“…an electronic invoice should contain data from the supplier in a format that can be entered (integrated) into the buyer’s Account Payable (AP) system without requiring any data input from the buyer’s AP administrator”
EDI, invoice portals and application generated PDF's are all complimentary submission methods of a successful e-invoicing service.
There are three different models of e-document transfer used today.
”An organisation can save 1-2% of its turnover by replacing paper invoices with electronic invoices and optimising the related processes” Billentis 2010
OCR is the electronic conversion (through scanning) of invoices without extractable data (either paper or image files) into data that can be integrated directly (as an EDI or XML file) into a buyers Accounts Payable finance system for payment.
Dispelling the Myths surrounding the use of PDF invoicing and compliance.
Technical, cost and process barriers are removed for suppliers when using PDF invoicing, making it a preferred method of document transfer.
There are mutual benefits for both suppliers and buyers when using PDF invoicing.
CloudTrade is built firmly on the premise that e-invoicing should be easy to use and non-disruptive - only then will suppliers move away from paper.