Electronic Invoicing

Processing paper invoices is costly, error-prone and slow. In fact, each supplier invoice can cost your organisation between £3 and £10. Total cost of invoice processing includes sorting documents, data entry and invoice archiving. Of course, the cost is much higher when a problem occurs: disagreement about the invoice amount, problems with the items listed etc.
One out of five invoices encounters such a problem and companies have to deal with it although many organisations have not implemented predefined processes for problem invoices.
Finally, the normal time for processing invoices is considered to be less than one week, however, this is only the case in 44% of companies. Almost a quarter of all companies need more than three weeks to process invoices. As a result, 25% of invoices are paid late.
Relying on accurate information is at the heart of financial efficiency. It is also needs to maintain strong relationships with suppliers. As an example, accounts must be updated in real time, in detail, to help on-time payment of invoices. This point is all the more important when the economic situation is tough. Managing large financial resources make it mandatory to be able to report on the company's expenses on a day-to-day basis. But daily reporting is impossible if invoice data does not enter the accounting system until two or three weeks after having been received.

Commerce-Connections e-Invoicing is a service which eliminates the manual invoice processing tasks, performs error checking, significantly reduces delays which may occur due to disputes associated with processing paper invoices.
CC e-Invoicing solution enables organisations to streamline their accounts receivable invoice processes, and reduce operating costs.
Select the CC e-Invoicing solution and start receiving error-free electronic invoices directly from your suppliers’ billing systems to your financial system - enabling touchless, straight-through invoice processing.