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Electronic Invoicing

Electronic invoicing (also known as e-Invoicing, EIPP or electronic invoice presentment and payment) has a well documented history of achieving the lowest cost Accounts Payable (AP) transaction processing.

Justify Your Electronic Invoicing Investment

An e-invoicing strategy must address the complete set of needs and desired benefits for automating the end-to-end Finance process. A winning strategy should include the design of the optimal process, business case creation and securing the required investment, the selection and successful deployment of the appropriate technologies, supplier adoption of the buyer's requested changes to their order-to-cash process and the successful adoption of internal process changes.

Handling paper is expensive! The paper based process is messy, costly, error-prone, time consuming, suffers from a lack of visibility and presents challenges to integrity, as evidenced by controls violations, errors and the cost and complexity of auditing. E-invoicing addresses each of these problems, promising to:

• Streamline processes;
• Reduce costs;
• Eliminate errors;
• Reduce invoice processing time;
• Increase visibility;
• Strengthen internal controls; and
• Improve service levels

Click on the links below to learn more.

• White Paper: Electronic Invoicing
• White Paper: Enabling the Purchase-to-Pay Process Through Imaging and Workflow Automation, The Hackett Group
• White Paper: Automating the Invoice Process, The Hackett Group

e Invoicing | Electronic Invoicing | Electronic Invoices