Electronic Invoice Presentment - for AR function
Receivable departments are swimming in paper. The cost of buying paper, printing, postage and storage costs can add up quickly. Additionally, sellers are faced with mail float delays, long cycle times multiple inquiries to customers on payment status, and little visibility into transactions that results in late payments and additional costs in invoice re-prints. Analyst research studies show paper invoices on average cost $10 to produce with some industries costs as high as $30 per invoice depending on the complexity and number of sheets per invoice.
NextGen provide sellers with a simple, easy to use electronic invoice presentment tool that can raise receivables management to a much more cost-efficient level. This web based invoicing portal enables sellers to present their invoices on the web and receive payments through preferred payment channels. Sellers have 24/7 visibility into the status of their invoices and able to collaborate with customers online to settle invoice disputes.
NextGen provides large organizations with a simple, easy to use “best of breed” electronic invoicing solution that is specifically designed to adapt to your current receivables process and gives you more control over the status of your invoices.
 | Electronic invoice delivery |
| Invoice history and workflow status |
| Dispute management |
| Audit and Reports |
| Issue tracking |
Benefits
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Shorten transaction cycles Electronic invoicing gets invoices in front of customers in real time to avoid payment delays |
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Reduce direct costs Electronic invoices help companies eliminate the cost of paper, print cartridges, envelopes, postage and resources to support invoice reprints, filing, archiving splitting and stuffing of envelopes. |
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Enhance customer service Use this system to communicate consistently and personally with your customers. |
In the current economic climate an 80% reduction in the cost of a paper invoice is attractive to business managers who are attempting to cut unnecessary costs.