Invoice management is an internal business function responsible for managing documents from vendors or suppliers. Invoices represent a source document in accounting. Source documents outline specific information relating to a financial transaction. Vendors usually provide outside services such as maintenance, utilities, office supplies, or advertising to businesses. Suppliers represent companies who provide businesses with economic resources. Economic resources include the raw materials and direct labor needed to produce consumer goods or services. Companies use invoice management processes to ensure vendors and suppliers receive payment in a timely manner.
Few people actually enjoy the manual invoice management process, which can involve:
The Digital Invoice Management system is a complete solution for managing invoices with significant reduction in papers and errors. We spend great amount of time as well as resources in attending calls and handling disputes of clients. With electronic invoicing, you would be able to get rid of irrelevant costs and mistakes.
With its use, they can easily prepare error-free bills and invoices within a few minutes. Online billing, scheduled invoicing, in-time reports, and automated bill printing are its main features which make it very popular among people belonging to different business groups. It also allows you to print bills and invoices in PDF format & sent them to customers/clients via Emails.