17. April 2023

Why digital invoice receipt is revolutionising accounting

Digitalisation has revolutionised many industries in recent years and is also making itself increasingly felt in accounting. One of the most important innovations is digital invoice receipt. But what exactly is behind it and what advantages does it offer companies?

It is well known that companies traditionally print out their invoices on paper before entering them manually. In this process, the invoice must first be sorted, filed and then manually entered into the accounting system by an employee. These processes are time-consuming and error-prone. In addition, important information can be lost if paper invoices are lost. Digital invoice receipt automates this process, which ultimately simplifies it. Companies capture their invoices electronically and transfer them directly to the accounting system or a document management system. This eliminates the tedious sorting and filing of paper invoices. The captured data is automatically processed further, which significantly shortens the processing time of invoices and also minimises the susceptibility to errors.

An Efficient Wind in Accounting: The New Era of Digital Invoice Receipts is Worth Watching

Digital invoice receipt offers companies numerous advantages that go far beyond saving paper and postage. For example, it enables greater transparency and control over the entire invoice process. The status of an invoice can be viewed at any time, which ensures faster processing. In addition, better cooperation between departments is made possible, as the information is centralised and accessible to all.

Another important aspect is the possibility to centrally store all relevant information about an invoice. This means that every company can access all relevant data at any time and, for example, find answers quickly in case of queries. The data can also be used to analyse and optimise the invoice process. Here, a digital document management system can help to digitise and automate the entire process. It not only records the invoices, but can also automatically control the checking, approval and release of invoices. For example, invoices can be automatically forwarded to the responsible person for review if certain criteria are met.

Overall, digital invoice receipt in combination with a document management system offers numerous advantages for companies. Work processes are simplified, processing time is shortened and the susceptibility to errors is minimised. In addition, greater transparency and control over the invoice process is achieved, helping companies to remain competitive and save costs in a highly competitive market environment.

Digital invoice receipt: Why it pays to look ahead

The importance of digital invoice receipt will continue to increase in the coming years. Especially in times when competitive pressure is increasing and digitalisation is playing an increasingly important role in many industries, optimising the invoice process can be a decisive factor for the success of companies. One way to digitalise and automate the invoice process is to work with an experienced service provider. This service provider supports the implementation of a document management system, which enables central storage of all relevant data, and automated invoice processing.

The advantages of digital invoice receipt are obvious: greater transparency and control over the invoice process, faster processing times and a reduction in the susceptibility to errors. With the ability to retrieve and analyse data centrally and at any time, companies can also make their processes more efficient and save costs.

In order to remain competitive in the long term, it is advisable to deal with the topic of digitalisation of the invoicing process today. Companies should be aware of this opportunity and work towards it in a targeted manner in order to optimise their work processes and successfully assert themselves in the tough competitive environment. The future of bookkeeping and accounting undoubtedly lies in digitalisation, and those who adapt to it early on can remain competitive and save costs in the long term.

With Amagno to the digital accounting revolution

Are you looking for a more efficient way to digitise your accounting and make it GoBD-compliant? Then Amagno can support you with your project. Simply send us an email at sales@amagno.de or call us on: 0441 / 309 123 00. Our competent sales team will be happy to show you how you can use Amagno to quickly and easily digitise your documents and manage them in compliance with GoBD.

More information as well as a general overview of the topic of digital invoice receipt can be obtained here.