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Take advantage of one of the clearest ROI and
cost-reduction opportunities in business today.
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The value of electronic invoicing represents one of the clearest ROI and cost-reduction opportunities in business today. Senders can save upwards of 80% of the cost of creating and distributing paper invoices.
Conservatively speaking, receivers can save more than 15 Euros per invoice by accepting electronic invoices. (Some analysts put the savings at well over double that.).
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A Simplified Solution for an Opportunity Too Valuable to Ignore
Despite the obvious and rapid benefits of e-invoicing, many companies that invoice across borders within and beyond the European Union find the complex maze of country-specific legal requirements to be a daunting challenge. Added to this, e-invoice solutions and service providers typically put the onus on you, the customer, to develop an e-invoice output process that is independent of your existing paper-invoice process. These two challenges frequently make the transition to e-invoicing seem overly complicated.
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StreamServe E-Invoice Center, on the other hand, creates a single, unified process for producing invoices in whatever form and format each customers prefers, delivered through their channel of choice—paper or electronic. The solution automatically creates on-demand e-invoices that comply with applicable EU and other cross-border regulations*.
Additionally, e-Invoice Center automatically validates your customer’s compliant-receipt of the invoice – all via a seamless and constantly updated digital signature process. You can now deliver invoices in each customer’s preferred format without worrying about a legal technicality interrupting your revenue stream, or effecting your customers’ VAT compliance. |
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Regular Communications Encourages Customers to Adopt E-Invoicing
Although paper invoicing will remain predominate for the near term, e-invoicing will inevitably become the standard format. The best way to save both you and your customer considerable cost is to get your customer base to transition over to e-invoicing. To accomplish this goal, organizations need to promote the benefit that e-invoicing will provide their customers.
StreamServe E-Invoice Center allows you to put persuasive messages right on the paper invoice – demonstrating the multiple benefits that paperless invoicing provides. StreamServe’s rules-based capabilities assure that marketing messages for e-invoicing only appear on your paper customers’ invoice. You can also tune that message to particular customers, based on defined criteria.
For example, the "value" of the message could be linked to the annual volume of invoices that a particular customer receives from you.
Lower Cost, Higher Efficiency, Rapid ROI
Gartner Group estimates that sending each paper invoice costs about 5 €, where e-invoicing can cost less than 1 €. The unified StreamServe process also delivers noticeable savings for traditional paper invoices; for example, by reducing or eliminating manual handling and by enabling consolidation of invoices into fewer pieces of paper.
One customer, Stanley Europe, reduced their invoices from four pages to a single page by printing invoices in groups optimized for the most efficient and cost-effective delivery. On average, ROI can be achieved in six to twelve months.
Compliance Adds Features & Value
The StreamServe E-Invoice Center enables compliance under EU E-invoice Directive 2001/115/EC in two key areas: 1. Electronic signatures; 2. Prior customer acceptance of electronic instead of paper invoicing. The solution supports well-known archiving systems available in the market, as well as StreamServe's own document storage system. Additional measures such as operational practices and hardware may be required in certain countries.
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