Burlington, MA (PRWEB) January 22, 2014
A new report by PayStream Advisors shows that more organizations of all sizes are abandoning paper-based invoices in favor of electronic invoicing.
“After over a decade of market excitement about the coming of the electronic future, we are now witnessing the long awaited migration of e-Invoicing from the large early adopters into the fat middle market of the SMEs,” said Henry Ijams, PayStream Advisors Managing Director. “This market expansion is driven by the challenges faced by companies of all sizes that are plagued by manual processes, coupled with the emergence of a new generation of affordable, easy-to-implement technology solutions such as Nipendo Supplier Cloud.”
Highlights of the report findings include:
“This new report by PayStream Advisors provides valuable benchmarks to gauge the state of e-Invoicing adoption,” said Eyal Rosenberg, Nipendo Co-founder and CEO. “Although the rate of adoption is on the rise, there is still a lot of confusion in the marketplace, as organizations struggle to make sense of the wide range of solutions offered. While electronic transmission of invoices is an important first step forward, the real benefits and ROI are achieved once costly and error-prone manual processes are replaced with automated validation and approval of invoices as part of a complete, touchless procure-to-pay process.”
For a complimentary copy of the entire PayStream Advisors report, go to http://www.nipendo.com/paystream-einvioce.
Nipendo’s buyer-supplier collaboration platform empowers organizations around the globe to reach a new level of procure-to-pay automation that is not just paperless but also errorless and effortless, achieving over 90% straight-through processing of supplier transactions directly to their ERP systems. Nipendo enables seamless interoperability with any supplier communication solution—including EDI, supplier network, and e-invoicing—allowing enterprises to leverage their existing implementations and extend fully-automated electronic procurement and invoicing to the entire supplier ecosystem. For more information visit http://www.nipendo.com.
About PayStream Advisors
PayStream Advisors provides in-depth research, reviews and comparisons of top accounts payable and purchase to pay automation software. Offering research and insight to help companies improve AP efficiency, PayStream Advisors also hosts the annual Purchase to Pay Summit, INNOVATE ’14, where accounts payable, finance and procurement leaders gather to share ways to advance purchase to pay processes through collaboration and automation. For more information please visit: http://www.paystreamadvisors.com.