The increasing use of mobile apps to conduct key invoice processing functions from anytime and anywhere; expanding use of social media platforms to collaborate with colleagues, suppliers and partners; and the growth of the cloud as an enabler of automation for companies of all sizes, will power growth in e-commerce in 2013.
A rising percentage of organizations are choosing e-invoicing to reduce processing costs, accelerate approval cycles, and increase on-time payments, according to a PayStream Advisors study sponsored by Syncada from Visa. Internal pressures such as green initiatives and increased centralization contribute to e-invoicing adoption, as do external changes, including global supplier requirements. The study recommends first implementing top tier customers to achieve the most financial and operational impact.