Useful benefits
e-invoicing is good for your business
e-invoicing brings you a range of business benefits, including:
- Lower costs |
- Data delivery in real time |
- Eliminating errors and bottlenecks |
- Fully VAT compliant |
- Supports major file formats |
- Environmentally responsible |
- Secure |
- Real time management information |
- Internationally accepted |
Lower costs
Zero postage costs and less staff time re-keying data and following up on preventable issues.
Data delivery in real time
Helps you take full advantage of better payment terms offered by suppliers and gives you more accuracy on key accounting and financial performance measures.
Eliminating errors and bottlenecks
For many businesses, 20 per cent of invoices generate 80 per cent of the overall cost of processing. Straight-through processing reduces manual errors and costs, and e-invoicing can even automatically manage issues such as invoices received with their purchase order numbers missing.
Fully VAT compliant
Transactions comply with the EU VAT Directive (2001/115/EU) which allows businesses to send and receive financial documents electronically.
Supports major file formats
Capable of processing invoices produced in a number of different data formats, such as EDI, XML and CSV.
Environmentally responsible
E-invoicing can help reduce the impact your organisation has on the environment. It was recognised by the 2011 Green Apple awards for Environmental Best Practice.
Secure
E-invoicing uses digital signatures, guaranteeing that files have not changed since they were sent, and confirming the identity of the sender.
Real time management information
Gives you an instant picture of your invoicing status across multiple finance systems, which helps you to plan cash-flow.
Internationally accepted
NatWest e-invoicing is available in nine countries including the United Kingdom, Spain, Italy and France.
Introducing e-invoicing
Find out how e-invoicing can save your business time and money - watch the two minute tour