WHAT YOU NEED TO KNOW ABOUT E-INVOICING IN NIGERIA (1)
Do you know what is annoying about writing invoices, reconciling payments and managing debts? It gets boring and time consuming. Sometimes the availability of a much easier way is all you need to keep your business running.
The advent of electronic invoicing, or e-invoicing has made payments easier and faster for businesses (SMEs). But what options are available in Nigeria? Let’s have a look.
Parkway Projects, a leading financial technology provider in Nigeria has launched an e-invoicing platform (Cashflow) which enables SMEs to create invoices like a professional, manage debt and get paid faster. It is a revolutionary way to avoid paper invoices, business hassles and issue automated payment reminders to customers/clients.
SMEs have a streamlined way to view and manage their list of invoices and get paid directly into their bank accounts. Report analytics are also available to aid accurate information on business activities for every initiated transaction on the platform.
Unlike other e-invoicing solutions which require the sender and recipient to use the same invoicing software, invoices generated by Cashflow are sent to the recipient’s email address who necessarily doesn’t have to be on the platform. For that reason, Cashflow e-invoicing is a platform all businesses that requires invoicing clients/customers can use.
Opral Benson Beauty Training Institute, a foremost beauty institute in Lagos State, uses Cashflow. “Cashflow has saved us a ton of time and hassle when invoicing. Sending electronic invoices to customers has been quite interesting especially the debt monitoring and management aspect. It just makes the business process a whole lot simpler,” said Mrs. Kofo Martins, Managing Director, Opral Benson Beauty Training Institute.
If everything goes to plan, we could see over 5,000 businesses use Cashflow e-invoicing at the end of 2019. That would be the signal for businesses not yet on the platform to line up behind the best e-invoicing platform in Nigeria
Businesses are getting aboard this moving train. Get started on www.cashflow.ng
