If you own a sports store (or any type of retail store matter), whether it’s an online store or a brick and mortar store, chances are you will know about the hassles that come with processing your invoices. From all the tasks in the office, the invoicing can often take up the most time.
What is the more puzzling is that the invoicing process hasn’t really seen any major improvements in the last decades, that is until the advent of what is called electronic invoicing.
If you ask me, electronic invoicing may well be one of the greatest improvements in terms of various business tasks along with other things such as email or the shift from retail businesses to online.
The good thing about e-invoice is that it is rather easy to implement without the requirement for any major changes in your process. The main difference here is that you will send and receive your invoices over the Internet as opposed to postal mail.
In the same way as with email and fax, electronic invoicing can help save you considerable time. Depending on the size of the business, e-invoice may even save you do need for dedicated staff and in some cases the operation of a mail room.
Electronic invoicing only helps to process your invoices a lot faster, whether you are the sender or the recipient. If you have a high volume of invoices on a regular basis is can also help you significantly on mailing costs. In addition to the time and cost savings, the e-invoice also helps to minimize problems with lost mail that can happen once in awhile.
Today, you can find several electronic invoice service providers such as CloudTrade. Those companies serve as a middleman between you and your supplier. What you do is that you send your invoice to the provider. The electronic invoice service provider converts invoice for you and sends it to your recipient in digital format.
I can recommend that you look into electronic invoicing if not done so already. It may well help you to save considerable time and money in your business.