Having worked with various types of companies for years, I have noticed that companies manage their documents in a surprisingly decentralized manner. Different departments have their own ways of processing things, and these practices have often simply developed and become established within the departments, without anyone giving a thought to how they are linked to the company’s other processes.

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Managing electronic documents incorrectly can cause your company a number of problems, the most serious of which is that you may even be breaking the law…

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I’ll admit, I didn’t read the full report but then again, I don’t think it’s meant to be a cover-to-cover read. I’ve been a fan of Bruno’s for a few years now. I’ve enjoyed his reports (I do believe they are the de-facto go-to source for all things e-invoicing) over a period of years. He and I have chatted more than a few times and I’ve been lucky enough to have interviewed him multiple times as well. It probably would come as no surprise to him that I’m a little disappointed. Not with the report, but with the incremental (some might say sluggish) growth of e-invoicing. 

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In this series of blogs, we have discussed the way in which companies can achieve a highly digital business network. Even when a company has achieved its dream of 100% digitalization, it is unlikely that this situation will remain static, as it is natural for developing companies to change suppliers regularly and acquire new customers.

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It’s no secret that the invoice handling process in best-in-class organizations operates like clockwork. But just how do they achieve this? It all starts with excellence in procurement – particularly when it comes to indirect spend.

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