{"id":8206,"date":"2023-01-30T02:16:49","date_gmt":"2023-01-30T02:16:49","guid":{"rendered":"https:\/\/link4.co\/uae\/?p=8206"},"modified":"2023-09-19T15:55:11","modified_gmt":"2023-09-19T06:25:11","slug":"can-einvoicing-benefit-your-business","status":"publish","type":"post","link":"https:\/\/link4.co\/uae\/blog\/can-einvoicing-benefit-your-business\/","title":{"rendered":"Can eInvoicing Benefit Your Business?"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

Yes.<\/p>\n\n\n\n

Are you leading a large-scale or a home-based business? Perhaps you work in Finance? Maybe you are a supplier? If you said yes to any of the above, then invoicing is no foreign concept to you. But, how much do you really know about eInvoicing? Is eInvoicing the ultimate solution for all invoicing problems?<\/p>\n\n\n\n

To cut a long story short \u2013 eInvoicing offers simplified and modern solutions to the countless drawbacks traditional invoicing poses, while also creating value for any entity that adopts it.<\/p>\n\n\n\n

What does eInvoicing do?<\/strong><\/h4>\n\n\n\n

It enables invoices to be transmitted electronically (not via emails or using PDF invoices) between an organisation and its trading partner\u2019s (supplier\/customer) Accounting software using a standardised framework.<\/p>\n\n\n\n

In Australia, this framework is called the \u2018Peppol\u2019 network and it\u2019s an internationally-approved standard.<\/p>\n\n\n\n

What can eInvoicing offer YOUR business? Here are its advantages.<\/strong><\/h4>\n\n\n\n
    \n
  • Instant delivery<\/strong><\/li>\n<\/ul>\n\n\n\n

    Say goodbye to sending invoices using snail mail, PDFs or emails and get on board with swift invoice exchange. Eliminate every form of delay and start getting used to prompt and streamlined processes.<\/p>\n\n\n\n

      \n
    • Safe invoice delivery<\/strong><\/li>\n<\/ul>\n\n\n\n

      Many businesses \u2013 especially SMEs \u2013 end up losing upsetting amounts thanks to the unhealthy increase in invoice scams (Payment Redirection Scams).<\/p>\n\n\n\n

      eInvoicing can significantly lower this risk, by transmitting the invoices through a safe network (Peppol). It helps that Accounting systems also have their own security layers to safeguard your valuable details further.<\/p>\n\n\n\n

        \n
      • Minimise invoice errors<\/strong><\/li>\n<\/ul>\n\n\n\n

        Traditional invoicing involves a lot of manual processes, making it vulnerable to more human errors \u2013 such as adding incorrect information when entering data manually or sending duplicated invoices.<\/p>\n\n\n\n

        Unsurprisingly, these affect the overall financial operation of a business and can lead to payment inefficiencies. If you are experiencing a strained partnership with your trading partners, this could be a contributory factor.  <\/p>\n\n\n\n

          \n
        • Faster payments<\/strong><\/li>\n<\/ul>\n\n\n\n

          No matter what precautions you take, traditional invoicing can still lead to late payments. This can impact suppliers more than the rest.  <\/p>\n\n\n\n

          Streamlining invoicing helps make faster payments. The Australian Government has even issued a 5-Day Payment Policy to ensure that on-time payments are made to government suppliers \u2013 this has helped eInvoicing gain more traction recently.<\/p>\n\n\n\n

            \n
          • Easy traceability<\/strong><\/li>\n<\/ul>\n\n\n\n

            From the moment an eInvoice is created to it being delivered, you can easily track its progress from anywhere and at any time. It eliminates the burden of constantly calling your customers to confirm if the invoice was delivered.<\/p>\n\n\n\n

              \n
            • Reduce costs<\/strong><\/li>\n<\/ul>\n\n\n\n

              One of the most irritating aspects of traditional invoicing is the unnecessary cost it entails. Let\u2019s look at the numbers:<\/p>\n\n\n\n

              \u2013 Email and PDF invoices cost about $28 per invoice to be processed.<\/p>\n\n\n\n

              \u2013 An eInvoice costs only $9.<\/p>\n\n\n\n

              Do the math for your business \u2013 how does that look? Definitely eInvoicing is going to be the more cost-efficient choice.<\/p>\n\n\n\n

                \n
              • Save time<\/strong><\/li>\n<\/ul>\n\n\n\n

                If you calculate the average time traditional invoicing can consume, the results can lead to frustration. Manual processes and rectifying errors take so much of unnecessary time, but eInvoicing is all about efficiency. It not only increases your productivity but also your cash inflow \u2013 after all time is money!<\/p>\n\n\n\n

                That\u2019s not all, with a leading ATO accredited Service Provider like Link4, you can sign up for free and start experiencing the benefits of eInvoicing instantly!<\/p>\n","protected":false},"excerpt":{"rendered":"

                Yes. Are you leading a large-scale or a home-based business? Perhaps you work in Finance? Maybe you are a supplier? If you said yes to any of the above, then invoicing is no foreign concept to you. 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