2014 Global E-Invoicing Report

Identifying B2B Strategies Across Borders

8 Considerations For Selecting A Global E-Invoicing Solution

With e-invoicing already mandatory across Latin America and EU governments considering following suit, it’s never been more important for enterprises and SMEs that are expanding globally to adopt e-invoicing, says a new report from PayStream Advisors.

But going global is not the only reason to do it

U.S. and EU companies surveyed by PayStream say they're receiving just 10% of invoices electronically, which means most companies have plenty of room to improve invoice processing across the board. In fact, at this stage of the game, large enterprises, rather than government rules, are leading the move to e-invoicing. Why? They're seeing benefits that add up to big savings in any currency, such as:

Fewer lost or missing invoices
Increased on-time payments
Faster approval cycles
Better visibility across transaction lifecycle
Lower processing costs

Even more exciting, says PayStream, is that these benefits aren’t just for big enterprises any more. A new generation of cost effective, easy-to-implement cloud solutions are bringing these benefits, plus automated global compliance capabilities, within reach of smaller enterprises. With the right solution you can simultaneously wring the manual labor out of AP and position your company for global expansion, so any solution you’re considering should include global capabilities. PayStream outlines 8 must-haves when selecting a solution.

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"As the rest of the world increases their AP automation, electronic incompatibility will only cause barriers to trade and lost revenue. As such, it is important that US companies choose an eInvoicing provider with a global focus."

2014 Global eInvoicing Report
PayStream Advisors