E-invoicing

 E-invoicing is increasingly on the increase worldwide thanks to various benefits it offers a business, which include reduced processing costs, faster return on investment (ROI) and improved supplier relationships; to call but a couple of. However, within the recent report by Mainstream Advisors, called Global Electronic Invoicing: The State of AP Automation Worldwide, they revealed that: Only 16% of Accounts Payable (AP) departments receive quite 50% of their invoices electronically A paltry 5% receive quite 75% of invoices electronically Overall, 60% of companies receive under 10% of their invoices electronically This research shows that e-invoicing isn, 't getting used to its full potential. Albeit a corporation incorporates a component of e-invoicing into their processes, they're still wasting a huge amount of your time and money by continuing to process an outsized proportion of paper based invoices.