E-invoicing growing out of infancy - eBilling News | EBPP

E-invoicing growing out of infancy

on Saturday 11 Feb 2006

"While e-invoicing and e-archiving offer competitive advantages, 64 percent of European companies are missing out. A study by PricewaterhouseCoopers predicts there will be a lot of catching up in those areas over the next 12 months. According to a PWC study called e-Invoicing and e-Archiving - Taking the Next Step, only 36 percent of European companies with a high volume of invoices actually use these electronic solutions. The concepts are pretty straightforward. E-invoicing is the sending of invoices by electronic means, while e-archiving is the storage of electronic invoices. The companies examined in the study have at least € 100 million (Kč 2.84 billion) in revenue and process at least 2,000 invoices a year. Some 28 percent of the companies send out more than 500,000 invoices per year."

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