Archive for Research

ACCA updates its research on UK/EU SME e-invoicing adoption

ACCA updates its research on UK/EU SME e-invoicing adoption

ACCA- the Association of Chartered Certified Accountants- is the global body for professional accountants. And this summer 2014, ACCA updated and substantially expanded its estimates of e-invoicing adoption among UK SMEs, resulting in this very interesting report, called: E-invoicing Adoption by UK SMEs: 2013–14 Estimates.

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Pay-to-pay: Canadians pay more than $500M in fees a year for paper bills, statements

Pay-to-pay: Canadians pay more than $500M in fees a year for paper bills, statements

PIAC estimated the total is "conservatively" between $495 million and $734 million, plus taxes. Some $102 million in fees are being paid by low-income Canadians and seniors who don't have Internet access at home or don't use computers!
PIAC was pleased when the federal government pledged to ban the practice of charging for paper bills, first in its throne speech last October and then again this February in releasing its budget.

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Can paper billing still be more cost effective than e-invoicing? Yes it can!

Can paper billing still be more cost effective than e-invoicing? Yes it can!

A Danish Energy provider decided to test with a population of new customers whether switching to paper invoices would improve the speed of payment. It also wanted to know whether digital invoices were cheaper than physical mail in regard to overall operational costs.
Shockingly it found out that sending invoices via e-mail actually increased their overall costs: it cost the company $3.25 per customer to get paid by paper invoice and $5.75 per customer billed by e-mail.

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Infographic: unlocking USD 2 trillion with e-invoicing, AP automation and e-procurement

Infographic: unlocking USD 2 trillion with e-invoicing, AP automation and e-procurement

Across the world of commerce, financial change makers are unlocking a wave of economic value. Accounts payable automation, e-invoicing, e-procurement and e-payment solutions are transforming financial operations and delivering savings to enhance cash flows and boost capital growth. This infographic shows that with e-invoicing, AP automation and e-procurement we can unlock over USD 2 trillion (2.o00 billion) of value. Download this infographic to find out more.

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Basware mentioned as an eprocurement leader by Forrester

Basware has been recognised as a leader in a report by Forrester, called the “The Forrester Wave: eProcurement Q2 2014” . The Forrester report described Basware as the largest independent eProcurement vendor and a leading P2P solution provider with a solid Alusta eProcurement platform.
Furthermore, Basware was included as one of four vendors that are described as established ePurchasing specialists with broad suites and extensive supplier networks.

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White paper: Finding Cash in a Cash-Strapped World [whitepaper]

This study of best-in-class AP automation practices demonstrates that current processes are not working for nearly 80% of corporations. Until executives understand the power of the financial supply chain and set aside budget to institute these technology-driven improvements, these inefficiencies will continue.
It also show that non-efficient companies simply cannot compete with efficient companies that optimise their financial supply chains.

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Spanish companies saved at least € 458 million thanks to e-invoicing

The study "The Electronic Invoice in Spain 2012-2013" also confirms that 35% of all Spanish companies use e-invoicing. From 2012 to 2013 the absolute amount of companies grew from 120.000 to a total of 130.000. A growth of 10.2%, even while the number of firms in Spain has decreased by 1.84% during that period.

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The Basware Knowledge Center: your one source for excellence

Looking for customer success, research reports, white papers, ebooks, factsheets or (and these are our favourites) videos on invoice automation and e-invoicing the Basware-style. Than go to their knowledge center. And take a look at the The World's Fastest E-Invoice Training Video. Or the succes story how Staples Advantage enjoys improved cash-flow position and shorter DSO cycle thanks to e-invoicing.

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85% of UK SME’s say to have adopted e-invoicing. Alongside paper invoices.

This is all based on a new study from Sage Pay. And was presented as a foot note alongside the main finding. The study from Sage Pay primarily discovered that SME businesses in the UK as a whole are currently owed more than £55 billion in unpaid or outstanding invoices. The average SME is owed £11,358, with one in five owed over £30,000.

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Over 20 Leading U.S. Companies Remove their “Go green, Go Paperless” Claims

Over 20 leading U.S. companies have removed their "anti-paper" green claims, used to promote electronic billing and other e-services as a more environmentally-friendly solution than paper. These companies are primarily top Fortune 500 organizations in the banking, utilities and telecommunications sectors.
The removals follows on an educational campaign by Two Sides U.S. to correct greenwashing related to print and paper products.

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