E-invoicing realizes its full potential when invoices can be sent and received among any parties in the world. We want to contribute to this with our technology
Our vision is to build an interoperable invoicing ecosystem with banks being the backbone
Each invoice is paid or financed, therefore it makes sense to integrate invoicing and banking. Banks are attractive integration points and can play a significant role in creating e-invoicing ecosystems comprising of SMEs, enterprises and invoicing and accounting service providers.
Charlie India is building an inclusive and accessible invoicing ecosystem than ever before
SMEs are underserved when coming to interoperable e-invoicing services, however they are crucial for reaching a high e-invoicing penetration globally.
Charlie India is creating an invoicing culture where there are no barriers to entry, no matter how small the company!
One swallow does not make summer…but 3 already do
There are several banks already providing easy invoicing for SME customers realising the value of access to invoice data. It is not possible however to digest supplier invoice data electronically because of the lack of e-invoicing interoperability.
Charlie-India helps banks to create an invoicing ecosystem, where invoices can be sent, received and processed fully digitally with 100% accuracy – just like in the payment ecosystem.
We provide easy as 1-2-3 connectivity with the bank’s system and we can easily connect bank’s invoicing solutions with each other.
Ecosystem simulation
We are launching a real life simulation to show all participants, what it is like to be able to work with fully accessible digital invoice data and how it can be used by the bank, if all invoice data is available digitally. The simulation aims to demonstrate that the already existing payment ecosystem can be extended and connected to invoice data exchange.
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.
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