Model overview

Our vision is to create an interoperable e-invoicing network with banks being the backbone

SMEs are underserved when coming to interoperable e-invoicing services, however they are crucial for reaching a high e-invoicing penetration globally.

Banks will be attractive integration points for other players in the ecosystem:

• Utility companies will integrate because of a new electronic invoice delivery channel opens up for them
• Large companies can connect, because they can onboard their suppliers easily with interoperable e-invoicing services
• ERP/accounting software providers will integrate, because their clients will want to have access to interoperable e-invoicing services and also access to bank data

Banks with their resources and being attractive integration points can help SMEs digitalize, while they can capitalize on access to invoice data

• They can keep payment transactions with convenient payment services
• They can provide new digital invoice-related financing services

Banks have the necessary resources to help SMEs digitalize and provide them e-invoicing services, and they also can attract other e-invoicing ecosystem players integrate with them: so banks can contribute to the creation of an interoperable e-invoicing network

Charlie-India Invoice HUB provides an easily accessible and usable technology that can help banks integrate with corporates, ERP systems and accounting software products.




NETWORK MODEL

Benefits for the bank

In case the bank provides invoice receipt services and the invoice may be paid conveniently, (i.e. the payment transfer is generated automatically from the invoice), the payment transaction will stay at the bank and will not be taken away to third party payment providers even after the rise of open banking (PSD2). The introduction of instant payments will increase competitiveness of credit transfers compared to other (card based) payment methods, therefore the bank will be able to retain more payment transactions at a higher payment margin.

How it adds value for the SME segment: The penetration of e-invoicing is the lowest in the SME segment: the underlying reason is that automatic receipt and processing of e-invoices is not solved due to the lack of invoicing interoperability: there is a variety of e-invoice formats, and SMEs do not have the resources to develop processes for each e-invoice format sent to them. According to the Billentis report[1] the introduction of e-invoicing saves 60-80% of invoice processing costs compared to paper invoicing.




Network Model

Open Invoicing Network

In an open interoperable e-invoicing network each service provider provides invoice related services tailored to its customers’ need under its own brand, but these are compatible with each other on the infrastructure level due to the embedded invoice data exchange technology. This open network model ensures faster growth for all players than current closed e-invoicing networks and therefore benefits all service providers.




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