• Nikolajsen Sherman ha publicado una actualización hace 3 meses, 3 semanas

    Electronic invoicing, or e-invoicing, like the name implies, is the electronic exchange of invoice documents from a supplier and the customer. Electronic invoicing surpasses merely sending a PDF receipt into a customer via email. A real e-invoicing option is an internal solution where an electric invoice is transmitted and received seamless between your supplier’s a / r system along with the customer’s accounts payable system. E-invoicing documents are typically exchanged in EDI or XML formats. (Source: E-Invoicing Basics)

    Why switch coming from a manual, paper-based system for an electronic invoicing system? Paper-based method is notoriously time-consuming and prone to errors. Therefore, paper invoicing is likely to have higher costs and longer processing lifecycles.

    Regardless of the widespread adoption of automation for many business processes, accounts payable and a / r processes remain largely manual (Source: Dolphin Corp).

    Advantages of~conveniences of E-Invoicing for Suppliers

    Switching to e-invoicing solves these complaints, leading to faster processing, lower transaction costs, greater visibility, and significant savings. From the business perspective, e-invoicing delivers benefits through the entire AR / AP process.

    First off, there isn’t any mail to sort, distribute, or open. Not just that, e-invoicing eliminates expenses associated with paper bills, envelopes, and postage. Plus, it will require much less time for you to process generate bill payment. With the new system, you may create and distribute a whole batch of invoices with just a few clicks. (Source: Pay Simple)

    Next, there’s no data entry required. Because the payment comes to the buyer’s accounts payable system automatically, the accounts payable clerk doesn’t have to type in the data by hand. E-invoicing eliminates the opportunity for mistakes and ensures accuracy. Likewise, you needn’t scan paper bills, another manual method that takes time and can be vulnerable to errors for example illegible scans.

    Meanwhile, all invoices are instantly and securely delivered. By reducing mail in the equation, you are also eliminating a couple of days from receipt to payment. Similarly, electronic payments speed the task and mean it’s not necessary to wait in the bank to deposit your money.

    Electronic invoices are really simple to store and reference, with no physical file cabinets required. As you contact customers, it is possible to will include a link or attachment for the original payment receipt, purchase order, or related documentation.

    Important things about E-Invoicing for Buyers

    E-invoices offer benefits on your customers too. By way of example, you can provide a selection of payment options for example debit, credit, and ACH. Paperless system also opens the door to automated reminders detailed with integrated «pay now» buttons that link to into your market. Your customers’ accounts payable team will appreciate lacking to manually enter data or scan paper bill, too.

    Switching to e-invoicing saves time and cash, a win-win for both sides.

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