Electronic Invoicing

Bank gets acquistive for eInvoicing

As this blog has reported before the big players in eInvoicing will become the banks.

Well, JP Morgan Chase has announced they will acquire Xign Corp an eInvoicing company. They already had an alliance so I figure the bank sees an earnings opportunity to have them in the fold.

This is a hot space and there will be more consolidation as the products and domain expertise of the eInvoicing infrastructure providers alike Xign are merged into the mainstream of banking services to corporates.

Does the timing of the acquisition suggest that eInvoicing is about to ramp? You can bet your bottom dollar that JP Morgan Chase has been asking the question among their clients before making the decision.

Click here for the news release

Labels: banks, einvoicing, JP Morgan Chase

posted by FrankB @ 4:11 PM