5 Things to Consider When Selecting e-Invoicing Software

e-Invoicing software is key at helping organizations jump from paper based to electronic invoices.There are still many companies using paper-based invoices, but e-invoicing is growing at approximately 20% a year. The change is happening for many different reasons. In some cases, rules in countries, especially developing countries, where they are enforcing the use of e-invoicing. This is often being done for tax compliance reasons. There are many benefits for organizations to use e-invoicing software to make the change including reducing costs, improving productivity, getting paid faster, and many more things. Making a switch to e-invoicing software is an important decision for an organization. Here are a few things that organizations should consider when selecting e-invoicing software.
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modernizing accounts receivable

Things To Consider When Modernizing Accounts Receivable

Modernizing accounts receivable is often low hanging fruit for medium sized B2B organizations. We have written recently on the Future of AP Software, but there are also significant improvements available through modernization of account receivable. A study from Altradius found that the average credit terms in North America was 27 days but average payment duration was 61 days. That is a large gap and can be very problematic for an AR Department. Many B2B organizations still have antiquated AR processes which is not helping their customers pay them on time. Modernization of accounts receivable makes things easier for customer and also reduces manual effort. Here are the main components in modernizing accounts receivable.
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