Paper Processes Persist

Paper Processes Persist

Posted by Pete Loughlin in Electronic Invoicing, News 30 Nov 2010

Companies have been slow to adopt e-invoicing solutions and are still largely using paper processes to handle most of their invoices and payments, according to a new study conducted by industry association IAPP-TAWPI and released this month by Basware.

The study, “e-Invoicing from a Buyer Perspective 2010,” revealed that while 80 percent of the A/P departments surveyed recognize the importance of e-invoicing to their organizations, there are many obstacles to achieving greater adoption, including insufficient business infrastructures among both buyers and suppliers, supplier resistance, inadequate funding and a perceived long learning curve.

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