{"id":1950,"date":"2014-11-21T16:17:14","date_gmt":"2014-11-21T16:17:14","guid":{"rendered":"https:\/\/www.peeriosity.com\/shared-services\/articles\/?p=1950"},"modified":"2022-08-12T09:25:31","modified_gmt":"2022-08-12T09:25:31","slug":"alternatives-for-electronic-invoicing-in-accounts-payable","status":"publish","type":"post","link":"https:\/\/www.peeriosity.com\/shared-services\/articles\/2014\/11\/alternatives-for-electronic-invoicing-in-accounts-payable\/","title":{"rendered":"Alternatives for Electronic Invoicing in Accounts Payable"},"content":{"rendered":"

With the consolidation of work activities for Accounts Payable<\/a> into a few centers globally, it is increasingly common for companies to have the scale required to justify the elimination of work through automation.\u00a0 Unfortunately, the path to replace paper with electronic invoices has seen a proliferation of approaches that show promise, with no one clear choice that is right for everyone.<\/span><\/p>\n

A Peeriosity member from a large global company wanted to know where to focus limited company resources to achieve greater success from efforts to implement electronic invoicing.\u00a0\u00a0 By creating an iPollingTM<\/sup> question, the member was able to quickly understand the range of methods used by peers, with many taking extra time to comment on their approach.\u00a0 Within a few days, the member had a more complete picture, with valuable insights into how they could best adjust their electronic invoicing strategy<\/a>.<\/span><\/p>\n

As documented in the iPollingTM <\/sup>results, 48% of member companies have 60% or more of their invoice<\/a> volume received electronically, with 19% reporting penetrations of over 80%. Here are the details:<\/span><\/p>\n

\"ipolling<\/span><\/p>\n

Clearly, there is significant room for improvement<\/a> for most companies in this area, with over half with an electronic invoice submission rate of less than 60%.<\/span><\/p>\n

When asked about the solutions that show the most promise in the future, the leading candidates are web-based e-invoicing selected by 32% of member companies, and email attachments using PDF or another format selected by 26%.\u00a0 EDI and ERS rounded out the field at 21% each, with no one selecting either 3rd<\/sup> party suppliers for managing incoming invoices or vendor catalog-based solutions.<\/span><\/p>\n

\"what<\/span><\/p>\n

Many of the responding peers added comments to supplement their iPollingTM<\/sup> responses.\u00a0 Here are some of them:<\/span><\/p>\n