised to move to eInvoicing, handled by Digipoort, the electronic post office of the government. 

"Electronic invoicing is faster, easier and therefore cheaper," said Mr. Verhagen, the Dutch Minister for Economic Affairs, Agriculture and Innovation.  He went on to say that the move is good for taxpayers, and for businesses.   

Minister Verhagen wants all other levels of government (provinces, municipalities) to be ready to receive electronic invoices in 2018.  However, of the 14.4 million invoices sent to government authorities, only 6% were digital and of those, 80% were printed and processed manually.

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On the PurchasingInsight blog, there’s an excellent overview of how the idea of dynamic discounting can be viewed within a company, depending on who’s looking at the issue.

Dynamic discounting is a method for delivering a real return on capital – in some cases, over 30% per year – by negotiating discounts for early invoice settlement.  But making it successful depends on two key factors:  first, convincing all internal parties that paying invoices early is a good idea;  and second, having efficient P2P systems that ensure you can always hit the early settlement deadlines and capture the discounts.

The blog has several other articles looking in detail at this issue, which are all well worth reading.

Stena Line, the leading ferry operator, has streamlined and optimised its financial management across the company’s operations in Europe using PaletteInvoice.

As the world's leading ferry operator and an international transport and travel service company, Stena Line currently processes over 160,000 complex, multipage invoices annually.