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Today, corporates across industries consider the implementation of e-invoicing systems as part of their broader e-procurement strategy. Corporates take the lead in guiding their supply chain partners towards more efficient and dematerialized supply chain
processes. While these digital transformation trajectories yield substantial benefits when executed properly, corporates face challenges in capitalizing on this opportunity in their supply chain. These challenges differ according to a corporates’ adoption
phase of digital transformation, as depicted in attached picture.
The key to maximizing the Return on Investment (ROI) and minimizing break-even time of digital transformation projects (ie. realization and implementation of e-invoicing) is to ensure high supplier adoption rates in phase 4. While this sounds logical, less
than 20% of corporates are successful in achieving adoption rates higher than 40% (of total invoice volume, source: Glenbrook, 2010).
There are many factors determining the potential success of your adoption strategy, including how ‘closed’ your industry is and the level of standardization in your domain. Many other factors are within the corporate’s span of influence. A number of important
There are many more ways for corporates to stimulate supplier adoption and to successfully execute digital transformation projects (ie. e-invoicing). However, supplier adoption is a key objective that should be the core theme in any digital transformation
program of a corporate.
19 Mar 2009
This post is from a series of posts in the group:
A discussion of trends in innovation management within financial institutions, and the key processes, technology and cultural shifts driving innovation.