Since 2007 the worldwide economy has been navigating a financial storm,Crafting the Perfect Invoice Articles with many weaker companies sinking under the pressure of falling order books and late payments.
A typical manufacturing company will have cut back on hiring new employees, stopped buying capital equipment, slashed research and development and frozen new product launches. Directly impacted by the recession is the accounts receivable (AR) process. The customers of the company that owe it money may pay slowly, late, or not at all, further reducing revenues. The affected company will pay its own bills more slowly, late, or in smaller increments – this in turn may reduce the company’s credit rating and its ability to obtain financing.
In short, it’s a vicious circle which many organisations have fallen victim to. So, any strategy to facilitate the payment of invoices and reduce the days sales outstanding (DSO) is critical to any business, large or small.
This whitepaper considers the true cost to deliver a business to business (B2B) invoice and proposes a flexible and innovative method (based around the Pareto principle or 80/20 law) to deliver invoices instantly, cost effectively and with complete visibility
The Death of Post
In the last five years we’ve seen an explosion in the growth of electronic business document transmission – common formats and methods of transmission include: