What are the key drivers that encourage companies to focus on e-invoicing? 68% of entrepreneurs point out to the reduction of overall processing costs. 46% of respondents strive to speed up invoice approval cycle times, while 52% of companies expect to remove paper from the performed transactions. Another important contributing factor is the reduction of lost invoices (28%). Moreover, entrepreneurs emphasise the following issues: better management of accounting processes, strengthened relations with business partners and more convenient access to documents in case of audit.
Significant business potential of EDI solutions contributes to the fact that such systems are quite widespread in various branches, retail in particular. The deployment of EDI system by Infinite at Fackelmann Poland can serve as an example. “EDI system allows Fackelmann Poland to enhance the cycle of documents interchange (invoices, corrective invoices, delivery notes), what contributes to the substantial cost cuts related to the order processing. The whole supply process with our chains was streamlined thanks to quicker transfer of logistics information.” – Krzysztof Ogrodnik, the Chairman of Management Board at Fackelmann Poland, points out.
Yet some concerns of entrepreneurs regarding the implementation of e-invoicing cannot be ignored. 64% of respondents consider limited IT resources as the major barrier. It is an undeniable challenge, yet IT outsourcing comes in handy in here. By opting for outsourcing one can devote the process of deployment and system maintenance to an entity that possesses proper infrastructure and know-how.
Aside from large enterprises which depict faster ROI due to a bigger volume of the documents processed on a daily basis, also more and more SMEs open to the vast possibilities offered by EDI solutions.
Source: Electronic Invoice Adoption Benchmark Report 2013, Paystream Advisors
Infinite has designed and developed IT solutions which automate and enhance key business processes since 2002. The systems are deployed in various industries, including: FMCG, automotive industry, heavy industry, DIY andSHE.
IT tools offered by Infinite have been successfully deployed in over 5 000 companies in Poland as well as abroad. The company systematically strengthens its position as the B2B systems provider on numerous international markets. Infinite systems operate, among others, in Germany, Croatia, Spain, Romania, Hungary, Slovakia andthe UAE.