E-Invoicing is to invoicing pretty much what e-mail is compared to postal mail. Simply spoken, it cannot only tremendously speed up your invoicing process but can also help you to save some money.
The name electronic invoicing might already hint about this, it means that your invoices are being converted into an electronic format.
This happens easily and quickly if you use a third party electronic invoice service.
What you do is that you send your PDF invoices to such a service. You don’t need to worry about anything else, the service will convert your invoice into an electronic format. Likewise, the service will dispatch the electronic invoice where you need it to go to.
For the business owner, one major advantage of electronic invoicing is that it is compatible with any existing invoicing process. The difference is that you will send your invoice by email, rather than mailing it out the old-fashioned way. It means also that you will not have too get any expensive equipment would need any special skills if you want to use e-invoice.
How does E-invoice help you save costs?
Many businesses spend considerable time on processing and managing their invoices. Depending on a company’s size, they may even operate a mailroom only for this purpose. Staff might be working long hours only to transfer data from their paperwork into their accounting systems. Last but not least there are additional expenses for postage.
As you can see, electronic invoicing can save you a lot of time and money.
