REASONS WHY YOU SHOULD QUIT PAPER INVOICES
Paper invoices don’t always leave a paper trail. E-invoices do. They are stored in a Cloud Server on the Internet, so this makes it much easier for your company to provide evidence of financial activities.
Really?
Yes, really. When you remember that paper invoices readily get missing, data wrongly imputed, fraudulent invoices are sometimes received by a customer… This will point out to you the need to ditch paper invoices for e-invoices.
There’s still more to come.
E-invoices are the new normal and the language of the future as many companies conduct at least part of their business activities online. This makes them easy to integrate seamlessly with the activities of your customers.
But I already know that! What other reasons can Cashflow tell me to convince me to switch to e-invoices?
E-invoices make payment faster.
Do e-invoices really make payment faster? How?
This is because e-invoices do not need to be sorted, mailed to the customer, opened by the customer and re-keyed.
The e-invoice is readily available electronically which makes it easier for your customer to process the invoice for quick payment.
Sounds good, right?
Greater productivity
E-invoicing platforms like Cashflow make for greater productivity. This is because settings for receipt notifications can be turned on in a bid to let you know when your e-invoices were received. This prevents the awkward situation that arises when paper invoices are mailed to the customer but the customer claims he didn’t get it.
As a customer is eager to avoid the embarrassment of receiving phone calls reminding him to pay up, the customer is much more likely to pay on time as he is aware you know the e-invoice was received by him.
Reduced costs
E-invoicing saves you a lot of money your business would otherwise have used to mail paper invoices to your customer. Further savings result from not having to implement corrections to a paper invoice with errors (due to problems with data entry) as you mail the corrected invoice once again to your customer.
This is because most e-invoicing platforms are free to use. Or ask for a token fee. The major cost you will bear is the cost of an Internet data plan, which is not much compared to the savings you will have from switching to an e-invoicing platform like Cashflow.
Now that you have some more reasons to switch to e-invoicing, why don’t you sign up on www.cashflow.ng today! You’ll be glad you did.
