has your entreprise adopted e-invoicing ?
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Post on 06-Aug-2015
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Magali Kolnik, Product Manager Neopost •
• Opinion Way market study - February 2014
• Opinion Way - February 2014 (280 UK SMEs)
• Billentis - 2014
• Aberdeen Group - April 2011
• The UK Institute of Directors survey - December 2014 (925 UK SMEs)
SOURCES
MAIN CONTRIBUTOR
Identify new suppliers/market
opportunities
Enablement, connectivity and
registration
Catalogmanagement
Ordermanagement
Paymentmanagement
Peernetworking
76% 56% 56% 20%52%52%
SUPPLIER NETWORK CAPABILITIES
66%of SMEs
are sufferingfrom late payment
of invoices
50%said that the
main reason for late payment
was excessively bureaucratic
payments systems
INVOICE PAYMENT
MARKETTRENDS
E-INVOICINGENABLESYOU TO:
SUPPLIERS& BUYERS
Reduce processing costs byaround 60% for outgoing and inbound invoices.
Improve the visibility and traceability of invoices.
Improve day-to-day efficiency.
Save time on the overall process of invoicing.
Improve the supplier-customer relationship.
Automate repetitive tasks.
Facilitate access to archived invoices at anytime, from anywhere, using any device.
BUSINESSBENEFITS
OF E-INVOICING
on an internet server
on a separate
hard drive
on yourhard drive
in your email
sent box
in the cloud
on a shared storage
drive
don’t know
46%
20%
15%
7%
18%
26% 26%
0
10
20
30
40
50 WHEN ELECTRONICALLY ARCHIVING YOUR DOCUMENTS,WHERE DO YOU ARCHIVE THEM?
Based on a survey of 280 UK SMEs
BUSINESSCONTROLS
ADVANCEDELECTRONICSIGNATURES
ELECTRONICDATA INTERCHANGE
(EDI)
which create a reliable audit trail
DIFFERENTMETHODSAREALLOWEDFORE-INVOICINGIN EUROPE
E-INVOICINGREGULATIONS
43% of medium-sized enterprises are using e-invoicing solutions
22% of small enterprises are using e-invoicing solutions
25%« We are currently
using sucha solution. »
46%« We are evaluating
the usage ofa solution. »
11%« We are currentlydeploying such asolution and willgo live within thenext 6 months. »
18%« We do not use an
E-invoicingsolution and have
no plans toimplement one. »
0
10
20
30
40
50
ADOPTION OF
E-INVOICINGSOLUTIONS
IN US COMPANIES
About500
billioninvoices
are issuedsglobally
every year
170billioninvoicesare B2Band B2G
330billion
invoicesare B2C
E-INVOICINGMARKET
Lack of reliability due to: risk of human errors, late payments or legal issues.
LACK OFRELIABILITY
Lack of traceability and visibility on the state of
payments.
LACK OFTRACEABILITY
Time spent on: repetitive tasks, approval processes
and the search for documentation.
TIME
THE MAIN PAIN POINTS EXPERIENCED BY SMEs
Wasting time on repetitive tasks
Risk of human errors in the processes of outgoing communications
Spending time gathering information from different systems
Having to re-enter data several times throughout the process
Having difficulty finding or retrieving past communications across communication channels
Having trouble tracking all communications with a given client across communication channels
Lacking visibiltiy and traceabilityon what your organization sent to whom and when
Lack of control on the security of the storage of documents
ARE YOU EXPERIENCING THE FOLLOWING ISSUESAS FAR AS INVOICES ARE CONCERNED?
SMEPAIN POINTS
ARE YOU READY FOR E-INVOICING?