Wednesday, April 6, 2011

Advantages of E-Invoicing

To make your business sense and to have a business wealth, E-Invoicing is one of the convenient ways to deliver the invoice and other related information regarding the company to its customers through online mode. E-Invoicing is no longer paper based which tends to achieve the low cost accounts payable transactions and grows your business faster by setting up the automation of an organization’s billing process.

E-Invoicing provides an effective solution in small and medium-sized business sectors by removing the manual calculation process with the paper-based system. Highly securable documents including the real time reports and other related statements can be transferred and accessed easily through this E-Invoicing system. It’s not necessary to replace the existing system and technology on working with this invoicing system.



This real time processing system has various benefits:

- Managing the accurate information which can be used for the cash-flow strategies.

- Highly securable, as it uses digital signature to guarantee that the file remains unchanged

- Multiple data format invoices can be processed.

- Quicker response in delivering the real time data that enables the suppliers to pay on time.

- Eliminating the errors and increasing the visibility of the data.

- Highly improved service levels with internal controls.

The disadvantage is that the user can download an invoice only after receiving an invoice through e-mail and can manually proceed by entering the data in bookkeeping system. An E-Invoicing system helps in addressing the entire requirements and benefits to automate the accounting and finance process. The issues regarding the integration of new technologies can be overcome with the existing invoicing network. Invoicing solution provides greater benefits in the business process.