COU001 INVOICING TRENDS INFOGRAPHIC V2not all e-invoicing solutions were created equally coupa’s...
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AP IS A PROBLEM THAT NEEDS FIXING ORGANIZATIONS ARE SPENDING MORE TO FIX THE PROBLEM OCR: A METHOD OF AUTOMATION ON THE RISE PREPARING FOR GROWTH WHAT’S THE BEST WAY TO AUTOMATE? E-INVOICING: TRENDS AND MARKET DRIVERS 55% OF FINANCE EXECS SAY THEIR COMPANIES ARE FOCUSED ON GROWTH 67% OF CFO’S EXPECT AN IMPROVEMENT ON GLOBAL DEAL VOLUME OVER LAST YEAR 2008 SWEDEN 2010 BRAZIL 2010 FINLAND 2011 MEXICO 2011 NEPAL 2012 GREECE 2013 NORWAY 2013 U.S 2014 AUSTRIA 2015 SPAIN GOVERNMENTS AWARE OF BENEFITS OF E-INVOICING 10 % 1 IN 4 FINANCE MANAGERS SAY AT LEAST 10% OF AP BUDGET IS SPENT ON AUTOMATION, UP FROM 1 IN 5 IN 2013 AUTOMATION CAN TAKE MANY FORMS ALLOWING YOU TO … 12 COUNTRIES ALREADY HAVE SOME FORM OF PUBLIC SECTOR E-INVOICING MANDATE PRIORITY # 1 Too time intensive Too labour intensive Too much paper Remains the most manual department in finance 23 % 2013 38 % 2014 USE OF OCR NEARLY DOUBLED FROM 2013 TO 2014 IT CLEARLY HASN’T MET THE NEEDS OF EVERYONE BUT NOT ALL E-INVOICING SOLUTIONS WERE CREATED EQUALLY COUPA’S OPEN BUSINESS NETWORK MEANS ALL SUPPLIERS (NOT JUST YOUR PREFERRED ONES) CAN INVOICE ON DAY 1 DUE TO A HEALTHIER GLOBAL ECONOMY, INVOICING IS ONLY SET TO INCREASE CLOUD BASED, OPEN-NETWORK E-INVOICING IS THE ONLY WAY TO GO 55 % 67 % 10 % INVOICE VOLUME INCREASED BY BETWEEN 2013 & 2014 © Copyright Coupa 2015 Looking into e-Invoicing solutions? Why not start with the best in the market? Learn more about our market-leading solution at coupa.com/invoicing or see the Coupa Benchmark at coupa.com/benchmark to see how your current solution stacks up. SO WHY NOT MAKE THE SWITCH? INTRODUCING E-INVOICING CHECK AGAINST A PO CHECK FOR A SUPPLIER REFERENCE CHECK WHETHER THE INVOICE ADDS UP REMOVE DATA ENTRY FOR SENIOR EXECUTIVES IN 2015 70% OF THE GLOBAL MARKET ARE EXPECTED TO HAVE E-INVOICING MANDATES BY THE END OF 2015 2005 DENMARK 2012 KAZAKHSTAN PORTAL SUPPLIER ACTIONABLE NOTIFICATION (SAN) DIRECT CONNECTION AP INBOX PAPER ALL OTHER SUPPLIERS PREFERRED FREE ENTRY FREE ENTRY FREE ENTRY FREE ENTRY FREE ENTRY PDF eInvoicing trends Business Wire, 2014. Survey Report: Senior Finance Executives Say Accounts Payable is Their Top Priority for Improvement in 2015 / Coupa, 2015. Coupa eInvoicing solutions v13 / Institute of Financial Operations, 2014. 2014 AP Automation Study / Forbes, 2014. Growth returns to the CFO agenda / ReadSoft, 2014. Improve your accounts payable operations in 2015 / Shared Services Link, 2014. B2G e-Invoicing will be mandatory in Spain from January 2015 / Corcentric, 2014. Big Changes Coming for Accounts Payable in 2015 / Yahoo Finance, 2014. Survey Report: Senior Finance Executives Say Accounts Payable is Their Top Priority for Improvement in 2015 / The Accounts Payable Network, 2013. The Global State of E-invoicing Mandates.
