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Will E-Invoicing and Direct debit payment increase Accounts payable efficiency ?

Payment Processing Payments Accounts Payable E invoicing Invoicing
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Question added by Imran Khan , Team Lead- Finance and Accounting , capgemini
Date Posted: 2013/05/03
Upvote (2) Views (14) Followers (2) Answers (3) Report Question
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Mukhtiar Mallah
by Mukhtiar Mallah , Unit Head CPU Trade Import , United Bank Limited

No, basically by E-Invoicing and direct debiting Payments, your efficiency to Hold Payments upto last day reduces, which effects on your overall balances.

Hameed Owoyemi
by Hameed Owoyemi , Financial Accountant , Havilah Merchants Nigeria Limited

E-invoicing and direct debit with adequate controls in place will increase account payable efficiency

Faiyaz Mohammad
by Faiyaz Mohammad , Manager Finance And Accounts , Macquarie Global Service

Definitely E-Invoicing and direct debit payment will increase the efficiency of AP majorly in terms of TAT of manual process of invoicing and payment.
However, it will require great controll system to have a error free smooth process.

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