Both accounts payable and accounts receivable realise big benefits from e-invoicing and business networks. In a purchase-to-pay climate where new opportunities and real-time information are becoming commonplace, it’s important to consider the relationship you have with your partners and if you have the right supplier collaboration tools in place. Here’s what e-invoicing and business networks can do for your organisation:
Benefits for Accounts Payable:
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Efficiency through automation
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Reduced paper consumption
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Saved time
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Reduced handling costs
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Increased invoice quality
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Early pay discount programs
Benefits for Accounts Receivable:
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Decreased manual processes
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Reduced paper consumption
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Quicker cash flow
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Increased visibility and control
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Global VAT/tax compliance
Read our eBook to learn more about how e-invoicing and joining a business network can help your company while also benefiting your suppliers and improving relations.