Top
Register for these complimentary materials:
Dynamic Payables Discounting and Supply Chain Finance   Dynamic Payables Discounting and Supply Chain Finance
Technology Insight White Paper
ICG Vendor & Supplier Portal Presentation   ICG Vendor & Supplier Portal Presentation
Presentation focusing on business benefits of a vendor or supplier portal
ICG Supplier Portals & Dynamic Discounting   ICG Supplier Portals & Dynamic Discounting
Presentation focusing on features and functions of Supplier Portals & Dynamic Discounting
On-Demand Webinar   6-Minute Executive On-Demand Webinar
On-Demand Webinar
This form does not yet contain any fields.

    What is electronic invoicing?

    Electronic invoicing (also known as e-Invoicing and EIPP) offers a tremendous opportunity to reduce the flow of incoming paper, reduce cycle times and most importantly lower the cost of Accounts Payable (AP) transaction processing. Simply put, Electronic Invoicing is the delivery of invoices electronically either over the Internet or via a formalized EDI relationship between the buyer and supplier. With the tools like Vendor and Supplier Portals, virtually any company can accept electronic invoices from their vendors and suppliers without having to implement costly and complicated systems.  E-Invoicing provides benefits to both the buying (paper and expense reductions) and supplying (eliminate mail float, lower billing costs)  companies, which makes onboarding your vendor and suppliers to your e-Invoicing solution much easier than you may think!

    What are the benefits of e-invoicing?

    Handling paper invoices is time consuming, labor intensive, and prone to error.  Processing electronic invoices by contrast is efficient, secure, eliminates data entry errors and expedites the approval process.  With an electronic invoicing system you can look forward to the following benefits:

    • Reduces costs.
    • Instantaneous delivery (Time is money!)
    • Secure delivery (No lost in the mailroom or someones desk)
    • Eliminates paper archiving and storage
    • Facilitates rapid retrieval of invoices and related documents to resolve disputes quickly
    • Reduces invoice processing time

    How do I know if electronic invoicing is right for my business?

    Electronic invoicing is increasing in adoption accross the business spectrum with many large and medium size businesses jumping on the bandwagon to save money and improve efficiency.  If you are unsure if e-Invoicing, is right for your company, please contact ICG for a free assesment.  We will get on a call with you and talk through your current environment and future plans to see if e-Invoicing will make a difference in your company.

    How can I implement electronic invoicing in my business?

    The idea of implementing a new system to handle invoices may seem a little daunting, but ICG Consulting can make the transition easy and simple. Contact ICG today for a free, no obligation, consultation and begin reaping the benefits that electronic invoicing can achieve for your business.