The Development of Electronic Document Exchange

Document exchange represents a key part of the trade activities of each company. Technological changes provide various opportunities to companies to improve their efficiency. One of the useful and cost-effective technological innovation is electronic data interchange (EDI). Electronic invoicing represents one of the most important and current part of EDI. The aim of this work is to characterize the electronic invoicing and the level of its implementation in the Czech Republic. Using data from questionnaire filled by companies we will evaluate main motives and gains of its implementation. This study gives a general overview of development of electronic invoicing and among other it is one of the first steps in the mapping and in the understanding of this current trend. Results show that through demonstrable savings it is still a marginal issue with large space for further expansion. This phenomenon is mainly associated with retail and automotive industry.