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The Benefits of e-Invoicing
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 – Increased accuracy – Increased AP productivity – Faster processing and payment cycles – Focus on higher value activities – Enhanced accounts reconciliation – Improved cash management – Reduced fraud, duplicates and late payment fees – Improved dispute handling – Improved supplier relationships – Optimised community management |
– Faster payments – Reduced costs – Fewer rejected invoices – Increased productivity – Enhanced accounts reconciliation – Improved customer relationships – Improved cash management – Alternative finance options |
– Improved visibility – Optimised working capital – Improved compliance – Improve supplier/customer relationships – Enhanced IT system optimisation – Meeting green initiatives |
Find out more regarding getsix® solutions:
| Receiving e-Invoices | Procure-to-Pay (P2P) | Sending e-Invoices | Order to Cash (O2C) |
|---|---|---|---|
| – Receiving e-Invoices | – Procure to pay | – Sending e-Invoices | – Order to cash |
