
Published: February 16, 2016
Access Level: Free
Research Topics:
Best Practices Invoicing & Payments P2P Procurement Strategy & Planning
Access Level: Free
Research Topics:
Best Practices Invoicing & Payments P2P Procurement Strategy & Planning
Today, a minority of overall invoices that pass through various Federal Agencies and Departments are electronic. According to the Office of Management and Budget (OMB), only 40% of the approximate 19 million invoices processed by the Federal government each year pass through an e-invoicing environment.
Of this 40% of electronic invoices, only a portion leverage an end-to-end e-invoicing environment. Opportunity knocks for greater adoption! In this paper, Jason Busch walks readers through what the OMB mandate means for Federal e-invoicing, how the US stacks up to its foreign counterparts, and how (and when!) companies should prepare.