How Electronic Invoicing helps to reduce the risk of fraud
As in the paper invoice environment, the real risk in the electronic invoicing process is not in the delivery of the data but in the matching, processing and payment of the invoices in the receiver’s system. A company can be a victim of fraudulent behaviour only if it does not have the appropriate controls in place.
Security measures at the data transport level do not protect from fraudulent behaviours. If, for example, a company (or fraudster within that company) issues an e-invoice for products that have never been produced or with different bank account details, the security transport mechanism (for example an advanced electronic signature) will have absolutely no power to protect the receiver. Only the receiver’s internal controls and procedures will protect the receiver company. Read more
E-business in the freight industry: the Electronic Freight Management initiative
The Electronic Freight Management (EFM) initiative is a project sponsored by the Office of Freight Management and Operations within the U.S. Department of Transportation (USDOT) that applies Web technologies to improve data and message transmissions between supply chain partners.
It promotes and evaluates innovative e-business concepts, enabling process coordination and information sharing for supply chain freight partners through public-private collaboration. Read more
E-Business in Western Europe
Deutsche Bank Research
March 2009
The report assesses the use of ICT in European companies and its impact on how business is organised.
Key findings can be summarised as follows:
- Western companies make insufficient use of e-business applications. Generally, most of them use simple applications that necessitate only limited adjustments to business processes. Nearly half the companies in the 15 EU countries analysed here use the internet for procurement, but less than 20% offer products online. Read more
