Why U.S. AP Leaders Shouldn’t Wait for Electronic Invoicing

How Finance Departments Can Achieve Full Automation Regardless of How They Receive Invoices



SSON Content
05/12/2020

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The average business receives 28 percent of its invoices from suppliers as paper, per the Institute of Finance and Management’s (IOFM) Future of Accounts Payable Survey. Moreover, 31 percent of supplier invoices arrive as an e-mail attachment (usually in PDF format); many e-mailed invoices are treated as paper because the buyer lacks the technology to process the invoice electronically.

Only 17 percent of the invoices received by accounts payable departments in the United States currently arrive via an electronic invoicing portal or an electronic invoicing network, IOFM’s Future of Accounts Payable Survey finds. In fact, thirty percent of accounts payable departments operate in a completely or mostly manual, paper-based environment (with 9 percent of departments operating in a completely manual environment, and 21 percent operating in a mostly manual environment, respectively).

Download this whitepaper to find out why you should move ahead of your competition and explore electronic invoicing.

We respect your privacy, by clicking "Download Your Copy" you will receive our e-newsletter, including information on Podcasts, Webinars, event discounts, online learning opportunities and agree to our User Agreement. You have the right to object . In addition, you agree to having your details passed onto the sponsor who may promote similar products and services related to your area of interest subject to their privacy policy. For further information on how we process and monitor your personal data click here. You can unsubscribe at any time.

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