Top 20 Billing & Invoicing Tech Companies - 2017
Companies are rapidly adopting electronic invoicing or e-invoicing due to the various benefits it offers in terms of reduction in staff, increased cash flow, improved security that minimizes fraud and improvements in customer relationships. Automation of the billing process can be deemed as one of the key contributors to the various advantages offered by e-invoicing. In addition to making the process more simplified and efficient, automation reduces the margin of human error and decreases the need for resources like time and labor.
E-invoicing is largely encouraged by technological disruptions, such as cloud and mobile devices. With the availability of both these components, invoicing data is accessible from anywhere and at any time. By analyzing the data on e-invoice, organizations can enhance their management of invoices while reducing tax frauds. Additionally, they can avail better insight into consumer behavior. The integration of blockchain with e-invoicing enables organizations to acquire faster transactional processes by eliminating third parties while ensuring that the transaction was secure. Moreover, with the increasing acceptance of e-invoicing, invoicing services are attempting to consolidate the market into a unified platform, which will further improve the accuracy, cost, and speed of the invoicing process.
It is imperative that organizations invest in the right provider that suits their specific necessities. Keeping that in mind, CIOReview has charted out 20 companies that offer efficient and tailor-made billing and invoicing solutions.
We present to you “20 Most Promising Billing and Invoicing Solution Providers - 2017.”