Open Networks: Essential Requirements for Global Business Commerce
Electronic invoicing over an open business network holds great potential for transforming accounts payable operations. The benefits include 60 percent to 80 percent in operational cost reduction, and more than $10 million in cost savings per $1 billion in spend.
These tremendous savings are possible when you you consider the additional value from
- improved compliance
- better management of working capital
- the capture of line-level invoice data for more efficient spend analysis and sourcing
But not all business networks are created equal. To achieve your business objectives and maximize the return on investment, you need to understand the key requirements of an open network.
Download this white paper to learn about the top ten requirements for making e-invoicing practical for global business commerce.