Electronic invoicing is a key tool to boost the competitiveness of companies. Not only does it help lead to better accounting, but also, in the conjuncture of the COVID-19 pandemic, it has become an ally in driving digital transformation, according to Kenneth Bengtsson, CEO of Efact.
According to the expert, in different countries of the world, the ministries of Economy or Production led the effort to massify electronic invoicing and other business documents with the aim of directing optimal tax collection. However, in Peru, less than 5% of all documents has been digitized, such as invoices, credit notes, debit notes and referral guides.
CAN SEE
The competitive advantages of having the digitization of the electronic invoice would bring big benefits to companies, so Bengtsson considered three:
1. Cost savings
The expenses generated by the decrease in processing from transportation to human costs and storage they are advantages for companies. There are also others linked to the use of the platform and the reduction of processing cycles.
2. Business Intelligence
Electronic invoicing gives useful information about the business. A proper use of this data offers business opportunities that can help to have a better operation in the company. On the other hand, in a crisis scenario, such as a pandemic, it can provide adequate solutions to the crisis.
3. Improve operation
The information obtained from electronic invoicing serves as administrative guide to make improvements and corrections in production and commercial processes. This type of data allows efficiency in budget management and directs the offer towards a target audience that responds to the company’s goals.
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Kingston is an accomplished author and journalist, known for his in-depth and engaging writing on sports. He currently works as a writer at 247 News Agency, where he has established himself as a respected voice in the sports industry.
