Published at Monday, March 04th, 2019 - 00:04:31 AM. Invoice. By Ivonne Louis.
Cash flow shortages can happen to almost any business, but invoice factoring can provide a quick, easy solution. Invoice factoring involves the selling of your account receivables or invoices to secure immediate working capital.
Many AP departments receive thousands and thousands of paper invoices per year, which will need to be manually keyed into a finance system. This process is very slow, inefficient and costly. It is very easy to lose or misplace important paper documents when handling them manually, but with an automated invoice processing solution all documents can be stored electronically. The AP team will be able to retrieve invoices instantly, meaning no more time will be wasted searching for invoices in filing cabinets or folders.
Any content, trademark’s, or other material that might be found on the Spacesofsilence website that is not Spacesofsilence’s property remains the copyright of its respective owner/s. In no way does Spacesofsilence claim ownership or responsibility for such items, and you should seek legal consent for any use of such materials from its owner.