Electronic Invoicing: Top 5 Ways to Get Paid Faster in 2017

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Electronic Invoicing: Top 5 Ways to Get Paid Faster in 2017

"Electronic Invoicing: Top 5 Ways to Get Paid Faster in 2017"

5 Ways Electronic Invoicing Helps Businesses Get Paid Faster

5 Ways Electronic Invoicing Helps Businesses Get Paid Faster

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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