In the first edition of the Side by Side podcast episode, we explored the evolving landscape of electronic invoicing and shared key trends and shifts for driving efficiency and transparency in finance. With insights from Jon Vass, VP Northern Europe, we hear about his experience from both the Accounts Receivable (AR) and Accounts Payable (AP) sides. Our conversation delved into how companies can optimize their e-invoicing processes to enhance cash flow and improve business partnerships.
Here are three key takeaways:
- Transparency and Automation in Finance Jon emphasized the importance of transparency and automation, explaining how these elements reduce errors, eliminate delays, and free up valuable cash flow. It’s about creating a seamless, data-driven interaction between businesses that benefits both parties.
- Efficiency Gains Through Automation Many companies still approach e-invoicing as a back-office process. Jon suggested flipping this perspective by viewing it as a two-way interaction that connects vendors and customers. Automating key steps, such as invoice submission and dispute resolution, can prevent millions in funds from being tied up in disputes and significantly accelerate payment times.
- How Sidetrade Can Help Sidetrade’s AI-powered solutions support finance teams with automated invoicing, predictive analytics, and comprehensive dashboards for tracking and optimizing cash flow. By streamlining manual processes and ensuring compliance with complex customer and government requirements, Sidetrade provides the tools that finance teams need to focus on strategic growth.
Want to dive deeper into the full capabilities of Sidetrade’s e-invoicing solution? Download our e-Invoicing Brochure and watch our podcast to explore more features and discover how Sidetrade’s technology can help reduce DSO, eliminate processing errors, and meet evolving compliance mandates.