Why should you switch to e invoicing now
- 1. WHY SHOULD YOU SWITCH TO E-INVOICING NOW Presented by Srini Raja Director TPSynery.com 512 827 7407
- 2. WHY SHOULD YOU SWITCH TO E-INVOICING NOW Receiving Invoices by Email , Fax or Mail and entering them manually into your system is an unproductive use of your Accounts Payable resources. Automate your Invoicing process. Suppliers should be able to send their invoices in electronic format like EDI messages and it should get automatically processed in your Accounts Payable (AP) system.
- 3. WHY SHOULD YOU SWITCH TO E-INVOICING NOW The benefits of such automation are huge. Consider some of the benefits below • Automated Invoice Validation :- System checks that the invoices are matched to the right Purchase order and Receipt • No Data Entry Errors :- When an Invoice is received in PDF format and is re- entered into the system, it will lead to human errors. • Vendor Self Service :- AP department spends considerable time of their day in answering phone and emails from suppliers regarding payment status. This can be totally avoided by E-Invoicing.
- 4. WHY SHOULD YOU SWITCH TO E-INVOICING NOW Correct Liability Accounting :- A manual invoice takes longer time to get captured in the system and create the liability accounting. With E-Invoicing , invoices are created in your system with in few minutes of Supplier creating the invoice in their system. So liability is captured correctly. Early Payment Discounts :- Early payment discounts are possible only if the invoices are received and processed early. E-invoicing enables your company to get early payment discounts. E-Invoicing does not take lot of money and time to implement.
- 5. WHY SHOULD YOU SWITCH TO E-INVOICING NOW With the cloud technology from TPSynergy, you can implement E-invoicing within two weeks. Also, even very small suppliers will be able to send you invoices electronically using TPSynergy Integrated Supply Chain platform. Act now, talk to us at TPSynergy E-Invoicing (http://www.tpsynergy.com/supplychainproducts.php ) to see how we can implement E-Invoicing for you.