As surprising as it may sound, e-invoicing using XML has been one of the highly profitable sectors in today’s IT market. If you are taking XML training courses, you might have had dedicated sessions on how to build invoicing apps using XML. ReadSoft, a company that produces invoicing software, has claimed that it has managed to create a breakthrough with its latest e-invoicing software, INVOICES 5-7. The company has claimed that its latest software has feature sets that will allow companies to integrate the e-invoicing system more easily, and also increase the automation rates through automated invoicing systems.
Invoice Format and Type Will Not Affect the Processing
One of the issues in the earlier ReadSoft and other companies’ XML based e-invoicing system was that, the automation was hindered by the format and type of the invoice that was inbound or outbound. But with the latest system that ReadSoft has developed, there are no such issues. The advantage of INVOICES 5-7 is that it will validate all the data on the incoming invoices, irrespective of the type, format, or the source that the invoice belongs to. Hence, all the emailed and faxed invoices, PDF, image, and XML formats, can be processed in the same way a company would process the paper invoices. Therefore, there is no delay or hindrance on the processing front.
Potential for Tremendous Savings
If you are wondering how this might help companies, the product manager of ReadSoft, Katarina Anderson, shed some light on this topic. She said that the new processing technology can help companies in making substantial savings. She added that companies that especially receive a large volume of invoices feel the difference that their new e-invoicing system can make to the overall process. She quoted an example, which showed that a company with approximately 5000 suppliers has the potential to save up to $1.5 million, if they choose ReadSoft’s new product.
Please Share This Knowledge With Others!