Business supports electronic accounts
Software developer Basware disclosed results of the independent survey «Electronic accounts: global review» (E-invoicing: A Global View). 97% companies that took part in the research marked that migration on the electronic accounts can promote efficiency of their activity. However, mass spread of electronic accounts is tampered by impossibility of suppliers to conduct electronic transactions, that results in the necessity of the companies to use numerous portals.
Questioning, in which participated 1373 financial sphere workers from the USA, Europe, Scandinavian countries and Australia, defined the width of electronic accounts spread and driving stimuli for customers. Respondents as well also shared their concerning how migration on the electronic accounts helps companies to improve mutual relations with suppliers, to optimize cash flows, shorten delays of payment orders and increase profitability.
Although efficiency of the use of electronic accounts and purchase orders is widely acknowledged and two thirds of respondents mark their positive influence on business, their application has is not spread much yet. At present most companies (56%) receive in electronic form monthly not more, than 20% bills, and only 9% of respondents use electronic accounts very actively. 93% respondents understand that the processing of accounts requires some improvements in one or another degree.
72% respondents consider increase of operating efficiency as the primary goal in 2011, and as its solving almost all respondents named exactly passing to the electronic accounts. Nevertheless, companies planning to introduce automation of financial documents processing occur with immaturity of processes, when observance of legislative requirements, making alterations into existent legal acts and providing possibility of electronic work flow of documents with suppliers requires considerable expenditures of time and resources. All companies, participating in the survey, receive 74% bills in a paper form, scanning them for further processing, that is quite often done manually. Such not automated processes have rather negative impact on business-indexes.
A serious problem is lack of interoperability (collaboration between different operators of electronic bills exchange), and the use of different formats that limits possibilities of suppliers. 61% respondents declared about the necessity of the opened network to allow any purchaser, supplier or strange producer to operate electronic documents without depending on the presence in the company of proper technologies. Thus, 46% financiers consider the cost of introduction as a main problem, impedimental to the rapid mass passing to the electronic accounts. Impossibility of switching suppliers on the fully electronic bill presentment and integration in the process «from the purchase to payment», results in the decline of control over expenditures and has negative influence on efficiency of all cycle «from the purchase to payment». Suppliers, without depending on their size, sphere of activity or location, must have possibility to work in a single network, and for passing to the electronic transactions the special program is required for them.