Sample Invoice Letter Word The second major reason for deciding to move to help e-invoicing, as reported by Pay Stream’s survey respondents, is to get rid of paper from the AP office. Processing paper invoices personally is labour intensive as well as expensive, and as well as decreasing the physical amount of document in the office – and tremendously improving a business’s eco-friendly footprint – adopting the e-invoicing solution also helps reduce the cost of invoice processing substantially.
Sample Invoice Letter Word A typical purchase to pay method (P2P) involves the AP department in dealing with a host of important documents – purchase requests, invoices, receipts, etc . It has always been a significant issue to the AP department, particularly as numerous need to be authorized or passed by individuals across the organisation, an extensive process and prone to mistake. An e-invoicing solution allows the AP staff in order to process any document which often enters the department, successfully and efficiently. According to the Pay Stream survey’s respondents, the biggest benefit of moving to e-invoicing is a resulting reduction in procure-to-pay period time. Benefits of this lowered P2P cycle time contain being able to ensure that invoices usually are paid on time and higher supplier discount take-up. Additionally, it brings better relationships using suppliers.