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004 Invoice Template Google Docs

Integrated retrieval _ Invoices can be retrieved from IMS at any stage, the full audit trail and a history of the workflow determines exactly where in the process each invoice is. It is also possible to retrieve invoices directly from their ERP system due to the integration with IMS. The full audit trail is vital as they have to comply with Sarbanes Oxley legislation. The IMS solution is used to assist in this compliance, with the audit trail providing a complete history of the lifecycle of each document.

Another outcome is an increase in efficiency; the AP department can instantly find an invoice without having to waste time chasing the business users. With approximately 70% of the invoices now matching the PO immediately, a considerable amount of invoices only require scanning, after which the process is entirely automated. This efficiency has directly resulted in a reduction in the number of people required in the Accounts Payable department; before the system was installed the team consisted of 13 people and there have been reductions in headcount, as the AP manager substantiates: "The IMS system has increased efficiency in our Accounts Payable department to such an extent that on full implementation we expect to reduce our headcount by 4."

Advantages of Invoice Factoring Besides providing fast access to capital, invoice factoring offers a number of other important advantages. It gives you unlimited access to funds without adding liability to your balance sheet. Because invoice factoring isn't a loan, there's no debt or monthly payments involved. Plus, invoice factoring is a flexible arrangement because it doesn't require any long_term contracts. Additionally, invoice factoring makes it easier for you to offer credit terms to customers. This can help you increase your sales without negatively impacting your cash flow. Invoice factoring also can help you take advantage of the early payment discounts many vendors offer on bills within ten days. Ultimately, invoice factoring can help build business credit. The cash flow you create from invoice factoring can make it possible to pay your vendors on time and establish a stronger credit rating. And this can assist you with securing credit from other vendors and financial institutions.

Gallery of 004 Invoice Template Google Docs

001 Invoice Template Google Docs Ic Pro Forma Unbelievable Photography Blank Example 320

001 Invoice Template Google Docs Ic Pro Forma

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002 Invoice Template Google Docs Ic Delivery Receipt Templateitok

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019 Invoice Template Google Docs Blank Invoices Or Free Printable

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015 Contractor Invoice Template Google Docs

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010 Invoice Template Google Docs Footer Product Shot

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004 Invoice Template Google Docs

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006 Invoice Template Google Docs Ic Job Estimate

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012 Make An Invoice In Google Docs Step


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