Related Posts
Categories
Improve 'on-time' payments with tracked Invoicing
In today’s fast-paced business environment, ensuring timely payments is crucial for maintaining healthy cash flow. However, traditional invoice processing often follows a “send and forget” approach, leaving suppliers uncertain about whether invoices were successfully received and processed.
This lack of visibility can result in delayed payments, disrupted operations, and unnecessary manual interventions. By leveraging EDI and API connectivity, businesses can transform their invoicing process into a “send and track” model, providing real-time insights into invoice delivery, status updates, and potential errors.
This proactive approach enables businesses to address issues before payment deadlines arrive, ensuring smoother cash flow and reducing administrative burdens.
From Standard to Tracked: A simple analogy
Think of it like sending a letter via standard postal service versus using Tracked 24 service. With standard mail, you send it and hope it arrives. If it gets lost or delayed, you might not find out until much later. With tracked mail, you receive updates on its journey, ensuring it reaches its destination without issues.
The same principle applies to tracked invoicing – instead of sending an invoice and hoping for the best, you receive notifications if there are delivery failures, data errors or system dropouts.
This means you can take corrective action immediately, preventing payment delays and improving overall efficiency.
Key benefits of tracked invoicing
1. Enhanced cash flow management
Avoid payment delays by ensuring invoices are received and processed on time.
Get real-time updates on invoice delivery status.
2. Reduced manual interventions
Minimise time spent chasing missing payments.
Resolve issues proactively rather than reactively.
3. Error notifications before they impact payment
Identify and fix delivery failures before the due date arrives.
Prevent common issues such as formatting errors, missing fields, or system failures.
Enhance compliance by simplifying VAT reporting, including pre-filled returns.
4. Stronger supplier-customer relationships
Demonstrate reliability by ensuring seamless invoicing.
Foster trust and transparency in B2B transactions.
A smarter way to monitor invoicing
For businesses looking to eliminate invoicing uncertainties, tracked invoicing solutions provide an end-to-end way to monitor invoice journeys. With these solutions, companies gain:
Real-time status tracking:
Know if invoices are delivered, pending, or failed.Root cause identification:
Pinpoint precisely where an error occurred.Seamless integration:
Connects with existing systems without disruption.
By integrating EDI and API technology, businesses can transition from reactive invoicing processes to a proactive, data-driven approach, ensuring smoother financial operations and reducing risks of late payments.
Take control of your invoicing today.
Invoicing should never be a guessing game. With tracked invoicing, businesses gain the transparency and control needed to improve cash flow, reduce operational headaches, and maintain strong financial health.
Don’t let lost or delayed invoices disrupt your business. Make the switch to a “send and track” invoicing process today.
Get in touch
Don't let invoicing uncertainties impact your cash flow. Take control with tracked invoicing - schedule a meeting with our experts today and discover how we can streamline your payment processes.
eInvoice Software
AR Automation
Scalable digital compliance for outbound invoice processes. Build the ideal solution for your AR team.
AP Automation
Convert & integrate inbound files with 60-80% ROI. Ideal for AP teams manually processing 2,000+ invoices per month.