Basware Launches White Paper on Why Governments Should Go Paperless

Basware, the leading provider of e-invoicing and purchase-to-pay solutions, today launched its latest white paper examining the impact of e-invoicing adoption on governments. While the global market penetration of e-invoicing is estimated to be just 10 per cent, the savings that e-invoicing can bring are contrastingly high – up to 90 per cent of the cost of processing. Low uptake of processing invoices electronically means there is an untapped opportunity by many governments worldwide by going paperless.

Yet while every country has a problem that can be solved by e-invoicing – from driving down costs and increasing efficiency to ensuring control and compliance – the reasons that make it compelling differ from market to market, as does adoption. In the paper – titled “Why are governments not paperless?” – Basware consolidates views and country-specific case studies to examine several current country models, and the future it sees for each.

“E-invoicing has started to become more commonplace as the technology has developed, awareness of the benefits increases and governments learn from the success of other countries and the private sector. However, we want to see the technology become business as usual. From cost and efficiency benefits to compliance and control, the priorities for e-invoicing are wide ranging and often highly personalised to an individual country. The Nordics and Latin American are front-runners in the transition to e-commerce. But while Business to Government e-commerce initiatives are being increasingly discussed, the benefits still need to be realised more widely by governments on a global scale,” said Esa Tihilä, CEO, Basware Corporation. “We felt it would be valuable to evaluate the status of different governments globally on their journey to becoming paperless, and outline the steps to make it a reality.”

The white paper focuses on three core areas: providing a comprehensive insight into the state of play of electronic invoicing and payment methods in Business to Government (B2G) commerce worldwide, uncovering the different reasons that governments implement e-invoicing, and the solutions that can move countries forward to become paperless.

The paper suggests that owing to the range of different motivations around the world, there is no universal approach to the rollout of e-invoicing. The common thread that will decide the future of whether governments are successful in going paperless is developing open standards. This allows e-invoicing models to be transferred from Brazil to Portugal, or from Finland to Australia, for example.

Basware’s vision is to set governments free to unlock new value streams for themselves as well as their economies. Basware has a strong presence in the public sector with customers in multiple markets globally.

More information:

Basware white paper “Why are governments not paperless?”: www.basware.com/knowledge-center/public-sector-e-invoicing-paperless-billing

Basware solutions for Public Sector: www.basware.com/public-sector

About Basware

Basware is the global leader in providing purchase-to-pay and e-invoicing solutions in the world of commerce. We empower companies to unlock value across their financial operations by simplifying and streamlining key financial processes. We help our customers to succeed and create added value to their business through better financial management. Our Basware Commerce Network, the largest open business network in the world, connects 1 million companies across 100 countries and enables easy collaboration between buyers and suppliers of all sizes. Through this network, leading companies around the world achieve new levels of spend control, efficiency, and closer relations with their suppliers. With Basware, businesses can introduce completely new ways of buying and selling to achieve significant cost savings and boost their cash flow.

Find out how Basware helps money move more easily and lets commerce flow at www.basware.com.

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Contact information

Basware
Sirje Ahvenlampi-Hyvönen
Communications Director
sirje.ahvenlampi@basware.com
tel. +358 50 557 3822
or
LEWIS PR
Duncan Burford
Account Director
duncan.burford@lewispr.com
tel. +44 (0)207 802 26 26