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6 Major Challenges in Paper Invoicing PowerPoint Presentation
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6 Major Challenges in Paper Invoicing

6 Major Challenges in Paper Invoicing

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6 Major Challenges in Paper Invoicing

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  1. Major Challenges PAPER INVOICING 1 ERROR-PRONE PROCEDURES Invoices are usually received through Multiple Channels like SMS, E-mail, courier, fax etc which leads to confusion. There is a human involvement in the bill processing which further can add error in the process.  2 LABOR-INTENSIVE PROCESSES A lot of Time is wasted in Manual checking and preparation of bills. If there is any error in the process, statement need to be made again and the whole procedure of checking repeats. An online invoicing Software singapore will Relive the pain of manual checking and make the process faster.  3 MANAGING THE BILL An online accounting software will manage all the transaction in a proper format. so that you don't need to render. But in Paper billing you have to manage all the billing receipts which can be difficult at a time. 4 INVOICE APPROVALS TIME Getting approval is the major Challange of the Accounts payable person. He has to chase down for approval as there are challenges in invoice printing and mailing.  5 DUPLICATE INVOICES Duplicate payment receipts are the major challenges for any company. These are because of the result of Fraudulent activities and the mistakes which result in cost to the company. 6 INCORRECT DATA InCorrect data is the major hurdle in invoice preparation. This challenge can be negated by using high Efficient Payment system.  which is reliable and Safe for data gathering and sorting.  Fonbell Solution