In the 2013 Global eInvoicing Report, PayStream Advisors’ research showed that the use of electronic invoicing was steadily growing among organizations throughout the world. This year, PayStream’s research results have reaffirmed these findings, showing that more governments and businesses are taking advantage of the benefits of eInvoicing networks in nearly all developed nations around the globe.

 

In some regions of the world, such as in Europe, both private and public sectors are pushing widespread electronic invoicing use, and there are a variety of eInvoicing solutions available. In Latin America (LatAm), adoption initiatives are already firmly in place because of the benefits of tax control and compliance the systems bring. Some continents see smaller adoption efforts due to differences in tax systems, like in North America, or a lack of government cooperation, as in parts of Asia and all of Africa.

 

Despite the differing degrees of eInvoicing use, adoption initiatives are growing as businesses seek to open up more channels for electronic interaction with their trading partners. In addition, governments are recognizing the added tax revenues and greater compliance that eInvoicing networks can bring. In response to these trends, solution providers are developing their products with more security, greater adaptability, and an increasingly large global focus.

 

PayStream Advisors has assembled this report to serve as a guide to the current condition of business-to-business (B2B) electronic invoicing among global organizations. It offers insight into the trends among large corporate players in the worldwide arena and details strategies organizations can employ to optimize interaction with international trading partners. The purpose of this report is to aid AP, Purchasing, and IT professionals in their search for solutions that best fit their eInvoicing needs.