Companies Slow to Adopt e-Invoicing Despite Benefits of Faster, Improved Processes
Study from Basware, IAPP-TAWPI cites obstacles to adoption, highlights that getting suppliers on board is key
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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.
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