Embracing the Digital Economy: "Smashing Through the Barriers"
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Embracing the Digital Economy: "Smashing Through the Barriers"
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Embracing the Digital Economy: "Smashing Through the Barriers"
- 1. EMBRACING THE DIGITAL ECONOMY Smashing through the barriers Matt Lewis Managing Director – Capability Wise Pty Ltd 2 August 2017
- 2. THE DIGITAL BUSINESS COUNCIL Transforming the ways Australians do business. 2 Who’s involved? What do they do? How have they been supported?
- 3. DIGITALLY TRANSFORMING AUSTRALIA’S SUPPLY CHAINS Why eInvoicing? 3 $27.67 Cost to process PDF invoice $30.87 Cost to process paper invoice 1 in 3 Invoices have data quality issues 1 in 5 Invoices are delivered to the wrong person
- 4. DIGITALLY TRANSFORMING AUSTRALIA’S SUPPLY CHAINS Why eInvoicing? 4 $27.67 Cost to process PDF invoice $30.87 Cost to process paper invoice 1 in 3 Invoices have data quality issues 1 in 5 Invoices are delivered to the wrong person $9.18 Cost of eInvoice
- 5. DIGITALLY TRANSFORMING AUSTRALIA’S SUPPLY CHAINS Why eInvoicing? 5 § Australia is lagging internationally in late payment times § Incorrect invoices are a leading cause of late payment
- 6. BARRIERS TO TRANSFORMATION Resistance to change is human nature… 6 Proprietary Footholds Islands of Trade Market Imbalance Commercial Interests $
- 7. SMASHING THROUGH THE BARRIERS Is it art? Is it science? 7 Establish a passionate community Eliminate unhealthy compeGGon Set ambiGous targets.. Balance AmbiGon and Maturity! but
- 8. SMASHING THROUGH THE BARRIERS Is it art? Is it science? 8 Foster and facilitate early adopters Create a flexible framework with mulGple technology entry points Know when to get out of the way!
- 9. THE ROLE OF OPEN SOURCE Bridging the gap to enable a competitive marketplace 9 Build your own soQware Buy a commercial offering, or partner with another provider
- 10. CELEBRATING SUCCESS § Release of an Interoperability Framework in approximately 6 months. § Over 1800 voluntary industry attendee hours § 27 provisionally accredited service providers. § Successful Proof of Concept and Pilot Activities. § Operational readiness and governance. And recognising areas for improvement 10
- 11. THE PATH FORWARD Evolving, extending and more.. 11 Cross-border Interoperability ? Emerging Technologies AddiGonal Business Processes
- 12. GET INVOLVED maA@capabilitywise.com.au hAp://www.capabilitywise.com.au If you have questions or want to get involved.. 12 Check out the Council’s website: hAp:// digitalbusinesscouncil.com.au Feel free to come and chat with me through the day