Supplier Benefits
E-invoicing enables Suppliers to save 82% per invoice on delivery costs, eliminate copy invoice requests and speed up payment collections.
General Benefits
- Time and Cost Savings
- Eliminates the labour, material and posting costs associated with traditional paper-based invoicing. You waste less time on repetitive manual tasks, leaving more resources available for cash generating activities.
- Error Reduction
- All e-documents are presented, managed and archived online, which eliminates problems surrounding late or lost documents. Document duplication, such as copy invoices, is no longer required.
- Quicker Settlement
- Automatically tracking and chasing debtors will enable tighter financial control. Online dispute resolution, approval and payment lead to a quicker more efficient settlement process.
- Improved Visibility
- Rapid, 24/7 online access to all current and archived e-documents lets you make more accurate cashflow forecasts and planning decisions. It also leads to a more efficient and faster audit process. Workflow, reporting and powerful notification functions further maximise control and streamline the accounts receivables process.
What Suppliers Using Accountis Say:
- "As a frequent supplier to the NHS we welcome this move to e-invoicing. With Accountis we now enjoy a faster, more efficient purchasing process that saves us time and money."
Hughes Meats Read Case Study
Cost Benefits
- Invoice Delivery
- Forrester Research estimates that the variable paper and delivery cost of a traditional invoice is €1.89 and that of an electronic delivered invoice is €0.34. This represents a huge saving of 82% per invoice.
- Deflected Customer Service Calls
- Forrester Research has found that call volumes from EIPP adopters are 10% lower than from non-EIPP adopters.
- Reprint Requests
- Researchers from Giga Information Group found 8% of all invoices are followed by a demand from customers for a repeated invoice. EIPP removes the need for reprinted invoices as duplicate copies can be downloaded by customers on demand.
- Improved AR Efficiencies
- The Hackett Group estimate that EIPP improves the efficiency of account receivable processing by 33%.
- Releasing Working Capital
- Electronic Payments Association, estimate that Days Sales Outstanding can be reduced by 4 days in the year following EIPP implementation.
Download our Cost Benefits datasheet for further analysis
