Simon Trivella – February 2007 Distribution Workstream Small Value Invoices Simon Trivella – February 2007 Distribution Workstream
Background / Issues High percentage of small value invoices (debit & credit) Increased volume since Network Sales Disproportionate processing costs Insignificant net financial impact Unpredictable in nature (adhoc) Most common cause of late payment
Volumes ~7.5% of invoices issued by WWU < +/- £10 (over 13 month period) Overall net financial impact on WWU £18.20 (credit to Shippers) Individual Shipper impact range £34.04 (credit) to £84.65 (debit) Similar impact across all Shippers
Way Forward Possibly solved by suppression / aggregation over 6 month period? Central “pot” for clearing invoices? What value of invoice would be suitable? Requirement for UNC Modification? Online / Offline process within xoserve – cost benefit? Appetite for change?
Thank You Questions / Comments