Benefits of Electronic Invoicing at a glance
Reduce hours and errors. Eliminate data entry and the costly and time-consuming mistakes common to manual invoice processing. With electronic invoicing, suppliers typically submit PDF invoices.
Reduced Operating Cost
Automating the receipt, extraction and validation of invoice information eliminates the manual keying and paper handling that drives up the costs of most accounts payable departments.
Increased Visibility and Controls
Electronic invoicing systems provide access to real-time data necessary to control cash flow. Automated solutions offer reporting from specific transactions to big-picture overviews. Managers can see at a glance which invoices have been paid, which are overdue, and what is causing any delays.
Electronic invoicing represents cost savings for the receiving company and trading partners or suppliers. By going paperless, organizations will also reduce their carbon footprint, a point that integrates well into green initiatives popular with consumers.