E invoicing

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    e-Invoicing

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    e-Invoicing is the efficient way of the Future!

    e-Invoice is defined as a fully automated and integrated electronic invoicing solution.

    Just 22% of companies use e-invoicing and only 5% of invoices arecurrently sent electronically!

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    Both Europe and the US sends 40-60% of e-invoices to reduce administration costs which leads to the total saving of $8.15 per invoice.

    The latest stats on receiving e-invoices includes the savings of 70-90% occurs with an average savings of $15.00 per invoice.

    The adoption of e-invoicing increases 30% year-on-year and in some markets closer to 50%. The Financial Services Center in Austin, Texas processes more than $13 billion in invoices

    annually. Currently about only 40 percent of federal invoices are processed through electronic systems.

    With e-Invoicing, produce cost savings in AR in the range of 40-60% and in AP, up to 90 percent.

    Latest stats and figures:

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    e-Invoicing Challenges!

    People are used to the processing of paper billing. As it is easily understandable and free from any hassles except misplacing a check or invoice.

    Make payments via mobile or online can wary of credit cards and security issues arises.

    The businesses concerned to paperless billing lose out on profits from consumers and suppliers.

    Dont ignore the financial cost of sending, processing, receiving and managing of paper-based expenses.

    Reduction in high number of discrepancies and exceptions

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    Contd

    Improve operational efficiencies and corporate finances. Lets assume an example: Incorrect information on invoices can cause the payment delays of 25.7% in the Asia Pacific region & 27.35% in America.

    Invoice data validation is required. As invoice sent to the wrong person can cause further delays of 19.2% in the Asia Pacific region and 21.4% delays in America.

    Also, with the automated system, you can immediately save time and labor cost processing charge.

    Inefficient matching process: With the processing of e-invoice can cut the costs and also time has taken down as compared to manual processes.

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    Solutions:Complete B2B Communication

    Manage invoices, purchase orders and expenses with ease. Send out all documents in a timely manner. Send and receive purchase orders and convert them into

    invoices. Manage buyers and vendors in a single place. Receive invoices and estimates from your vendors

    Integrate with Legacy Software

    Simplified integration with existing CRM and ERP tools. API integration to integrate with 3rd party tools and eCommerce

    integrations.

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    Contd...

    Better Productivity of Business Units

    In case of multiple lines of businesses, tracking time and managing productivity can be quite a challenge.

    Track time and delegate tasks for all your businesses from a single dashboard.

    Bespoke Solutions For Your Business

    Customize your invoice templates according to business requirements.

    Client data management, storage and security.

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    Contd...

    Simplified Staff Management

    Assign clients, sections and define roles for staff members. Control staff activity with permissions related to tasks and

    accessibility. New staff members can be added and their hourly rate can be set. Add the billable time of staff members to project invoices.

    Manage Your Subscription Business

    Subscription billing helps in sending bills to customers on a periodic basis, improving productivity of the invoicing process.

    This helps in retaining long term clients.

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