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Keith Russell

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27 Feb 2012
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Followed by John Sims, Martha Boyle and 5 others you follow

Bio

I am working with Striata to reduce the amount of paper currently being used unnecessarily to deliver bills and statements to email users throughout Asia. I'm helping insurance companies, credit card issuers, retail banks, telco's and debt collectors replace paper bills, statements, policies and not

Latest opinions

Keith Russell

The Long Tail of eInvoicing Success

eInvoicing is big business – and pretty soon it's going to be for small business too... There are many studies that explain the huge cost of paper-based invoicing and just as many that show the benefits of moving to eInvoicing (see image below). Billentis, in its 2012 eInvoicing/eBilling report showed that the full cost of sending a paper invoice...

09 May 2012

Keith Russell

When it comes to eBilling, are you just ticking the box?

As I travel around Asia talking to companies about eBilling and looking at what eBilling solutions have already been implemented, it strikes me that the whole eBilling business is mired in misleading projections and statistics, and in many cases, apathy. Surely this is a key reason why so few people actually utilize eBilling, and why so few compan...

20 April 2012

Keith Russell

Can Asia lead the eStatement adoption evolution?

I was speaking to a group of banking people from fast-developing countries like Indonesia, India and Pakistan at a conference in Singapore a while ago. Their views on eBilling and eStatements were very similar - adoption rates for going paperless are still very low and they place the blame on low internet penetration. As a result, some banks are p...

11 April 2012

See all 5 opinions by Keith

Latest comments

The Long Tail of eInvoicing Success

I don't think you're living in a vacuum - I think your experience is shared by most SMEs.  The technology and services available haven't suited SME eInvoicing up to now.  Hopefully that is changing now with these developments allowing PDF invoices to be read directly into accounting packages. 

It won't happen overnight but with a bit of luck you should be able to reduce your spend on fax paper in the near future. :-)

10 May 2012 04:39 Read comment

When it comes to eBilling, are you just ticking the box?

We certainly do!  And with paper turn-off rates of 70% at Wesbank, 60% at Multichoice (CableTV provider) and 12% in just 10 months at CoT Utilities, our clients' customers are making that decision - in droves!  With not a discount in sight...

10 May 2012 03:11 Read comment

When it comes to eBilling, are you just ticking the box?

Thanks for the comment, Ketharaman. 

It just seems a shame that billers have to "pay" their customers to use a service that should be more convenient and add value to them.  I still believe (and our client's adoption figures back it up) that the "right" eBill solution supported by the "right" adoption strategies will be more effective and save more money than discounting bills.

09 May 2012 05:25 Read comment

See all 9 comments by Keith

Keith writes about

  • retail banking

Keith's opinion archive

  • 2012 (5)
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