The pandemic has brought in a huge shift in our preferences. Today customers and suppliers are increasingly preferring the `digital’ mode.
Digital Invoicing and Digital Payments are not only convenient but also accelerate the delivery of invoices and receipt of payment, thereby shortening the Order-to-Cash (O2C) cycle. Digital invoicing and payments enable Small and Medium Businesses (SMBs) to review an invoice the moment they receive it rather than putting it aside till the due date. This results in acceleration of payments, enabling a supplier to collect payment immediately, thereby avoiding the need to extend credit.
Watch this video to know:
- How digital invoicing accelerates the Order to Cash (O2C) cycle
- How digital payments accelerate payments from customers
- The impact of digital invoicing & payments on customer experience
