Make Your Business Grow Fast With Online Invoicing

MAKE YOUR BUSINESS GROW FASTER WITH ONLINË ÎNVÕICING One growing method of utilizing internet capabilities and stay competitive is the use of electronic invoicing. Why? Simply because it is efficient Vcost saving Annual bill and invoice volume Global annual invoice volume is ~350 billion, mostly in paper: Estimated electronic proportion of total volume in 2012 5% Consumer ( 200 Billions ) Annual bill & invoice volume estimated in 2012 (In all over the World) Estimated annual volume increase of electronic bills/invoices in 2012 from 2011 Business& Government ( 150 Billions ) +20% 2011 2012 In industrial countries, invoices represent~16-30% of the total (addressed) letter volume and up to 50% in less industrialized countries. International E-Invoicing Market 2012 B2B, B2G, G2B and B2C Leaders Average Developing Laggards Approximately half of all invoices are in B2C sector and the other half to the B2B sector (including B2G). B2B/B2G sector is completely fragmented in terms of the invoice senders and receivers. Only a few industries receive very high invoice volumes. The organizations with the highest inbound invoice volumes are: INDUSTRIES WITH HIGH INBOUND VOLUME 5% 10% Retail Healthcare Public sector Logistics Telecom Buyer Clubs, Trade 9% SHARE OF ALL 5-13% THE INVOICES 6% 9-15% Electronic Invoicing New age of invoicing has arrived Electronic Format of the Invoices Send | Send out Invoice As email invoices (PDF or equivalent attachments) As XML e-invoices using a service provider Through point-to-point electronic invoicing (EDI) Through a third-party welb service or portal As XML e-invoices not using a service provider We do not send out any invoices electronically 39% 28% 18% 13% 8% 25% Electronic Invoicing Historic Development 1998-2001 2001- 2004 2004 Multiple e-invoice standards (XML/ EDIFACT/UBL) and multiple solutions. Stagnant growth of EIPP and EBPP market continues. Banks and other industries develop multiple Electronic Bill Presentment and Payment (EBPP) and Electronic Invoice Presentment and Payment (EIPP) solutions. Launch of EEI: Initiative to Market take up is very slow - develop European Early adopter are facing significant problem. e-Invoicing Framework. It is estimated that electronic invoices will rapidly replace the paper based ones. It becomes obvious that new approach is needed. Standardization and unification activities begin.. New concept e-Invoicing via open market. Multiple industry associations and groups involved. More businesses now adapt online invoicing 2012 2011 Adaptation grew 10-15% in 2012 from 2011. 56% of businesses with sophisticated web-based or outsourced elinvoicing stated a reduced cost of invoice processing (compared to 47% of PDF users) and 38% reported reduced invoicing errors (compared to 28% of PDF users). Supplier resistance to elnvoice adoption has decreased from 46% in 2011 to 26% in 2012. Classic market development pattern in most countries 4. Mass market Adoption 3. B2B Large organizations 2. B2C Consolidator 1. B2C Biller Direct Time in Years 10 Predictions In Europe, the expected market penetration of elnvoices will be above 50% in 2017 for the B2B/B2G segment. -> In the US, elnvoices are likely to overtake paper in 2016. The annual elnvoicing growth rates in the US, of about 25%, are increasing, but are still almost 10% below European rates. Key reasons for adopting elnvoicing BENEFITS OF EINVOICING 75% Real-time data delivery - Quicker insight to incoming invoices enabling you to pay suppliers on time. 64%) Reduced costs - No postage costs and reduced staff time re-keying data. 47% Environmental responsibility-elnvoicing could help reduce your carbon footprint and the impact of your business on the environment. 45% Simplified invoicing process - Easy access to view your fees account, detailing all invoices, credit notes and payments. 45%) Eliminates errors - It can even deal automatically with issues such as missing purchase order numbers. 14% Multi-format acceptance - It can process invoices created in a number of different data formats, including EDI, XML and CSV. Other: Public sector initiatives – With the aim to reduce fraud and increase tax income and to optimize their own invoice processe Sources: http://e-invoicing.basware.com/?elqPURLPage=1502 http://www.rbs.co.uk/corporate/electronic-services/g7/e-invoicing/benefits.ashx http://www.slideshare.net/AdvancedCapture/trends-and-best-practises-for-e-invoicing-and-invoice-automation "2012 Global E-Invoicing Study"(PDF) "E-Invoicing/E-Billing. Opportunities in Challenging Market Environment"(PDF) "E-Invoicing/E-Billing. International Market Overview & Forecast" (PDF) "The Reality of elnvoicing" (PDF) "Global Development of Electronic