Electronic invoicing has received great attention in recent years. Automation of traditional manual paper-based processes can largely help companies save money and time. In spite of obvious advantages of electronic invoicing, only about 2%-10% of total bills are handled electronically. One of the problem of einvoices is difficulties with the system scalability. So few companies have taken the plunge. Governments have to work on tax and regulatory discrepancies.
Electronic invoicing can be considered as long-term investment in IT. Moreover einvocing is part of corporate social responsibility. Its indicator of environmental awareness, since tons of paper are used for manual invoices. Companies are looking to reduce paper-based expenses as well. Its in their interests as well. Would like to quote Joseph Pacor, a solution expert at SAP, "The desire to be green and lean at the same time is starting to generate a lot of interest in solutions for electronic invoicing."
Monitoring and control are another big advantages of einvoicing. Data automation provides greater visibility and clarity. Electronic invoicing creates cost savings on sending, faster payment processes and much better data integration.
So what electronic invoicing gives to you? A looot. It reduces costs, eliminates errors, increases visibility, reduces invoice processing time, increases internal control.
Go electronic invoicing