E-invoicing: Ready for Prime Time

Source: Quocirca Ltd

Document Type: White Paper

Description:

Of the 30 billion invoices sent and received in Europe every year, more than 90% are in paper format. This is not only labour intensive and error prone, but comes at both a financial and environmental cost. Such manual operations slow invoice reconciliation, leading to poor relationships with suppliers and buyers and, potentially, poor cash flow management. This paper discusses the challenges posed by inefficient manual invoice processes, the need for e-invoicing, and how an organization can focus on its core business by handing over invoice processing to a managed service provider.

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Related Topics: Accounting and Financial Management, Purchasing, Asset Management, Computerized Maintenance Management System (CMMS), Customer Relationship Management (CRM), Channel Management, E-commerce, E-procurement and Requisitioning, Electronic Bill Presentment and Payment (EBPP), Electronic Marketplace, Supply Chain Management (SCM), International Trade Logistics (ITL), Order Management

Related Keywords: Systems Management, IT Infrastructure, Outsourcing, Procurement, Managed Service Provider, Finance Department

Source: Quocirca Ltd

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E-invoicing: Ready for Prime Time

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