Adopting modern technology drives productivity and supports sustainable business growth. Traditional paper-based invoicing is a manually intensive task fraught with human error, resulting in increased costs and processing. E-invoicing removes unnecessary data entry by sending and receiving invoices directly to software. However, it’s important to be aware of the potential challenges when onboarding new suppliers so that organisations can streamline the process and get maximum benefits sooner, according to MessageXchange.
E-invoicing gives buyers, suppliers, and managers strategic benefits by automating invoice processing and integrating other business systems. This results in business efficiency and revenue generating opportunities. E-invoicing removes unnecessary data entry and inaccuracies by ensuring organisations have the correct data in the first place.
John Delaney, managing director and co-founder, MessageXchange, said, “E-invoicing delivers significant business benefits; however, introducing it to new suppliers can be tricky. It’s important to have a streamlined and successful onboarding process for each supplier to avoid the risk of supplier dissatisfaction and non-compliance.”