Understanding the Global Footprint for Electronic Invoicing (Part 1)
Sometimes a picture can tell a thousand words -- or a thousand transactions. Electronic transactions, that is. Purchasing Insight's Pete Loughlin has come up with a simple and useful map that explores electronic invoicing's global footprint (see the photo below and also over
on the Purchasing Insight site). In his summary of world activity, Peter notes that "estimates vary, but only about 15% of the world's invoices are transmitted electronically and the level of adoption across the globe varies tremendously." Moreover, as we have explored extensively in our research as well, Peter suggests that the reasons for adoption are quite different in various locales. To wit, "In some countries, despite the approval of the tax and regulatory authorities, take up by business has been slow while in other parts of the world, it is governments' reluctance to accept e-invoicing that is acting as a blocker."
Peter divides up his world map into four regions:
- North America, Europe, Australia and New Zealand
- Latin America
- Asia Pacific
- Middle East and Africa
Stay tuned as our analysis of Purchasing Insight's world map continues.
Source: Purchasing Insight
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It's not unusual to group North America (including Canada) with Europe as well as Australia and New Zealand. They have lots in common that characterize them as a single collective entity sometimes referred to as "The West". Historically dominated by a Judeo-Christian culture, the use of English as a common business language, similar albeit varied styles of democratic government - all of these factors generate a mutual sympathy for the way business is conducted including the adoption of recognition of technology as a business tool. This is what makes them similar in the context of e-invoicing.