How E-Invoices Can Save You Money

advantages of e-invoiceFor my own business I discovered something recently which I think you might also be interested in if you’re looking for ways to save money. I’m talking about electronic invoicing as opposed to conventional invoices.

For the longest I noticed how my invoicing process always took very long time.

You first need to print your invoices out, then you mail them to your client which normally will take at least a couple of days, and then comes another long wait until your client finally processed and paid your invoice.

If you have a big business, the entire invoicing process may even justify that you hire staff just for this purpose.

Now, with electronic invoicing (or short e invoice) you can forget about all those problems. What you do is you email your invoices instead which obviously means that it will only take a fraction of the time it took previously. You send the invoices to an electronic invoice provider service that will digitize your invoice and dispatch it to your recipient. The beauty of it is that you won’t have to change a lot in your invoicing process nor do you have to buy special equipment. The only difference here is that you send your PDF invoices to the e-invoice service rather than mailing them.

In my opinion, the advantages, the time and money saved many other benefits are definitely worth it! It’s really a must as revolutionary as email is to traditional mail. So if you own a business I can highly recommend that you look into electronic invoicing!

Mail-In Rebates – Yes Or No?

I’d be interested to know what others think about mail-in rebates. On one hand, mail-in rebates are something really nice since you can get often substantial savings with products that come with such a rebate. For instance I bought a memory expansion for my PC two months ago where I was able to save 25% on the price after I mailed in the rebate.

The obvious downside of mail-in rebates:

It can take a VERY long time after you send in the rebate codes until a company honors it and sends you the money. Sometimes it can take two months. The other disadvantage is that you will normally have to cut out the bar codes from your product’s package and then of course you have to go through the hassles to mail them in. This CAN be problem for all those types of products where you plan to sell them later-on since you are forced to sell the product without the original packaging or at least the bar code on it missing.

What do you think?