1、The Executives Guide to Electronic InvoicingUnderstand how transitioning from traditional paper-based invoicing to e-invoicing can help your business.The Executives Guide to Electronic Invoicing2Table of ContentsINTRODUCTIONInvoicing:the black hole of collections 3SECTION 1The late payments landscap

2、e 4SECTION 2The problems with manual invoicing 6SECTION 3The fundamentals of e-invoicing 8SECTION 4The benefits of e-invoicing 10SECTION 5Real-world e-invoicing success stories 13SECTION 6An electronic invoicing platform checklist 15 The Executives Guide to Electronic Invoicing3Invoicing:the black h

3、ole of collectionsThe world of business and commerce has been transformed over the past decades by digitalization,automation,and the Internet.Yet theres one area where it seems many organizations havent kept paceto their detriment.After contracts have been signed,P.O.s have been cut,Zoom calls and e

4、mails exchanged,the work done and products or services delivered,theres still a black hole of uncertainty that remains:The ambiguities involved in getting paid stemming from traditional invoicing processes.In manually driven billing and remittance processes,invoices may be sent in a timely way,may b

5、e accurate,and may fit the customers payment protocols.But when snail mail or email are used in billing,a black hole arises to gobble your revenues.Questions such as the following abound:Has the invoice actually been received?Whats its approval and payment status?Is the invoice in dispute,or has it

6、simply vanished into a corporate lost-and-found of archivedor deletedemails or paperwork?Companies are turning to electronic invoicing to add certainty to the payment process and overcome these problems.But when investing in an e-invoicing solution,whether for the first time or to replace existing s