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White Paper: Basware
Electronic invoicing delivers efficiencies across the accounts receivable cycle: invoice creation, invoice delivery, dispute management, posting, and reporting and analytics.
Most importantly, reducing Days Sales Outstanding (DSO) with electronic invoicing enables businesses to reinvest more quickly to drive company growth.
This white paper details the inefficiencies of paper-based billing processes, and shows five ways that electronic invoicing accelerates the accounts receivable cycle, and, in turn, greatly reduces DSO.
Invoice preparation: With electronic invoicing, businesses can virtually eliminate the time required to prepare invoices.
Invoice presentment: Sending paper invoices internationally can add days or weeks to the invoice delivery process.
Dispute resolution: Resolving disputed invoices
Posting: Consolidating payments and remittance information received via various channels
Reporting and analytics: To manage all of their invoices from a single place for complete visibility and control across their accounts receivable processes
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