For savvy businesses, automated technology has removed much of the burden associated with billing and accounting processes. For many of these organizations, paper-based invoices submitted by vendors can inhibit their progress toward realizing all the benefits of a completely digital accounting system. Vendors should be eager to move toward electronic invoices, because printing and mailing paper documents is needlessly expensive. The vendor incurs cost for not only printing the invoice, but also the related staff resources and postage fees needed for handling the paper. As a result, vendors pay more per invoice than necessary to mail them. Electronic submission avoids all these costs, because the invoice never needs to touch paper. Vendors now have a new option for sending and tracking customer invoices.
This article discusses several ways in which you can help your vendors automate their billing and accounting processes.
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