e-Invoicing refers to the ability for a buyer to receive invoice data from the supplier in a format that it can enter into the buyers Accounts Payable system without requiring any manual data entry by Accounts Payable staff.
A well established mechanism used widely internationally this technology is now readily available to organisations processing say 10,000 invoices or more per year.
It is widely accepted that the purchase to pay processing of a paper invoice costs from £20 per invoice upwards. Typically an e-invoice will cost you around £0.20 to £0.30 to receive on top of the initial setup which is roughly between 1/10th & 1/100th depending on the factors you include in your calculation.
i-Dynamics established relationships with most of the UK e-Invoicing network providers.
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