Mastering Compliance: The Power of E-Invoicing and Automation

Companies that still process paper and PDF invoices know their AP KPIs are below target. All KPIs of value are damaged by any kind of “touch” in AP. When a company shifts from mainly manual invoicing to mainly electronic, the effect on accuracy, productivity, visibility, speed, efficiency, financial security and cash optimization is inarguably positive and significant.

Now factor in the drive for compliance that is in full force globally. While there are no imminent plans in the US to establish mandated e-invoicing, international companies will be forced to comply with mandates if operating in affected countries, and, according to Forbes, “Even countries where e-invoicing is not yet man...