Achieve Your Business Goals Faster with Multifunctional E-Invoicing Platform

See infographics and check out the recent research findings and learn:

  • The current invoicing situation in the business landscape
  • The future of invoicing: predictions and speculation
  • What invoicing compliance problems are encountered?
  • How to improve problematic invoicing compliance
  • Why manual invoice processing equals frequent errors

 

1. Only a comprehensive solution allows to noticeably improve invoicing operations

Why e-Invoicing?

  • Business partners requirements (Partner already uses e-Invoicing, Paper
    invoices are no longer accepted by many organizations)
  • Legal requirements (Country-specific regulations, EU Directive 2014/55/EU
    on e-Invoicing to public authorities)
  • Internal requirements (Transparency and responsiveness, Reduction of
    error rate and corrections)

e-Invoicing optimization includes

  • Reduction of costs
  • Increase in costs flexibility
  • Improvement in workflows and working capital

  

Download Infographic

2. The current invoicing situation in the business landscape

We live in a digital world. However, according to Comarch’s research, the majority of organizations still receive most of their invoices in paper format/scanned (77% - medium and high volume combined) or manually entered email/PDF (68% - medium and high volume combined).
 

current invoicing situation

  

Download Infographic

3. The future of invoicing – predictions and speculations

  • 50% of back-office processes are expected to be substituted by RPA solutions in the upcoming years*
    *Billentis report
     
  • Many jobs in the invoice processing area will become automated by 2035
    *Oxford University
     
  • Jobs that will be automated include:
    Data Entry Keyes, New Account Clerks, Procurement Clerks, Claim Adjusters, Bookkeeping, Accounting, Auditing Clerics, Checkers, Billing and Posting Clerks, Surveying and Mapping Technicians, Bill and Account Collectors, etc.

  

Download Infographic

4. What invoicing compliance problems are encountered?

What invoicing compliance problems are encountered?

 

  • More than half of the companies underlined ensuring tax/VAT compliance (63%) and the integrity of invoice content (54%). Fail to comply with those formalities and you may face unnecessary additional cost and create a risk of liability for those responsible for tax settlements.
     
  • One in five companies reported many problems with archiving rules (22%) and protection of sensitive data (21%). In the event of a security breach, losing company’s crucial data (e.g. personal information of customers) results not only in fines but also in serious loss of reputation and clients’ trust.

  

Download Infographic

5. How to improve that problematic invoicing compliance?

How to improve that problematic invoicing compliance?

  

Download Infographic

6. Manual invoice processing equals frequent errors

Main reasons behind payment delays by B2B customers

Incorrect information
on invoices
Invoice sent to a
wrong person
Asia Pacific26%19%
The Americas26%21%
Europe15%12%

* Comarch’s own survey

  

Download Infographic

7. Status of automation: what companies have now vs. what would like to have in the future

Status of automation:

  

Download Infographic

8. Improvements that companies observed after implementation

Improveemnts that companies observed after implementation
 

e-invoicingManual processing
5-7 minutes / invoiceup to 20 minutes
saved up
25 minutes / invoice
4,50 euro / invoice6,60 euro saved up11,10 euro / invoice

  

Download Infographic

9. e-Invoicing makes a difference

e-Invoicing makes a difference

  

Download Infographic

10. Comarch e-Invoicing saves the day

 

Learn more about e-Invoicing solution

Tell us your business needs, and we’ll find the perfect solution