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E-invoicing: The Best Way to Succeed in a Competitive Environment

E-invoicing is used by trading partners to present and monitor transactional documents and ensure that the terms of the trading agreement are being met. In this context, trading partners include customers, suppliers and vendors. It provides customers with convenience, accuracy and speed when managing their order-to-cash process so businesses can increase the level of their customers’ satisfaction. If you have…

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invoice automation

EDI and Invoice Automation Solutions: Accelerating Payment Cycles

In today’s technology driven world, the expectations of vendors and customers are high. Strategic innovation and optimization of business processes are required to achieve future success. That’s why companies are faced with increasing pressures to accelerate payment cycles with EDI and invoice automation solutions. Most have already introduced ERP systems to automate their repetitive administrative tasks. Eighty percent are yet…

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E-Invoicing: Eliminating Paper in Procurement

Are you looking to improve sustainability in your procurement process? Reducing paper use is the easiest way to do it. It is a win-win situation for companies. Paper invoices do not only destroy trees, but also create problems in organizations by decreasing visibility. As a result, you experience inefficiencies and increased transactions costs. By eliminating paper in your procurement process…

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Advantages of Receiving and Sending E-invoices

Electronic invoicing also known as e-invoicing is a form of electronic billing. It is used by trading partners to present and monitor transactional documents and make sure that the terms of trading agreement are being met. An electronic invoice or e-invoices, on the other hand, is an invoice document shared between suppliers and buyers in an electronic format. It is…

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Mandatory and Universal e-Invoicing for Everyone

Worldwide adoption of e-Invoicing is a slow but sure progression. Most countries agree on the benefits it provides, which is to shorten the pay cycle. At the present, it takes approximately 55 days to receive and pay a paper invoice. By combining e-payment and e-invoicing, that period is shortened to just 10 days. In spite of these remarkable benefits, only…

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e-invoicing requirements

E-invoicing Requirements: Latin America Fights Tax Evasion

Organizations around the world need to be prepared for the increasing wave of visibility, which can be achieved through alignment with corporate strategies and compliance with e-invoicing requirements. Organizations with multi-national supply chain should realize the need for e-invoicing solutions that align with their global B2B strategies and comply with Latin America e-invoicing requirements. In the past few years, Latin…

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Supply chain fraud

Supply Chain Fraud Increases, Detection Becomes Crucial

Many businesses are vulnerable to supply chain fraud. They fail to recognize that it exists in most organizations; thus, they don’t appreciate the importance of detection and prevention. Only a few are deploying the kind of data analytics tools necessary to detect fraud or waste. Others do have the tools but are still learning how to use them. Some have…

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Paper-Invoicing

Paper Invoicing: Is e-Invoicing Fraud Enough Reason to Return to It?

According to BBC news, e-invoicing fraud is on the rise. Many fraudsters pose as company suppliers and send invoices as normal text or spreadsheet. When opened, the invoices contain malicious software that log financial data and steal funds. Should you return to paper invoicing? With many con artists seating in front of their laptops, this issue makes it uneasy for individuals…

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