Corcentric, a provider of Accounts Payable automation and electronic invoicing solutions, announced to have been featured in a newly released market research report from PayStream Advisors, tracking the growth in electronic invoicing among SME’s.
The report, titled “Electronic Invoice Management: A Move to the Middle,” asserts, based on survey results, that improved innovations in cloud-based technology are allowing small and medium-sized companies looking to eliminate paper invoice to enter this arena.
Among the findings of this report:
- Over half of the survey respondents said that they are looking to implement e-invoicing in the coming year.
- Although the percent of supplier paper invoices has dropped from 59% to 52% from 2012 to 2013, in 2010, 77% of supplier invoices were paper-based.
- The use of e-invoice portals has jumped almost 40% in one year, from 22% in 2012 to 31% in 2013.
- In addition to e-invoicing, automated workflow and automated payment processing rank at the top of 2014 AP automation goals.
Rob DeVincent, Vice President of Product Marketing at Corcentric: “although the barriers to e-invoice adoption still exist, the trend is definitely moving in the right direction. Even more important, AP departments acknowledge that the adoption of e-invoicing is just one step in the progression from paper to full workflow automation.”
Visit http://www.corcentric.com/resources/white-papers.aspx to download a complimentary copy of PayStream Advisors’ Electronic Invoice Management Report.
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