Invoicing" (PDF) 2012 MAKE YOUR BUSINESS GROW FASTER WITH ONLINË ÎNVÕICING One growing method of utilizing internet capabilities and stay competitive is the use of electronic invoicing. Why? Simply because it is efficient Vcost saving Annual bill and invoice volume Global annual invoice volume is ~350 billion, mostly in paper: Estimated electronic proportion of total volume in 2012 5% Consumer ( 200 Billions ) Annual bill & invoice volume estimated in 2012 (In all over the World) Estimated annual volume increase of electronic bills/invoices in 2012 from 2011 Business& Government ( 150 Billions ) +20% 2011 2012 In industrial countries, invoices represent~16-30% of the total (addressed) letter volume and up to 50% in less industrialized countries. International E-Invoicing Market 2012 B2B, B2G, G2B and B2C Leaders Average Developing Laggards Approximately half of all invoices are in B2C sector and the other half to the B2B sector (including B2G). B2B/B2G sector is completely fragmented in terms of the invoice senders and receivers. Only a few industries receive very high invoice volumes. The organizations with the highest inbound invoice volumes are: INDUSTRIES WITH HIGH INBOUND VOLUME 5% 10% Retail Healthcare Public sector Logistics Telecom Buyer Clubs, Trade 9% SHARE OF ALL 5-13% THE INVOICES 6% 9-15% Electronic Invoicing New age of invoicing has arrived Electronic Format of the Invoices Send | Send out Invoice As email invoices (PDF or equivalent attachments) As XML e-invoices using a service provider Through point-to-point electronic invoicing (EDI) Through a third-party welb service or portal As XML e-invoices not using a service provider We do not send out any invoices electronically 39% 28% 18% 13% 8% 25% Electronic Invoicing Historic Development 1998-2001 2001- 2004 2004 Multiple e-invoice standards (XML/ EDIFACT/UBL) and multiple solutions. Stagnant growth of EIPP and EBPP market continues. Banks and other industries develop multiple Electronic Bill Presentment and Payment (EBPP) and Electronic Invoice Presentment and Payment (EIPP) solutions. Launch of EEI: Initiative to Market take up is very slow - develop European Early adopter are facing significant problem. e-Invoicing Framework. It is estimated that electronic invoices will rapidly replace the paper based ones. It becomes obvious that new approach is needed. Standardization and unification activities begin.. New concept e-Invoicing via open market. Multiple industry associations and groups involved. More businesses now adapt online invoicing 2012 2011 Adaptation grew 10-15% in 2012 from 2011. 56% of businesses with sophisticated web-based or outsourced elinvoicing stated a reduced cost of invoice processing (compared to 47% of PDF users) and 38% reported reduced invoicing errors (compared to 28% of PDF users). Supplier resistance to elnvoice adoption has decreased from 46% in 2011 to 26% in 2012. Classic market development pattern in most countries 4. Mass market Adoption 3. B2B Large organizations 2. B2C Consolidator 1. B2C Biller Direct Time in Years 10 Predictions In Europe, the expected market penetration of elnvoices will be above 50% in 2017 for the B2B/B2G segment. -> In the US, elnvoices are likely to overtake paper in 2016. The annual elnvoicing growth rates in the US, of about 25%, are increasing, but are still almost 10% below European rates. Key reasons for adopting elnvoicing BENEFITS OF EINVOICING 75% Real-time data delivery - Quicker insight to incoming invoices enabling you to pay suppliers on time. 64%) Reduced costs - No postage costs and reduced staff time re-keying data. 47% Environmental responsibility-elnvoicing could help reduce your carbon footprint and the impact of your business on the environment. 45% Simplified invoicing process - Easy access to view your fees account, detailing all invoices, credit notes and payments. 45%) Eliminates errors - It can even deal automatically with issues such as missing purchase order numbers. 14% Multi-format acceptance - It can process invoices created in a number of different data formats, including EDI, XML and CSV. Other: Public sector initiatives – With the aim to reduce fraud and increase tax income and to optimize their own invoice processe Sources: http://e-invoicing.basware.com/?elqPURLPage=1502 http://www.rbs.co.uk/corporate/electronic-services/g7/e-invoicing/benefits.ashx http://www.slideshare.net/AdvancedCapture/trends-and-best-practises-for-e-invoicing-and-invoice-automation "2012 Global E-Invoicing Study"(PDF) "E-Invoicing/E-Billing. Opportunities in Challenging Market Environment"(PDF) "E-Invoicing/E-Billing. International Market Overview & Forecast" (PDF) "The Reality of elnvoicing" (PDF) "Global Development of Electronic Invoicing" (PDF) 2012