Companies Slow to Adopt e-Invoicing Despite Benefits of Faster, Improved Processes

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Stamford, CT — November 29, 2010 — IAPP-TAWPI Basware

Reasons to Engage

Paper Still Dominates

Few Fully Automate

  • More than half (58 percent) of the companies surveyed continue to manually capture invoice data and have a manual review process.
  • The vast majority of businesses report that less than 20 percent of incoming invoices are e-invoices.
  • Only 26 percent of the companies surveyed fully automate their invoice receipt and approval processes.
  • Of the respondents that started an e-invoicing program in the past year, only 2 percent receive more than 40 percent of their invoices electronically.