The goal of Accounts Receivable Automation is to simplify invoice issuance and distribution. The solution is made possible by integrating the supplier’s finance systems with a business network, allowing your business to distribute invoices electronically, by email or by post with a click of a button.
As a supplier, you can fully digitalize your processing and distribution even if all your customers do not have the same digital capabilities. You issue and handle all invoices in the same way on your end, through your own finance system. Customer needs, whether it be to receive an e-invoice, a PDF or other image file by email, or a paper invoice by post, are saved and attended to by the service provider.
In addition to distribution, the smart business network and invoicing platform can automatically apply content enrichments and digital signatures to meet the requirements of your customers or local tax authorities.
This text was originally published 12 January 2021 and last updated 3 March 2022.