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Moreen Picot   Invoice Design   August 30, 2018

Furthermore the document includes an electronic signature which is generated using a digital certificate that has been provided to the sender of the invoice by a Tax Agency-approved certificate company. This combination of factors provides a Electronic Invoice with sufficient reliability so as to indisputably guarantee its integrity and the authenticity of its origin.

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Lorraina Quere   Invoice Design   October 11, 2018

An electronic invoice (also called an e-invoice or eBill) is the result of a billing method that doesnt require a paper copy as a backup in order to demonstrate its authenticity. For this reason an electronic invoice functions as a software-generated file which compiles the information related to a commercial transaction its payment and corresponding tax obligations.

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Cerise Le Gal   Invoice Design   October 11, 2018

Paper Invoices Many AP departments receive thousands and thousands of paper invoices per year which will need to be manually keyed into a finance system. This process is very slow inefficient and costly. It is very easy to lose or misplace important paper documents when handling them manually but with an automated invoice processing solution all documents can be stored electronically. The AP team will be able to retrieve invoices instantly meaning no more time will be wasted searching for invoices in filing cabinets or folders.

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Tallis Simon   Invoice Design   October 11, 2018

Paper invoices entering the AP department are now scanned into the IMS (Invoice Management Solution) system. Using Automated Data Capture technologies the header information such as invoice total supplier name etc is automatically read from the invoice. The integration between IMS and the ERP then enables this data to be populated directly to register the invoice in the financial system with minimal manual data entry required. If IMS does not recognise the vendor workflow automatically sends this as a query to the business user who can then select whether this is a new vendor to be set up in the ERP or is just a one-off vendor. The integration between IMS and the ERP triggers the creation of the appropriate vendor. This ensures that delays are not created with unknown vendors and speeds up the process of adding new vendors to the finance system.

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Moreen Picot   Invoice Design   October 11, 2018

Invoices can sometimes be an Accounts Payable (AP) clerks worst nightmare especially if it takes hours and hours to manually process a single paper based invoice. Numerous things could go wrong with processing invoices manually; which can become very costly for business. Below we have listed five of the top invoice problems.

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Moreen Picot   Invoice Design   October 11, 2018

Automating as many processes as possible through an integrated solution which optimally manages these tasks results in a directly proportionate decrease in opportunities for human error while increasing the opportunities for savings and improved efficiency. Even collections can be managed automatically sending the corresponding overdue notices as certain pre-defined thresholds are reached.

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Lissette Boulanger   Invoice Design   October 11, 2018

All invoices regardless of the way in which they are sent (whether on paper or in electronic format) must include a series of mandatory fields. Article 6 of Royal Decree number 1496/2003 Spanish law which regulates the content of an invoice establishes these fields as:

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Moreen Picot   Invoice Design   October 11, 2018

When a buyer asks for a quotation the seller should always provide a pro-forma invoice. A pro-forma invoice is an invoice sent in advance of the commercial invoice which is the final bill that the buyer agrees to pay. Some of the advantages of pro-forma invoice to the importer include to show to his government for foreign currency allocation opening letters of credit and most importantly to have a detailed information on the transaction that can help him plan. An accurate and professionally submitted pro forma-invoice can help buyers to make a decision and agree to the quotation.

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