Invoicing drives revenue or cash collection. Research tells us that it is an error-prone process. A survey by Atradius finds that over 15% of invoices in Australia are unpaid after 90 days. Almost 20% of businesses surveyed say that late payment on domestic sales is often due to the invoice being sent to the wrong recipient.
Late payment of invoices has a direct effect on cash flow and the ability to grow a business. eInvoicing can reduce errors and even eliminate addressing problems. It can be the start of a journey that will see the accuracy and availability of the information you need to run your business.