Debunking three commonly prevalent e-invoicing myths


Presentation Description

While e-invoicing techniques and practices have been on the rise, there are still some commonly prevalent myths surrounding this process. Security concerns and other such myths have been debunked below.


Presentation Transcript


COMMON MYTHS ABOUT E-INVOICING DEBUNKED Over the time, e-invoicing has made its mark and the demand to use e-invoicing processes is on a rise. However, due to the immense lack of knowledge when it comes to e-invoicing, there are many myths that are considered to be true, owing to which, many businesses refrain from using e-invoicing. Hence, here are some common myths about e-invoicing that are believed to be true, but actually are not: http://


COSTLY More often than not, companies are reluctant to digitize their invoices as they think that the economic costs may rise. On the other hand, e-invoicing can actually prove to be cheaper than paper-based invoicing as digitally sent invoices do not require much manual labor and the cost for paper and other stationary like ink, cartridge, etc , is eliminated.


SECURITY Many a times, businesses believe that e-invoicing is not a safe process as most their data is on the web. However, e-invoicing is actually considered safer than paper billing. The technology that the e-invoicing process uses includes mechanisms such as e-signature or time stamping that ensures the integrity and validity of the document.


CONVENIENT As e-invoicing is a new concept, businesses believe that using this process might not be convenient and may be time-consuming. However, by opting to use e-invoicing, suppliers and buyers can make use of a supplier or vendor portal, which offers vendors the ability to check the status of approval, resolve any disputes or errors and saves time.

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