In today’s world, almost anything can be done electronically: banking, buying clothing, and even ordering take out! It seems like everyone is doing everything that they can electronically.
It makes me wonder then why many large companies with enormous staff, divisions, and revenue still choose to use paper invoicing? All that paper is labor intensive and inefficient; it only slows down the organization’s business-to-business accounts payable payments.
Human beings are creatures of habit. It often takes some persuading, question and answer sessions, opinions from family, friends, colleagues and a little bit of research for a human to make a decision that can affect them or the work they do.
People in some innovative companies have accepted change and use change as a competitive advantage. Technologies like discount management and supply chain finance have created lower DPOs, DSOs and lower unit costs for these companies by automating the payment exchange process, related documents and…
You are not currently