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Invoices generated and delivered to customer can help maximize the inflow in shape of collections with in due period and to identify risk of disputes?

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Question added by Rana Kashif , Director Corporate Credit Management , HASHOO GROUP – Hospitality Division
Date Posted: 2013/06/05
Ahmed Saeed
by Ahmed Saeed , Supply Chain and Purchasing Manager , Tuff Gear Ltd.

In my field of work this is the key. I generate the invoices at the start of the month, so that the client can reconcile with their own data. If they are any disputes it can be highlighted during the month and can be solved as soon as possible. If there is a delay on my end or the clients end, the collections are also delayed. This can reduce the cash inflow and can result in alot of issues. 

Shamna Mohammed Ali
by Shamna Mohammed Ali , Accountant , Almoayed Chambers

Yes.But it should be on time and accurate.Invoices need to process and deliver on time and should follow up with the client with the statement of invoices before the due date.This is the key to maximize the inflow of collection and can identify and correct any disputes on time.

Bilal Ahmad kumar
by Bilal Ahmad kumar , senior site engineer , Alstom India Pvt ltd

For billing it is neseccary to attach all invoices mandatory and releated to claim in billing .in short it is an evidence supporting in the billing

Abdul Salam
by Abdul Salam , Billing Officer , Transguardgroup

After the Invoice delivery client giving a period for instance one month,those time enough for data analyzing.

Mazher Ahmed Bandi
by Mazher Ahmed Bandi , Application Support , IBM

In my filed of work, the process of billing & invoiceing will happen at the end of billing cycle every month and on the same day we post invoices to customer with a one month due date for collections. The timely process is indeed a best and proactive approach to increase the revenue of a company.

Ravneet Singh
by Ravneet Singh , Process Developer , Genpact

Yes, Its true invoices generated and delivered to customer can help maximize the inflow in shape of collections with in due period and to identify risk of disputes. But, we need to make sure that, it should be on time.

Sahibzada Muhammad Tariq
by Sahibzada Muhammad Tariq , Senior Credit Controller/ Commercial Manager , Oxygen DMCC

To generate invoice and send it on time to customer is a regular practice which is doing by all companies.

But as per my experience in the credit control job a good credit controler must give a call to the customer after a day or two that they have recieved the invoices and there is no discrepancy. Once the customer confirm then immediately we should have to drop an email to record that conversation. So later on they cannot refuse or delay our payments. Because that sale has no value if its not collected on time?

For the effecetive and good credit control record keeping is very very important.

 

Jay Soni
by Jay Soni , Project Manager , Bahwan grp.

Yes, Timely action for Invoice submission and Payments  plays major roles in Project Deliverables on time which can avoid lots of Disputes for Delay.

Muhammad Sohail Naeem
by Muhammad Sohail Naeem , Coordination Officer , Pakistan Industrial Technical Assistance Centre

Yes it is true and i agreed as it is an evidence in case of dispute arises. 

Manjula Santosh
by Manjula Santosh , Planning & Admin Executive, Co-ordinator , Yester Group Of Hk Pvt Ltd, BombayRayon Fashions Ltd , Informatics India Pvt Ltd

Yes its true.

mohamed habib
by mohamed habib , Chief Accountant , Golden Group of Companies

Sure , i agree100 % it all starts with the Invoice .

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