A considerable proportion of any business’s cashflow is tied up in the late payment of invoices.
So, why are invoices paid late? Over 50% of businesses experiencing delayed payments have identified invoicing inaccuracies and complexities as being responsible for delays.
As a result, more and more businesses are investing in e-invoicing and e-billing to reduce costs and improve their cashflow
What are the benefits for finance professionals?
- Improved accuracy: Data driven invoices remove risk of human error
- Reduced overheads: No need to maintain equipment or use print and post services
- Faster payments: Lower days sales outstanding (DSO)
- Competitive edge: Cut time spent on chasing outstanding invoices
Download this infographic to identify the problems within business invoicing and learn how you can maintain a healthier cashflow. |
