Pretty much any business owner will likely be interested in ways how to make things more efficient and cost-effective. Among those things, and this is something I just recently discovered, is electronic invoicing or sometimes also simply called einvoicing.
The first thing you need to know about electronic invoicing is that it is very cheap and doesn’t require any special equipment or training.
Basically, it is quite like the old-fashioned way of doing invoices but with some significant differences.
While normal invoices are normally sent by postal mail, you can send and receive electronic invoices over the Internet. The most obvious benefit here of course is that it tremendously shortens time since there won’t be any delays. Pretty much like email, it happens instantly. For the business owner this means that he or she can create invoices that could be completely processed and paid within minutes!
But the ability to send and receive invoices over the Internet is not all there is to electronic invoicing. You can now do the entire invoicing process from a smart phone or computer, and this includes creating your invoices. Forget about paperwork and the tedious transcribing of those. And with the ability to do all your invoicing quickly from any mobile device comes a big amount of more mobility for any type of business.
Now, think about the potential cost savings for your business when you don’t require dedicated staff for your invoices, no mailroom and possibly not even an office! While electronic invoicing works for any type of business, its benefits are evident even with the smallest businesses! It is perfect for entrepreneurs, contractors and many other professionals.