Why is E-invoicing the main focus at present times?
According to the latest Billentis report, ‘the use of electronic invoicing is estimated to grow by 11% this year in the B2B2G area, and 7% in the B2C APAC market’. Various governments are well ahead on their journey with introducing e-Invoicing in their countries.
Given the growing popularity of E-Invoicing in today’s world, we have outlined some of the major benefits of using it in your business.
-Traditional invoice processing means spending endless hours on data validation, invoice matching, and invoice approvals. The month-end reports are a time-consuming project requiring a lot of human labor. This means there is a strong possibility of human error during the rush to complete them. E-invoicing is easier because automation performs repetitive tasks efficiently and accurately without any human labor needed.
-Switching to E-invoicing softwares just like Olabooks positively impacts business, including increased productivity and improved supplier relationships. E-invoices eliminates errors helping to boost the overall cash flow. Companies that pay on time or early enjoy the best discounts and service from suppliers and can even pass these advantages to their customers.
-View live delivery and processing status of documents on cloud-based platforms or directly from your Olabooks app.
Private companies are also quickly catching on to the advantages of e-invoicing. Being able to send and receive E-invoices shows your business is forward thinking and ready to work with all digital capabilities. So why wait now? take your business to the next level and switch to Olabooks.