Transcript of COU001 INVOICING TRENDS INFOGRAPHIC V2not all e-invoicing solutions were created equally coupa’s...
AP IS A PROBLEM THAT NEEDS FIXING
ORGANIZATIONS ARE SPENDINGMORE TO FIX THE PROBLEM
OCR: A METHOD OF AUTOMATIONON THE RISE
PREPARING FOR GROWTH
WHAT’S THE BEST WAYTO AUTOMATE?
E-INVOICING: TRENDSAND MARKET DRIVERS
55% OF FINANCE EXECSSAY THEIR COMPANIES ARE
FOCUSED ON GROWTH
67% OF CFO’SEXPECT AN IMPROVEMENT ON GLOBAL DEAL VOLUME
OVER LAST YEAR
2008SWEDEN
2010BRAZIL
2010FINLAND
2011MEXICO
2011NEPAL
2012GREECE
2013NORWAY2013
U.S
2014AUSTRIA
2015SPAIN
GOVERNMENTS AWARE OFBENEFITS OF E-INVOICING
10%
1 IN 4 FINANCE MANAGERS SAY AT LEAST 10% OF AP BUDGET IS SPENT ON AUTOMATION, UP FROM 1 IN 5 IN 2013
AUTOMATION CANTAKE MANY FORMS
ALLOWING YOU TO…
12 COUNTRIES ALREADY HAVE SOME FORM OF PUBLIC SECTOR
E-INVOICING MANDATE
PRIORITY#1
Too timeintensive
Too labourintensive
Too much paper
Remains the most manualdepartment in finance
23%
2013
38%
2014
USE OF OCR NEARLY DOUBLEDFROM 2013 TO 2014
IT CLEARLY HASN’T MET THENEEDS OF EVERYONE
BUT
NOT ALL E-INVOICING SOLUTIONS WERE CREATED EQUALLY
COUPA’S OPEN BUSINESS NETWORKMEANS ALL SUPPLIERS (NOT JUST YOURPREFERRED ONES) CAN INVOICE ON DAY 1
DUE TO A HEALTHIER GLOBAL ECONOMY, INVOICING IS ONLY SET TO INCREASE
CLOUD BASED, OPEN-NETWORK E-INVOICING IS THE ONLY WAY TO GO
55% 67%
10%
INVOICE VOLUME INCREASED BY
BETWEEN 2013 & 2014
© Copyright Coupa 2015
Looking into e-Invoicing solutions?Why not start with the best in the market?
Learn more about our market-leading solution at coupa.com/invoicingor see the Coupa Benchmark at coupa.com/benchmark
to see how your current solution stacks up.
SO WHY NOT MAKE THE SWITCH?
INTRODUCINGE-INVOICING
CHECK AGAINST A PO
CHECK FOR A SUPPLIER REFERENCE
CHECK WHETHER THE INVOICE ADDS UP
REMOVE DATA ENTRY
FOR SENIOR EXECUTIVES IN 2015
70%OF THE GLOBAL MARKET ARE EXPECTED TO HAVE
E-INVOICING MANDATES BY THE END OF 2015
2005DENMARK
2012KAZAKHSTAN
PORTAL SUPPLIER ACTIONABLE
NOTIFICATION (SAN)
DIRECT CONNECTION
AP INBOX PAPER
ALL OTHERSUPPLIERS
PREFERRED
FREE ENTRY FREE ENTRY FREE ENTRY FREE ENTRY FREE ENTRY
eInvoicing trends Business Wire, 2014. Survey Report: Senior Finance Executives Say Accounts Payable is Their Top Priority for Improvement in 2015 / Coupa, 2015. Coupa eInvoicing solutions v13 / Institute ofFinancial Operations, 2014. 2014 AP Automation Study / Forbes, 2014. Growth returns to the CFO agenda / ReadSoft, 2014. Improve your accounts payable operations in 2015 / Shared Services Link, 2014.B2G e-Invoicing will be mandatory in Spain from January 2015 / Corcentric, 2014. Big Changes Coming for Accounts Payable in 2015 / Yahoo Finance, 2014. Survey Report: Senior Finance Executives SayAccounts Payable is Their Top Priority for Improvement in 2015 / The Accounts Payable Network, 2013. The Global State of E-invoicing Mandates.
