An additional benefit of the solution is that IMS reduces the possibility of duplicates being paid, the system includes validation that picks up possible duplicates and alerts the AP team. This will reduce the estimated Â£80ꯠ per year that was previously being spent on duplicate invoices. Summary of key benefits : Increased control _ Increased efficiency _ Reduction in AP headcount by 4 people _ Elimination of manual data entry _ Reduction in lost invoices _ Elimination of duplicate invoices _ Reduction in time spent locating and chasing invoices.
As long you are looking for something online, you have to be prepared to face some hurdles. There are numerous hurdles that you will encounter and the top on the list are scams. Although you may find an invoice format or template that you think is good, you may be made to pay a lot of money for it. It is thus important to look for trustworthy sites that will not use up a huge chunk of the company funds. One such site is the Microsoft site. The site offers businesses different templates for all the forms and documents needed to keep a company running. It is also the best place to find an invoice example, which will look perfect and above all official and professional. The following are a few types of Microsoft Word and Excel invoice example I had developed which you can download and use freely from my blog link at the bottom of this article.