All about finance
It was the year’s most outstanding industry get-together for finance experts. From May 22 to 24, more than 2,000 finance executives in banking, system providers and news agencies met to learn about the latest banking products, systems solutions and tendencies in the world of finance. At the Congress Center Rosengarten in Mannheim, the organizer also offered more than 150 workshops and presentations, including discounting via EDI, or e-discounting. Patrick Götz, a member of the managing board of Intermarket Bank, and Gerd Marlovits, the CEO of EDITEL, demonstrated how automated invoicing processes can also be used as an attractive alternative financing option. For that purpose, order and invoice data is exchanged via EDI with the goal of automatically advancing capital against pending invoices. Ultimately, this translates into flexible advance payments of EDI invoices and a significant improvement of the balance sheet and working capital indicators.