I think that you need to challenge yourself and look outside the box; using the electronic way instead of normal physical and manual processes are not just a “different way” to transport the diverse business documents. It is a way to enhance your O2C (and P2P) processes to a completely different (new) level – by the use of “electronic transportation”. What I mean is that a true fully electronic O2C solution (this does not include scanned documents or pdf’s) helps you to execute your work within the O2C processes in a new way and that the true electronic solution is the key component to optimize the use of working capital.
It’s normal to focus on and discuss the invoice part within the O2C and P2P processes, but it’s just one type of document and it’s when you understand that the usage of true electronic solutions applied on all types of documents within these processes, that the benefits of enhanced processes comes only when you go e-!
Many studies have pointed out that the digitalization and automation of administrative processes hold much, if not most, of the imminent productivity improvement potential. Migration to electronic structured invoicing is the most important step we can take in this direction – both as productivity and sustainability enhancers and as a key enabler for unification and automation in order, procurement, payment, tax, accounting processes and audits.
It’s not just about e-invoicing – it’s about what you get out of it!
Sales Area Financial Services