The need of rapid adaptivity in Finance Management

Amidst changing environment, these are the driving factors that enforces changes in the industry.

The Financial Services Industry has been undergoing a massive transformation.
FSI entities became more sensitive to reduce churn, whilst „bombarded” with new regulatory requirements (PSD2, MIFID/MIFIR and MiCaR).
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Amidst these challenges, a financial ecosystem has been grown (3rd-party FinTech/PayTech companies).
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This need has also been brought to life by the post COVID effect: pure shared economies and online shopping/payment spread intensively.
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Complexity has also been growing next to the number of processed invoices: Enterprises hence seek for standardization and invoice mass automation.
Financial Management-1

Common challenges in finance management

We experienced a lot of different issues to tackle when it comes to streamlined finance mgt. Landscape, herewith the most crucial ones.

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Mostly, financial systems (General Ledger, Account Payable/Receivable, etc.) are part of an enterprise ERP system.
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In most cases, these systems are either too pricy or too complicated to be extended with additional functionalities.
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Also, manuality hinders the effectiveness of the finance operation, if there are too many invoices to create and receive.
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In today's fierce competition, enterprises seek for accuracy and transparency in financing; late payments and regulatory incompliance cannot be tolerated.
finance managemnt

Global e-invoicing market 2020-2024

e-invoicing
e-invoicing

Key questions Financial departments wish to have answer for:

How can I keep my own, existing IT investment whilst extending e-invoicing capability without compromise?
How I can easily remain regulatory compliant, especially regarding PSD2?
How can I fulfill security expectations whilst keeping flexibility and adaptivity for different, tailor-made e-invoicing scenarios?
key-question
Billzone

SaaS-based online invoice management system

Billzone.eu provides e-invoice, digital signature and time stamp services since 2009.

Key features

Real-time provision of regulatory data

PSD2 compliance, different scenarios for FSI coverage

High level of Security (HTTPS, Two-Factor Authentication)

Flexibility to use different scenarios to save current software investment

Best of breed technology (cloud nativity)

Modularity (invoice imaging, tax reporting, self-billing, aggregator module, invoice homogenization)

Please feel free to download our recent case study, herewith a summary:

What is this case study about?

  • Overview of the current state of smart invoicing market
  • Key drivers in the financial industry that aims the change in the IT landscape
  • Detailed description of our Billzone SaaS automated invoice IT solution
  • Tangible business and IT benefits/ advantages to be realized with Billzone
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