Suppliers not ready for e-invoicing? Ask ’em to do this
Asking your suppliers to change their billing processes and start sending you e-invoices isn’t usually an effective tactic. But there are certain things you can do to help them move in that direction.
Suppliers can turn down a request by simply stating: Why should we switch to e-invoicing when today’s companies still receive the lion’s share of their bills on paper.
In fact, 75% of companies said the vast majority of the bills their A/P department receives are on paper, according a recent poll by the Accounts Payable Network.
So what can you do? Try easing your suppliers into e-invoicing. Example: ask them to PDF invoices to your A/P department. After paper, PDFs are the top way in which companies receive their bills.
There are a slew of free programs out there that make it easier for suppliers to convert invoices into PDFs, and some of these programs can do the entire conversion in a single click.
Key: Have a list of programs ready to show your suppliers when you make your ploy for receiving invoices via a PDF-format.
- Share on
Free Training & Resources
White Papers
Provided by Anaplan
Webinars
Provided by Yooz
Further Reading
Ever-growing postage rates are driving companies to digitize as much as possible. A record-high rate hike set for July 14 is going to impac...
Because of the American Rescue Plan of 2021, more companies and gig workers will be receiving Form 1099-K, Payment Card and Third Party Net...
B notice season (September through October) can be a minefield for A/P pros because nobody wants the extra work of calculating 24% backup w...
A rule that hadn’t changed since 1954 may be getting an update. The IRS has proposed eliminating the 1099 filing requirement for paym...
If your Accounts Receivable (A/R) process still includes manual steps, you’re not the only one. Not by far. Recent A/R benchmarks hig...
Corporate bankruptcy rates are at Great Recession levels last seen in 2009-10. The worse news? The year’s only a little more than hal...
