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ECT News Community   »   E-Commerce Times Talkback   »   Re: The Electronic Invoicing Renaissance



Re: The Electronic Invoicing Renaissance
Posted by: Shan Haq 2008-03-26 20:26:05
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The phone rings and John answers, "Accounts payable, how may I help you?" It's the fourth call John has received from ABC Supply this week. Why? ABC Supply wants payment for an invoice that was sent more than 60 days ago. How is this possible? Actually, it isn't surprising. There is tremendous variability with regard to the purchase to pay cycle. Just think of the typical steps required to pay an invoice. First, ABC Supply prints a batch of roughly 150 paper invoices. After sorting, stuffing and metering, one to two days have already passed.


Re: The Electronic Invoicing Renaissance
Posted by: maryschaeffer 2008-03-31 10:15:32 In reply to: Shan Haq
I had to laugh as I read this article. Rarely do I see someone accurately reflect on the pain that goes on in many accounts payable departments across the country. The author hit the nail on the head along with providing an accurate solution. Well - done.
Mary Schaeffer
www.ap-now.com
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