e-Invoicing is critical for business viability according to the new Billentis Report sponsored by Celtrino
New Billentis e-Invoicing/e-Billing Report identifies savings of up to 80% for companies that switch from a traditional paper based system to an automated electronic system.
This report illustrates how e-invoicing allows a company to optimise its’ finances and stand out from the competition.
What you will learn from reading the report:
- How to improve invoice management in the supply chain
- The business case for invoice sender and receiver
- The cost reductions for both sender and receiver
- Success factors for e-Invoicing/e-Billing projects
- An analysis of today’s e-Invoicing/e-Billing market
Download the Billentis Report now to see why e-Invoicing/e-Billing is a must have solution!
Posted on
May 13, 2013 in
B2G e-invoicing, Business Process Automation, Business Process Outsourcing, e-Commerce, e-Invoicing, eBilling, Report
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If you have automated your invoice processes and eliminated the paper trail from your business then you are and well done! By switching from a manual paper-based system to an electronic delivery system, you are not only saving money and gaining a competitive edge in your industry but you are also lowering your carbon footprint and helping the environment.
The main issue with cash-flow is that every company is trying to do the same thing and not everyone can succeed. Companies try and get their receivables in as fast as possible while also delaying their payables in order to keep as much cash on their books. Somebody loses out in the end and it’s usually the company that has not prioritised cash-flow management.
Late payments to SMEs threaten their existence as cash-flow is an imperative to their survival. Small firms find themselves at the mercy of large companies who are increasing the time-frame in which they pay suppliers for work that is already completed. It is estimated by the Telegraph that £36.5 billion is due in late payments.