It depends how you interpret e-invoicing. In its EDI guise it’s been around for over 20 years but its modern incarnation, XML data transported over the internet, grew out of the dot com boom of the late 1990s so which ever way you look at it, e-invoicing has been around for more than a decade. And we’re now moving into a new era. Its take up has grown to an astonishing level partly due to mandates in various parts of the world and partly because, frankly, it’s a no-brainer.
When a technology is new and untested, there is a natural and pragmatic suspicion that prevents widespread adoption. We have, collectively, had over a decade to understand how to get it right. For established electronic invoice programs, they have had time to iterate and refine and for those just embarking on the e-invoice journey, there are well-established paths to follow. There is no need to create methodologies from scratch, no need to reinvent the wheel. Even the business case is simple because it can be based on others’ experience, not some theoretical savings exercise. The latecomers have got it easy and that’s great for everyone.
So where can you access sources of best practice? How can you get at the experience of the last decade or so?