The general advantages of e-invoicing are now well known: receiving and processing invoices is much more efficient, faster and cost-effective. But there are many more benefits that e-invoicing can bring to your business.
Looking at all the specific benefits, we quickly see the impact of e-invoicing and what it can do for your administration.
Less paper, more time for you
First of all, much less paperwork is needed. Eliminating paper invoices not only reduces the amount of paperwork you have to deal with, it also makes the whole process smoother. Automation is built into e-invoicing processes, so less manual intervention is required.
People make mistakes
Manual processing of paper or PDF invoices is more likely to result in errors. One incorrectly spelled number or one line of the invoice omitted. E-invoicing processes prevent writing or reading errors, misinterpretations and significantly reduce errors.
Faster payments
Electronic invoicing is more accurate and requires fewer processing steps. This reduces the risk of errors. It also means that the administrative process is much more efficient. In particular, data analysis on our own Banqup e-invoicing platform shows that invoice payments are made up to 7 days faster.
If you add a payment button to the process, a handy feature unique to e-invoicing, you'll see that many invoices are paid on the day they are received. Even if they aren't paid immediately, e-invoicing gives you a clear view of who opened the invoice.
All these advantages mean that electronic invoicing is becoming increasingly popular, while the old-fashioned paper invoice is slowly but surely declining. Convinced?
Want to know how you can optimize your e-invoicing with Banqup? Read all about it on our website! Contact us to discuss a Banqup solution for your business.
2.jpg)
.jpg)
