How to start E-invoicing and avoid paper invoicing

Receiving Invoices by Email , Fax or Mail and entering them manually into your system is an unproductive use of your Accounts Payable resources.

Automate your Invoicing process. Suppliers should be able to send their invoices in electronic format like EDI messages and it should get automatically processed in your Accounts Payable (AP) system.

The benefits of such automation are huge. Consider some of the benefits below

Automated Invoice Validation :- System checks that the invoices are matched to the right Purchase order and Receipt

No Data Entry Errors :-  When an Invoice  is received in PDF format and is re-entered into the system, it will lead to human errors.

Vendor Self Service :-  AP department spends considerable time of their day in answering phone and emails from suppliers regarding payment status. This can be totally avoided by E-Invoicing.

Correct Liability Accounting :- A manual invoice takes longer time to get captured in the system and create the liability accounting. With E-Invoicing , invoices are created in your system with in few minutes of Supplier creating the invoice in their system. So liability is captured correctly.

Early Payment Discounts :-  Early payment discounts are possible only if the invoices are received and processed early. E-invoicing enables your company to get early payment discounts.

E-Invoicing does not take lot of money and time to implement. 

With the cloud technology from TPSynergy, you can implement E-invoicing within two weeks. 

Also, even very small suppliers will be able to send you invoices electronically using TPSynergy Integrated Supply Chain platform.

Check the Case Study on E-invoicing to see how it can reduce paper work and  improve faster processing of payments