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
Further Reading
Cloud-based A/R is rapidly becoming a must-have for businesses of all sizes. But where is A/R technology heading, and what should you expec...
B2B credit departments are steadily embracing new technology and automation. But one area where companies are steadfastly sticking to the p...
Finance technology is changing all the time. Trends come and go. But the underlying goals of finance teams don’t change much at all. ...
The success of Finance depends on an accurate and efficient A/P department. That includes every step of invoice processing – receivin...
Year-end close is when many finance teams are vulnerable to burnout from a seemingly endless, high-priority to-do list of generating annual...
Imagine getting a Notice of Final Determination from a state revenue department that said it wasn’t going to recognize a use tax exem...
