The Benefits
E-invoicing enables a company to automate their invoice processing. As a result, buyers, suppliers and other managers gain a number of operational and strategic benefits. In addition to cost savings, the ability to automate the invoicing process and integrate with other business systems provides business efficiency and revenue generating opportunities.
At a glance
The key benefits for buyers, suppliers and managers include:
For buyers | For suppliers | For managers |
---|---|---|
Reduced costs | Faster payments | Improved visibility |
Increased accuracy | Reduced costs | Optimised working capital |
Increased AP productivity | Fewer rejected invoices | Improved compliance |
Faster processing and payment cycles | Increased productivity | Improve supplier/customer relationships |
Focus on higher value activities | Enhanced accounts reconciliation | Enhanced IT system optimisation |
Enhanced accounts reconciliation | Improved customer relationships | Meeting green initiatives |
Improved cash management | Improved cash management | |
Reduced fraud, duplicates and late payment fees | Alternative finance options | |
Improved dispute handling | ||
Improved supplier relationships | ||
Optimised community management | ||
Find out more » | Find out more » | Find out more » |
The link below directs you to a one page document that contains a good summary of some of the key business benefits any company can expect from e-invoicing and can be a useful discussion point for you to share within your organisation.
Click here to read this useful article that outlines the top ten business benefits of e-invoicing »
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