Traditional invoice processes are inefficient, error-prone and slow. A company that sticks to manual processing of paper invoices or scanned images is wasting money on administration costs and unidentified invoice errors. Even worse, manual processes make it difficult to pay suppliers on time, depriving them of vital cash flow, possibly risking their very survival.
The companies that aspire and strive to have their processes streamlined, use online invoicing software to handle ten times as many invoices per person as their competitors. Online invoicing is not a question of turning paper into scanned images – it’s about automatically matching fully electronic invoices with supporting records.
Online invoicing also addresses the issues of reduce waste, delays and errors. This ensures timely payments, smooth transactions and better relations with the clients. This is why companies have now switched to straight through processing and use supplier self-service functionality to mitigate client inquiries and discrepancy resolution. Online invoicing efficiently drains out these issues and ensues clutter free invoicing.
There has never been a better time to implement online invoicing. Learn how you can reduce costs, improve efficiency and accuracy, and achieve desirable ROI in relatively quick span of time.