They say that the euro eliminated the barriers to working across Europe. I only wish.
They say doing business in Europe is as easy as here in the States. What a lie.
Anyone with even a shred of real cross-Atlantic experience knows that platitudes like these are just political myths used in government PR campaigns.
Reality is sorely different.
Of the 28 countries that form the European Union, only 19 use the euro as their official currency. Each country maintains its own separate tax laws, languages and bureaucratic requirements. To make matters even worse, contracts, invoices and payment methods vary significantly across the continent.
Simply put, from a business standpoint, Europe is an authentic nightmare.
Want to do business in Spain? There are over 19 separate regional government portals where you’ll need to integrate your invoices.
Want to get paid for the products and services you provide? Be warned. If your invoices don’t comply with all the local regulations, your customers are legally compelled to not make payment.
Are you receiving inquiries from potential new customers in neighboring countries? Be careful. The cost of doing business may make the new contract a losing proposition.
These are the harsh realities that growing enterprises are facing day-in, day-out as they expand their operations into the “European market”.
Although a small fraction of these companies have found a simple solution (which I’ll explain in a minute), how do most companies tackle these problems?
Basically, they opt-in to a two-step compromise situation.
First of all, they reluctantly accept significant slow-downs in their cashflow management.
Given that they can’t change the rules of the game, American companies usually resign themselves to being paid later than expected. They build administrative teams that help them cross the hurdles as they encounter them. They wait patiently as their local employees guide them through the bureaucratic labyrinths and assume that they don’t have any viable alternatives.
Secondly, they spend money on IT.
ERPs are adapted to comply with local issues. Integrations with local government portals are developed. Exchange rates are calculated. Documents are translated. Accounting systems are adjusted and spreadsheets are built to keep track of all the exceptions.
Succinctly, they throw money at the problems.
While most enterprises just assume that these are the reasonable costs of doing business, sadly the problems don’t end there.
What happens when you want to expand? Well, you start the process over.
What happens when the regulations change? Well, you hire contractors to make the necessary changes in your applications.
What happens when you sign a government contract? Well, you open a whole new can of worms.
This is the European business bug that so many American companies are suffering from as we speak.
Like the stomach flu your toddler brought home from daycare, this bureaucratic malaise is inevitable and produces absolutely no value.
- Your customers aren’t more satisfied because your invoices are correctly numbered.
- Your balance sheet isn’t more solid because you’re archiving your documents for the required number of years.
- Your business won’t grow faster because your digital signatures are certified by the correct accredited organism for each country.
So what can be done?
The choice is simple.
You can reinvent the 2,363 wheels that will keep your European doors open, or you can take the proven, low cost route and invest all that time, money and resources towards growing a profitable business.
It’s totally up to you.
You see, of all the hundreds of alternatives on the market, only one company has proven to have a global integrated solution that makes working all over Europe as easy as pie.
But first, do you remember the story of the little dutch boy who stuck his finger in the dyke?
Sure you do. He plugged a hole and saved his country from certain destruction!
Well, Anachron, the makers of order2cash.com, are doing just this for companies just like yours.
Just like that brave young boy, this Dutch company closes the cashflow leaks that are threatening the future of your business.
And even better yet, in doing so they found the cure for that nasty European business bug!
- Integrates your invoicing with all the necessary European portals.
- Connects your ERP with all of your customers’ ERPs.
- Streamlines your whole cashflow pipeline so the money comes in when expected.
Most importantly, it’s quick to set up, doesn’t require huge investments and has been proven in hundreds of global enterprises.
In addition to its global invoicing module, Order2Cash.com includes online document signing, archiving, global payment processing and credit management. It truly plugs all the possible leaks in your company’s cashflow cycle.
Now, if you’re enjoying the nauseous feelings provoked by all the European bureaucratic rigamarole, please don’t click the following link.
Otherwise, what are you waiting for?