In the business world, Electronic invoicing is all the hype today with increasingly more businesses reaping its benefits. This is easy to understand seeing that electronic invoicing can dramatically help to save a business time and money.
Some go so far as to compare electronic invoicing to email. This comparison is actually not too far off.
Think about your traditional paper invoice has being a letter or postcard.
You will have to mail it to your clients or suppliers. This process can take considerable time.
If you use an electronic invoicing service, your invoicing data is converted into a digital format and can be sent and received instantly.
The other major advantage of electronic invoicing is that all the data is kept and accessible at one central place. Before, you needed to transfer your invoicing data into your accounting computer system. Since the entire invoicing process happens digitally if you use electronic invoicing this is another step that will be saved. Moreover, not having to manually transfer your data from paper into your accounting system means much less potential for mistakes.
Electronic invoicing is not expensive.
It doesn’t require any type of investment nor any sort of special equipment. It is back-compatible with your traditional invoicing process which means that the switch to electronic invoicing can go smoothly without major changes required.
If you are owner of a small business you’re still doing invoicing the traditional way you should consider electronic invoicing. It can be just what you need to get your business up to new heights!