How to Ease a Cash Crunch with E-invoicing

How would your organization respond if its cash flow is disrupted? 

A cash crunch would threaten the survival of many businesses, regardless of their size or industry. 

Businesses with low cash reserves or unstable revenues are particularly vulnerable to a cash flow disruption.  But even businesses that appear to be on a solid financial footing are not immune to cash flow issues, depending on how long it takes for customer demand and supply chains to rebound. 

The problem is that slow payments and declining sales cut off the cash that organizations need. 

While economic downturns are inevitable, one way for organizations to manage a cash crunch is to rethink the way that they invoice their customers.  Traditional paper-based approaches to invoicing customers create lots of friction that can delay payments and negatively impact cash flow.

IOFM’s latest white paper details the importance of invoicing, the problems with paper invoices, how e-invoicing accelerates cash flow, and strategies for achieving optimum cash flow. 

If you are looking for ways to navigate the economic fallout of COVID-19, this paper is for you.