Cue e-invoicing. Although not a new technology, e-invoicing experienced exponential growth during the Covid-19 pandemic as the demand for contactless payment methods surged. The global e-invoicing market reached a value of US$ 8.74 Billion in 2021 and still continues to grow.
In this blog article, we will present some ideas about why albania telemarketing you can’t afford not to switch to this method. We want to take you through the key benefits of e-invoicing for your SaaS business to show you the many ways in which it will make your life easier!
What is E-Invoicing?
Electronic invoicing refers to creating electronic bills through a digital platform to exchange goods and services. Essentially, it creates a sales agreement between you and your customers. An invoice is submitted as proof of products or services sold, then submitted to receive payment. Both suppliers and buyers can manage this invoicing data on an integrated, central cloud-based platform.
1. Saves You Time and Money
As the saying goes, time is money, and with automated invoicing, you’ll be able to save on both. Incredibly, processing electronic invoices have been proven to reduce processing cycle time by 65%. There is also increased efficiency, less repetition and duplication of tasks, and fewer human errors. What’s not to love here?
With the e-invoicing system, organizations can receive invoices from their suppliers in any format. Electronic invoicing provides a single platform for managing information about accounts payable, as well as other financial processes. Your employees assigned to managing invoicing before e-invoicing are freed up and can be given other tasks, increasing productivity business-wide. Additionally, invoicing tasks can be automated with dedicated software, also allowing you to spend your time on other tasks that will benefit your business and allow for growth and better margins.
