6November 2018Copyright © 2018 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.NOVEMBER - 15 - 2018Managing EditorSarah DawsonEditorial StaffAaron Pierce Ann BennisAshik JainJoshua ParkerVisualizerJeevan JyothiBilling and Invoicing SpecialSales*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffEditor's NoteSarah DawsonManaging Editoreditor@cfotechoutlook.comThe Electronic Invoicing and Billing RevolutionAndrew Smith andrew@cfotechoutlook.com Gone are the days of the time-consuming and costly way of sending paper invoices and bills with the introduction of easy-to-use and convenient online invoicing and billing tools. E-invoicing and e-billing continue to rise in popularity around the world and are revolutionizing the way payments are made and received.An integral part of the electronic invoicing and billing process is automation. Reminders for late payments and payment due dates can be sent out automatically, helping everyone to stay on track with payment schedules. By automating these manual responsibilities, staff can spend less time working on the invoicing and billing processes and more time focusing on other important tasks, enabling companies to save time and money. Moreover, as businesses start to implement blockchain technology, it will allow them to streamline the invoicing and billing process by keeping a record of all transactions. By eliminating the need for additional resources and third-party interactions, blockchain is set to make cash flow management smoother at all phases of the invoicing and billing process. Modern SaaS-based invoicing and billing solutions let companies access records and pivotal information from anywhere in the world through the Internet. Furthermore, invoicing and billing using cloud services will allow users to receive real-time updates and take immediate actions. Naturally, the options for cloud-based invoicing and billing will cross over into mobile applications. This will lead to invoicing and billing via mobile devices becoming a standard requirement for customers and clients.Generally, it takes an average of 72 days for most small business owners to receive payment. E-invoicing and e-billing can reduce the time of the invoicing and billing process significantly, cutting the time frame to a day at most. Due to the increase in speed and accuracy, customer interactions and B2B payments will occur more frequently in real-time. The future of invoicing and billing solutions includes more aesthetic, holistic, and customized services for buyers and suppliers. This special edition features innovative solution providers and articles from industry experts in the invoicing and billing solutions space to help you make informed decisions for your enterprise.Let us know your thoughts. Contact Us:Phone:510-565-7614Fax:510-894-8405Email:sales@cfotechoutlook.comeditor@cfotechoutlook.commarketing@cfotechoutlook.com November - 15 - 2018, Vol 04-07 Published by ValleyMedia, Inc. To subscribe to CFO Tech OutlookVisit www.cfotechoutlook.com
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