Has Your Entreprise Adopted E-Invoicing ?

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Transcript of Has Your Entreprise Adopted E-Invoicing ?

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?