For an ever-increasing number of businesses, the move to e-invoicing is becoming a necessity rather than an option. This is due to the incentives that are being enforced at government level in some countries, for both business to government (B2G) and business to business (B2B).
In the European market, electronic invoicing increased by 19% from 2012 to 2013.
The Nordic countries are seen as e-invoicing leaders and are defining many best practices. Norway has seen acceleration within the B2G and B2B markets caused by the obligation to send electronic invoices in the public sector and a very mature market offered by solution providers.
Yet too many companies are holding back, in the belief that e-invoicing is simply too complex. They think it will be too hard to integrate with their existing systems and to work with their customers and suppliers. They believe that it will be too difficult to deal with a mix of both paper and electronic invoices/formats; and that complying with international rules and regulations will be virtually impossible.
However, the truth is the contrary and the right vendor will be able to remove much of the complexity. What’s more, they should be able to deliver an effective service to integrate with existing paper invoices during the transition to 100% electronic invoices.
The benefits are clear and the barriers are few-and-far-between; the time to begin the journey to e-invoicing is now.
Find out more about electronic invoicing and what it means for your company by downloading our free guide.