Here are the benefits of enabling e-invoicing in your business

Cost and time savings are not the only benefits of digital invoicing. Companies they are discovering other benefits provided by Electronic Service Providers (ESPs), which enable tools to collect, store, access various financial products, among other things, said Kenneth Bengtsson, Efact’s Executive President.

“As companies continue on their digital transformation journey, they will discover new e-invoicing tools that will enable them to increase efficiency,” said Bengtsson, who detailed some of the features that entrepreneurs use most frequently.

These are new benefits

Collection tools: As an electronic account management system, PSE provide various value-added services, such as tools that enable customer tracking through Pending payments. “In the case of Efact, these functions are quite powerful and easy to use. They allow you to send reminders and add comments to each issued receipt, as well as include files such as vouchers for payments made by each customer,” the manager said.

Converting commercial vouchers to negotiable: Many companies use the services factoring to receive funding. Today, PSEs help businesses get started with the same electronic invoicing platform, making it easy to convert their commercial receipts into negotiable ones. “This service is highly valued by companies because they are ready to start the process of reconciling their accounts,” explained Bengtsson.

Loan alternatives: The electronic billing system speeds up the financing process. In addition to factoring, it improves the risk profile and access to bank loans. “An electronic invoicing system is a record of a company’s entire business activity. It means This helps to demonstrate the solvency of their customers and show that they are fulfilled.”said the chief executive of Efact.

Storage: While many MSMEs print their invoices to create a physical record or create a copy to store on their servers, the vast majority of them are unaware that SUNAT regulations require PSEs to keep all tax documents issued and received within a certain period of time. years. This service is a differentiator for businesses that have a digitized file in their possession.

Error correction tip: Some e-service providers offer comprehensive services that go beyond just sending digital receipts. They also track invoices to make sure they are error-free and returned to issuers. In addition, they offer tips for correcting any unintentional errors. “It is important for companies to acquire these tools so that their documents are not invalidated,” the head warned.