Key Metric – Network
Effects
E-invoicing is conversion of manual invoices into electronic
ones. Sending and receiving electronic invoices is great as it saves time and effort
for businesses.
Sending and receiving invoices in the same format, automatic
tracking of receivables and payables, reconciliation, alerts on bad debts etc.
are some of the benefits for users. Hence, for a user to fully enjoy the
benefits, stakeholders in the supply chain should also avail the e-invoicing
option and hence network effects has
a strong role to play.
Secondary Metric – Cost Savings
As
mentioned above as well, electronic invoicing helps businesses save time,
effort and cost and also tends reduce the risk of any errors in the invoicing
process. However, there is an investment which a user must make in terms of
time and effort to switch to the e-invoicing option. The long term cost and time savings will be the major
factor which will push the user to do so.
No comments:
Post a Comment
What do you have to say about this post?