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Savings from E-Invoicing this Holiday Season

 
E-invoicing

The holiday season is a crucial time for cash flow. While small businesses may enjoy increased sales, it also means increased costs on staffs and materials. It is also the time of the year when payments should not be delayed. There are bonuses to pay and deliveries to be made. It also means parties – meaning more time out of the office and less time to keep on top of admin and finances. Everyone in the financial supply chain feels pressure during this time of the year. Thus, it is important to keep the cash flow healthy to ensure the holiday brings good tidings.

You can keep the cash flow healthy this holiday season by building alignment and automating your invoices and operations. E-invoicing matches your invoices to product receipts, purchase orders and contract rate tables. It also automatically verifies that the goods have been delivered and have been billed appropriately, ensuing automatic approval of payment. Otherwise, it can be bounced back for correction, validation and resubmission.

Instead of manually processing 100 percent of invoices, e-invoicing automatically filters erroneous invoices, sends them back, and requests for resubmission. The key is picking the right technology that automates, improves and fail-safes the process to promote first-pass match and on-time payment. The right technology ensures that things run smoothly on time. Delayed invoices means delayed payment; thus, e-invoicing becomes a promising solution.

The holiday season means the lack of admin. The financial supply chain can feel the purse strings tightening during this time. Thus, it is important to keep the cash flowing healthily around this busy period. You can create budgets or set targets to prepare and maintain your cash flow forecast, monitor your budget, collect invoices, and build relationships with your clients and suppliers. E-invoicing makes managing cash flow easier, especially with the deficiency of admin throughout the break. Automating your invoices can save a lot of time and ensures that nothing gets lost. If you have not signed to an e-invoicing program, it is worth investing. It gets you in a strong position to perform well despite the pressures of the holiday period, into the New Year and beyond.

E-invoicing makes managing cash flow easier, especially with the deficiency of admin throughout the break. Automating your invoices can save a lot of time and ensures that nothing gets lost. If you have not signed to an e-invoicing program, it is worth investing. It gets you in a strong position to perform well despite the pressures of the holiday period, into the New Year and beyond.

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Charlie Alsmiller

Throughout his career, Charlie Alsmiller has focused on customer problems in difficult industries such as Energy and Telecommunications. Prior to starting Appterra in 2005, Alsmiller was VP of Global Operations for Allegro Development, a leading provider of software for the energy sector. He has also served as president of OmniSpace Technologies, a leading SaaS provider that he founded in 1999. He spent over 10 years in the consulting world with Price Waterhouse and Deloitte Consulting, where he participated in a wide variety of projects for very high profile clients. Mr. Alsmiller holds a BBA from Baylor University in Management and Information Systems and a MBA from the University of Dallas in International Business. Specialties: Technology ventures, Enterprise Software, Contract Negotiation, International Operations, Private Equity, Product Management, Strategic Alliances, Software Implementation, Software Development

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