Benefits of e-invoicing

The capability to overcome your AP/AR challenges

Electronic invoicing vs paper based processes

Centralisation and automation of AP processes can significantly improve transparency, PO matching, cash management and forecasting. E-invoicing also enables real-time visibility of inbound invoices. 

E-invoicing offers efficient tools and features for small suppliers and these solutions provide a vehicle for standardisation of invoice processing.

E-invoicing provides data validation and invoice rejection at an earlier stage helping to eliminate invoice exceptions and reduce follow-up costs.

AP automation and e-invoicing accelerates invoice processing and approval time, and enables pre-requisites to exploit the potential from offering discounts.

E-invoicing provides guaranteed data accuracy, ensures country compliance standards are adhered to in real-time, and eliminates exception handling.

Automating AP processes means customers can look after themselves and updated their master data. A combination of alerts and self-service gives customers the ability to update information when required or following a particular incident. An automated workflow triggers requests for information or additional validation.

E-invoicing as part of a process automation journey reduces costs and improves management of working capital. The sooner invoice data is validated, the sooner invoices are sent, received and paid. E-invoicing promotes real-time data validation.

Increase the amount of PO based invoices and reject invoices that don't match the PO. You can provide POs in an electronic format or as a structured data file. The supplier can then flip the PO straight into an invoice. This completes an electronic loop for orders and invoices which benefits both suppliers and buyers. 

The centralisation and automation of AR processes can significantly improve the chances of optimised cash management and forecasting. E-invoicing supports automated payment reconciliation closing the electronic loop from invoice to payment.

50% of calls to customer service centres at companies with large volumes of invoices are from customers requesting invoice status or with invoice-related questions. Electronic bills and invoices mean customers take care of themselves.

The sooner an incorrect invoice is flagged, the sooner it can be corrected and the sooner payment is made. E-invoicing provides real-time data validation so both trading parties can work efficiently.

Calculate your saving potential on sent invoices

See how much you can save by sending invoices electronically

Select number of invoices issued per year:

You must enter a value between 100 and 10000
Print, envelope, send Payment reminders Remittance & cash management Archiving Full costs
Paper
Electronic (automated)
Total potential savings

Source: We use data from the E-Invoicing/E-Billing report by Billentis, which is based on actual customer cases. Download a free copy of the Billentis report here.

 

Calculate your saving potential on invoices received

See how much you can save by receiving invoices electronically

Select number of invoices received per year:

You must enter a value between 10000 and 1000000
Receive Enter codification Validate & matching Dispute management Payment & cash management Archiving Full costs
Paper
Electronic (automated)
Total potential savings

Source: We use data from the E-Invoicing/E-Billing report by Billentis, which is based on actual customer cases. Download a free copy of the Billentis report here.

Improving Internal processes with e-invoicing

Increase transparency for inbound invoices

E-invoicing enables a central outbound and inbound gateway, aggregating all invoices, improving transparency for finance teams.

SHIFT FIXED COSTS TOWARDS VARIABLE COSTS

Many businesses find moving from in-house, fixed cost models to Software as a Service (SaaS), white label or network services enabling agile business operations.

STAY TAX COMPLIANT AND IMPROVE CUSTOMER RELATIONSHIPS

E-invoicing helps businesses to stay tax compliant by providing guaranteed data accuracy.

SPEED UP PROCURE-TO-PAY CYCLE

E-invoicing, automated workflow and archiving solutions enable real-time monitoring of the invoice process helping businesses maximise working capital.

Realise the potential

How Tungsten customers experience the value of e-invoicing

Reduce environmental impact and paper costs

Consider the amount of paper wasted on the invoice process: the invoice itself, the envelopes, stamps, and any documentation. Multiply this by day, month, year and you see the size of your paper mountain.

To find out what this really means, use the calculator below to see how you can make a positive impact on the environment by switching to e-invoicing with Tungsten.

Number of invoices you receive each year

 

Ready to go electronic?

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