Much of the debate on E-Invoicing has been about the obvious efficiency savings to be gained by automated electronic processes compared with manual paper based processes. Whilst E-Invoicing is a compelling proposition on its own - there are several levels
of significant additional benefits that are there to be realized once an E-Invoicing service is in place.
The higher-order advantages of E-Invoicing are related to managing finance and as such should form part of a corporates operational finance procedures for managing working capital.
The main reasons why E-Invoicing enables corporates to better manage their working capital are: -
Increasingly E-Invoicing is seen as an essential tool and a pre-requisite for effective working capital management.
E-Invoicing and financing are becoming more integrated than ever before.
© Finextra Research 2016