Switching from paper to electronic invoicing brings you many benefits, and but can also be complex in some ways:
Compliance: The use of electronic invoicing requires compliance with existing EU and national regulations. Data integrity, authenticity of the origin and readability of the data must be ensured at any time.
Integration with different partner infrastructures: To benefit from all advantages of electronic invoicing, your partners must be able to integrate it directly into their accounting systems. Integrating many partners with heterogeneous various systems, can be very complex and time consuming.
An evolving legal framework: More and more countries are adopting a “continuous transaction control” model where invoices must be reported in real-time to tax administration. Whether you operate your business in one or many countries, your AR and AP will be impacted and your organization needs to be prepared.
Speos: Your “One Stop Shop” to deliver your electronic (?) invoices!
Connect once, trade with many
Once the capture of your invoice data from your ERP is in place with Speos, we are able at any time to deliver your invoices to your customers in their preferred format and using their preferred and delivery channel.
The eInvoicing benefits
Faster Payment and improved cash flow
More efficient delivery of your invoices reduces time to collect cash and improves your Days Sales Outstanding (DSO).
Cost reduction
Reduce the costs associated with traditional paper-based invoicing, such as printing, postage, and storage.
Improved relationship with business partners Transparency of the billing process between you and your business customers leads to more effective communication and can help to avoid misunderstandings or disputes.
Increased accuracy
Digital invoice eliminates errors that can occur with manual data entry.
