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E-invoicing adoption rates still low - survey

Friday 20 February 2015 13:24 CET | News

sharedserviceslink.com, an online community for professionals in finance shared services, has recently closed a survey which asked 100 shared services professionals about AP process automation issues.

One of the questions was about e-invoicing adoption, and what percentage of invoices are coming in through e-invoicing, EDI, PDF, paper or supplier portals.

The results have unveiled that the numbers for e-invoicing are low. On average, only 7% of invoices were coming in through e-invoicing networks. And these are not small companies participating in the survey, as 77% of respondents process more than 100,000 invoices per year.

However, 68% said none of their invoices come through e-invoicing networks, which indicates they haven’t implemented an e-invoicing network.

Zooming in on those that do have invoices arriving via e-invoicing networks, the survey has found that the numbers were still low. For those that had e-invoicing network functionality, on average only 24% were actually coming in through the networks and 42% were still coming in via paper.


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Keywords: e-invoicing, adoption, sharedserviceslink, finance, shared services, AP, process, automation, EDI, PDF, paper, invoices, NetWorks
Categories: Banking & Fintech
Companies:
Countries: World
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Banking & Fintech






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