![]() ![]() By using e-invoicing, you can partake of the benefits of real-time customer interaction. Not to mention it takes less time and the invoices are accessible from anywhere.Īspects of invoicing can be processed in as little as a few hours to a day, depending on your company’s size and production. Electronically billing your clients also reduces your reliance on paper documents. Invoicing electronically helps you manage this fluctuation in funds. Your cash flow fluctuates – sometimes on an hourly basis. If you base your business decisions on that report you just ran, things could get ugly – and fast. What you thought was a surplus of about $15,000 just became a negative of about $3,000. But what you didn’t know is four transactions just occurred on behalf of your business that hasn’t been entered into your system yet. You’ve been there: you just ran a cash flow report using your desktop accounting software. In fact, even if your terms state Due Upon Receipt, it doesn’t mean the payment is on its way. Late payments for goods or services you’ve provided probably occur more than you’d like to admit. Regardless of your payment terms, you hope your client pays right away. ![]() When you invoice your clients, it’s an unspoken expectation that they pay and within a certain amount of time. Saving time on manually creating invoices.Getting insights on managing your cash flow.Switching to electronic invoices has many benefits such as: When you can leverage the benefits of instant sales, you’re happy and so are your clients. With Canadian self-employment higher than it’s ever been, many of your reps might already work remotely. In fact, many companies consider this standard practice today. ![]() It can be done by accessing your invoicing application from your smartphone.Īccording to the GlobalStats StatCounter, an online stat counter, as of 2016, mobile access of the internet exceeded desktop for the first time. Mobile invoicing apps make billing your clients even easier–say you or your representative is in the field and ready to make a sale. Options for invoicing from the cloud have even made their way onto your mobile devices. You can build a strong reputation for your company, its partners, and your clients. When you can address issues concerning payments urgently, it works in your favour. With cloud computing, real-time data is instantly available, which means you can take action immediately if necessary. So much of the data you work with every day is pivotal – including your cash flow. With so many systems already operating in the cloud, invoicing is sure to follow suit. Cloud computing is nearly a household term and, as more and more accounting activities find a home in the cloud, more real-time insights and statistics become available. The future isn’t coming – the future is here. With APRO E-Invoicing Outbound sending out invoices becomes fast, fun and flexible.What happens when you have a power surge and all your computer hardware at the office fries? That doesn’t happen because you have surge protectors, right? What about fire or flood? There’s no protection for that – and if you save your company data on your hard drive, or worse – it’s on paper – well. Because if you choose an e-invoicing solution (aka invoice presentment or electronic billing) that doesn’t properly integrate with your Oracle Financials, you won’t be able to enjoy all these advantages nor meet the requirements for customer invoices.ĪPRO E-Invoicing Outbound has a standard integration with Oracle Financials and uses Oracle AR to streamline and automate the entire process, from creating a transaction to sending out the final e-invoice in the desired format, such as UBL2.1 and Peppol BIS Billing v 3. Sounds perfect, doesn’t it? Well… Not quite. Installing an e-invoicing system could be the answer, since it’s environmentally sustainable (reducing your carbon footprint and your guilt), it’s relatively cheap and in many countries, the rules and regulations surrounding it are pretty lenient. It’s time consuming, very labor-intensive and prone to human error. Of course, sending out invoices is fun, but streamlining and monitoring the accompanying workflows is not. Being the successful company that you are, you send out high volumes of invoices every month. ![]()
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