By Sami Nikula
We recently launched our 2012 Global E-invoicing Study which yielded some thought-provoking insight. One in particular was that even though small businesses are more likely to use PDF systems to send invoices than big businesses (49% to 30% respectively), when it comes to the use of e-invoicing, company size does not have an impact. In fact 76% of SMEs use some form of e-invoicing compared to just 74% of enterprise organizations. Having worked in this industry for quite a few years now, it’s interesting to see.
This highlights that whilst size might determine, to a large degree, the volume of invoices sent and received per month, company size does not determine levels of e-invoicing sophistication to the same degree.
It’s encouraging because companies will always behave differently from one another and create various invoice strategies but this is not wholly based on the invoice volume and size of the organization. The sophistication of certain systems within an organization, including payroll and HR schemes, will without doubt depend on company size but in terms of invoices, things are different. Size is no longer a big issue at least.