As a follow up to our recent article What is Electronic Invoicing, Why Suppliers Should Care and Who Are the Major Players, Receivable Savvy offers deeper analysis in 5 areas related to invoice submission for additional insight. Suppliers, when indicating certain outcomes as very important (rather than neutral or not important), used third-party electronic invoicing more often.* Those outcomes include:
- Respondents indicating the reduction of problems and exceptions as very important
- 54% use 3rd party e-invoicing
- 52% use EDI
- 49% use email to invoice
- 47% use paper invoicing
- Respondents indicating reduction of inquiries into customers as very important
- 31% use 3rd party e-Invoicing
- 31% use EDI
- 29% use paper invoicing
- 27% use email to invoice
- Respondents indicating faster invoice delivery as very important
- 57% use 3rd party e-Invoicing
- 43% use email to invoice
- 41% use paper invoicing
- 41% use EDI
- Respondents indicating faster payment as very important
- 69% use 3rd party e-Invoicing
- 64% use EDI
- 60% use email to invoice
- 59% use paper invoicing
- Respondents indicating invoice delivery confirmation as very important
- 46% use 3rd party e-Invoicing
- 33% use EDI
- 31% use paper invoicing
- 30% use email to invoice
*Taken from the 2015 Perceptions Study: research and analysis of supplier activity in the areas of invoicing, payment and remittance, credit and collections.