In a digital age, when the concept of the paperless office is often advocated, it seems strange that so many organisations still use traditional invoice systems based on inputting information into a computer, printing it out on paper, putting it in an envelope and sending it via a ‘snail mail’ service. However, in recent years there has been a push to offer solutions and services that are designed to streamline invoice processes and allow organisations operating in the business-to-business, business-to-consumer and government sectors with automated electronic invoice (e-invoice) systems to halve their invoicing costs.
Traditionally the domain of technology companies, e-invoicing is something that banks are increasingly embracing, enabling them to extend their payments services to a broader range of customers. Technology companies have typically directed their e-invoice products at the top 500 companies.
