The ultimate elimination of paper

Published on: 25/06/08 in: General EIPP, Supplier Adoption

Charlie Walker of Procurement Alert has recently blogged on e-invoicing in his article “Collect more, by taking less cash.” Looking at ways in which AR departments can modify existing processes to collect cash quicker, he says:

“E-invoicing - The ultimate elimination of paper when it comes to billing customers. It started slowly, but momentum is starting to build. It’s a situation where success breeds success. More companies e-invoice customers; more customer become accustomed to it. Creditors and customers then both realize how much money and time can be saved by taking the invoice function on line.”

Charlie, is absolutely right. For example, our trading network is expanding daily, making it easier and easier for companies to make the switch to e-invoicing. Companies are much more likely to embrace e-invoicing if they know that their customers are already accustomed to receiving invoices electronically. Also, e-invoicing enables suppliers to save 82% per invoice on delivery costs. Other benefits include eliminating copy invoice requests, manual-error reduction and reduced days sales outstanding.

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The ultimate elimination of paper