Survey from GXS reveals EDI as the top choice of respondents for e-invoicing
The results of “The State of e-Invoicing in Business Today” survey from GXS have been revealed. Respondents were asked questions regarding their current e-invoicing practices. The survey was distributed to nearly 200 medium to large sized companies across Europe.
The survey revealed that the most popular and compliant process for achieving the authenticity and integrity of electronic invoices was Electronic Data Interchange (EDI) via a B2B network, according to 77% of the respondents.
Digital signatures were also among the most popular choices at 57%. And, nearly 21% mistakenly believed that email was able to meet compliance standards to guarantee the authenticity and integrity of their einvoices.
The increasing complexity surrounding einvoicing compliance has made it difficult for many organizations to know where to begin. As we see from the survey results, companies are turning to one of the most established and recognized options, EDI.
Surprisingly, the survey found the potential cost savings associated with einvoicing was considered to be the least important reason for companies considering adopting einvoicing, with just 10% selecting it as their primary reason for introducing einvoicing.