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://www.basware.se/
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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