E-invoicing empowers an organization to automate the invoice processing. Along with the cost savings, the automated invoicing helps the organization to fasten the process of purchasing and integrate the same with other different business functions. Hence, the revenue generation, productivity and business efficiency of the company improve at the fullest.
If you are considering switching from traditional pen and paper invoicing to electronic invoicing, then in this blog we have come up with couple of benefits that Procure Avenue provides with our automated software to smoothen your supplier payments.
Our software ensures that the transaction is executed with utmost effectiveness and with complete authenticity. Once, the transaction gets completed the supplier automatically receives the system generated receipt or the invoice for the transaction. Thus, the complete transparency between the both parties are ensured and maintained.
Our software includes the necessary items such as name, address, VAT number, and amount etc. of the involved parties. Also, it further mentions the transaction date, description of service or goods availed, identification number etc. in the automated manner. Hence, the software incorporates all the necessary items in the invoice produced. Besides, our procurement solutions are compatible with all kind of formats. Not only that, but our software can easily integrate with the existing computer system, too.
Our software generates the invoice in the easy to read pdf format. Addition to the same, we also use the latest technology to produce highly efficient results such as incorporation of electronic data interchange or electronic signature. Thus, the invoicing becomes seamless and effortless for all the involved parties.
The electronic version of our invoicing software will help your organization to save time, cost, money, resources, space and what not. With digitalization, the data security gets maximized and the user can have an immediate access to all the necessary information. It can provide a competitive edge to your company and can boost the efficiency to a greater extent. The entire material procurement process becomes streamlined and the audit becomes easier, too.
Procure avenue’s digital invoicing solutions have a great ability to carry out the most complex business analytics for your company and provide you the results in the simplified formats. For instance, the software will assist you to let you know about the individual supplier performance. Also, you can track the business revenue and profits that are coming from the vendors. Such insights will help your organization to take the future strategic decisions. You can even carry out the complex evaluations such as trend analysis and transaction level details etc.
As a company you are having certain profit goals to accomplish, so it is important for you to focus on such important aspect of the profit such as invoicing. Procure Avenue’s software offers the above mentioned 5 strong points that give you a peace of mind, ensured results and can make you focus more on your goals.