With electronic invoicing, businesses can simplify their invoicing processes, reduce administrative burdens, and enhance overall efficiency. Printing, mailing, and storing paper invoices can be quite a costly endeavour, and it is not very kind to the environment. By adopting vendor invoice management software, hospitality businesses can significantly reduce paper usage, printing costs, and postage fees. Moreover, e-invoicing eliminates the need for physical storage space as all invoices and related documents are stored electronically. Not only does this save money, but it also promotes sustainability and aligns with customers’ growing demands for businesses in all sectors to pursue eco-friendly policies.
You can scan in a single document or capture an entire batch in one go. Once your invoices are saved in IntelliChief, the rest of the workflow can be completed electronically. The paperless invoice processing system is a revolutionary way of ditching papertrail and automating your invoices. We’ll cover what paperless invoice processing really means, how it can make your life easier, and how to make the switch. With a dependable partner like Genio, making this switch is easier than ever. Embrace the future of invoicing and transform the way your business manages billing with Genio‘s paperless invoicing solutions.
Interested in automating the way you get paid? GoCardless can help
You’ll also want to work with customers to make sure that communications coming from your new system will be whitelisted so your invoices don’t get lost in customers’ spam filters. One of the first interactions you’ll have with a customer—post-purchase—is through invoicing. The way you engage with them then will set the tone for the rest of their experience with you. And let’s suppose you need to edit the invoice generated, E-invoices can easily be edited without costing you a penny. Some organizations also have a cross-checking method, wherein Purchase orders are evaluated against invoices.
While the benefits are substantial, it’s essential to acknowledge and address the challenges businesses may encounter during this shift. The introduction of digital invoicing marked a turning point in streamlining the billing process. Whether digitizing is completed within your company or hired out, converting all your paper documents is a must.
Paper versus paperless invoicing
Whatever the size of your hospitality organisation, a well-designed procure-to-pay software solution could help you enjoy a competitive edge. The FutureLog procurement platform is designed specifically for the hospitality industry, making it the perfect choice for your business. For more details of what it has to offer, or to arrange a commitment-free demonstration, please do not hesitate to contact us. If possible, just set up a flag in your supplier management system so it is easy to run reports and identify vendors who are not on board yet. On top of it, you will always have new vendors, so you need to ensure they are also onboarded to the e-invoicing process.
Leverage the automation capabilities of your invoicing software to set up reminders for due payments. This helps minimize delays and ensures that your clients are promptly reminded of upcoming or overdue invoices. One of the issues that occur when businesses choose to process an invoice rather than use an automated system manually is double payments.
