1. Faster processing times
eInvoicing is much faster than traditional paper-based invoicing. With eInvoicing, invoices can be generated and delivered in a matter of seconds.
This means that your customers can receive their invoices faster, and you can
get paid faster. In addition, eInvoicing eliminates the need for manual data
entry, reducing the risk of errors and speeding up the processing time.
2. Improved accuracy and efficiency
eInvoicing significantly reduces the risk of errors in the invoicing
process. With eInvoicing, data is automatically entered into your accounting
software, eliminating the need for manual data entry. This reduces the risk of
errors, such as incorrect data entry, and ensures that all information is
3. Reduced costs
eInvoicing can also save your business money. Traditional paper-based
invoicing involves the cost of paper, printing, and postage. With e-invoicing,
you can eliminate these costs and save money on postage, printing, and other
related expenses. Additionally, eInvoicing reduces the need for staff to
manually process invoices, which can reduce labour costs.
4. Compliance with Government Regulations
New Zealand, the government has introduced initiatives to encourage the
adoption of eInvoicing. The New Zealand government is committed to ensuring
that businesses can send and receive invoices electronically, and has
introduced a number of measures to support eInvoicing adoption. By adopting
eInvoicing, your business can comply with government regulations and avoid
potential penalties or fines.
5. Improved customer experience
eInvoicing can also improve the customer experience. With eInvoicing,
customers can receive invoices instantly and can pay online, reducing the need
for manual checks and bank transfers. This can help to improve customer
satisfaction and can make it easier for customers to do business with you.
6. Improved security
eInvoicing is more secure than traditional paper-based invoicing. With
eInvoicing, invoices are sent and received securely over the internet,
reducing the risk of lost or stolen invoices. Additionally, eInvoicing
platforms often use encryption to protect data, making it more difficult for
hackers to access sensitive information.
eInvoicing can offer a range of benefits for businesses in New Zealand. From
faster payment processing and improved accuracy, to reduced costs and improved
security, eInvoicing can help streamline your business processes and improve
efficiency. By adopting eInvoicing, your business can also comply with
government regulations and improve customer relationships.
If your business is still using traditional
paper-based invoicing, it is worth considering making the switch to eInvoicing