Computers have brought a lot of changes in the business world and going paperless is one of the aspects which have been trending for a long time. Depending on the company size, there are businesses which generate hundreds of invoices every single day which is why it only makes sense if the process is automated. Emailing an invoice cannot be considered as e-invoicing because the client cannot get every aspect of the bill at a glance. Also, mail float is quite common which means the emails might be floating around for a while before they are received. The paper invoices have to be mailed through the postal system which is even slower. E-invoicing is constant and the templates are designed in a way that the information will be captured readily. Also, there are no delays in the delivery because the platforms used are defined. The speed of the process is commendable because time wastage is never an issue a business wants to be associated with.
If you are sending electronic invoices, expect to get your money faster. There is usually a protocol for making payments and not getting the figure and writing a check. The buyer will have to validate the existence of the business sending the invoice, the number and vendor name as well as the fact that there was a business transaction between the two businesses. This could have been a lot of work were the companies to go through manual validation. After the invoice has been sent, the vendor will still have to place a phone call in order to confirm that it has been received. This is the process that takes a lot of money in the entire invoicing issue. You can do away with this process if you send electronic … Read More