Supplier Onboarding: Why and How?
Supplier onboarding is a crucial phase in the transition from paper invoices to electronic invoices. Without a sufficiently high share of electronic supplier invoices, your processes will remain only partially optimized.
In this fourth chapter of our introductory ebook 5 Things You Need to Know About e-Invoicing, we will take a closer look at what concrete steps you need to take to increase your organization’s e-ratio.
We will explain all the key elements of a successful supplier onboarding campaign:
- Analyzing supplier base
- Choosing the right approach
- Monitoring the progress
- Analyzing the results
With an effective supplier onboarding campaign, you can expect that in 12 months your e-ratio will have increased to about 80%, where four invoices out of five you receive is an e-invoice.