Related Review
Chapter II Review of related literature and studies A. Review of related literature The researchers believed that our century today is rapidly evolving from primitive to modern technology. The used of computers and other types of gadgets is a necessity to human beings. It enables business to work with ease by having an organized computer generated system.
Foreign literature
According to Paolo Malinverno, Research VP, Gartner who wrote an article that originally appeared in Outsource magazine Issue #30 Winter 2012 as part of the article entitled Fast Money.(December 13, 2012)
He stated that electronic invoicing was now a global phenomenon. It was dormant for quite a long time; the EU issued a Directive for making it legal in around 1994 but this was not implemented fully for a number of years. It took the worldwide financial crisis, and the fact that the first few offerings started to consolidate the multinational status in a multinational fashion, for the phenomenon really to start going.
Electronic invoicing is now mandatory in several countries (especially, but not only, in South America). In some countries it is partially mandatory. In some other countries, such as most of Scandinavia, it is just common practice. Some others like the UK, France, and Australia are going through further local legislation. Electronic invoicing is seen as a way of containing costs, and several governments mandate they choose the receipt of invoices in the current fashion. The US government in theory should always receive an electronic invoice but the reality is that only a third are electronic at this stage.
He also included in the article the cost benefits of having an electronic invoicing system. According to him the European Institute of Accountants has estimated that the cost of processing a paper invoice – even if you have cheap manpower, in whatever region of the world you choose – hardly goes below, say, £60. The average for an electronic invoice when you actually
Foreign literature
According to Paolo Malinverno, Research VP, Gartner who wrote an article that originally appeared in Outsource magazine Issue #30 Winter 2012 as part of the article entitled Fast Money.(December 13, 2012)
He stated that electronic invoicing was now a global phenomenon. It was dormant for quite a long time; the EU issued a Directive for making it legal in around 1994 but this was not implemented fully for a number of years. It took the worldwide financial crisis, and the fact that the first few offerings started to consolidate the multinational status in a multinational fashion, for the phenomenon really to start going.
Electronic invoicing is now mandatory in several countries (especially, but not only, in South America). In some countries it is partially mandatory. In some other countries, such as most of Scandinavia, it is just common practice. Some others like the UK, France, and Australia are going through further local legislation. Electronic invoicing is seen as a way of containing costs, and several governments mandate they choose the receipt of invoices in the current fashion. The US government in theory should always receive an electronic invoice but the reality is that only a third are electronic at this stage.
He also included in the article the cost benefits of having an electronic invoicing system. According to him the European Institute of Accountants has estimated that the cost of processing a paper invoice – even if you have cheap manpower, in whatever region of the world you choose – hardly goes below, say, £60. The average for an electronic invoice when you actually