About E-Invoicing And Why You Need It

Posted by admin on December 22, 2014 under Tips | Comments are off for this article

E-Invoicing is not less revolutionary than e-mail although not many suppliers and online vendors take yet advantage of it. Simply spoken, e-invoices can save you a lot of time and money.

There are many suppliers today which may well use all the latest tech when it comes to ordering and mailing their goods, yet, their invoices are still the same PDF files that get printed out on paper and will then be mailed. On the other end, the receiver of the invoice will have to manually enter the invoice data into their systems to process them. A lot of time is wasted by doing this.

e-invoice-benefits

Electronic invoicing has the advantage that it can make use of the very same PDF invoices that many suppliers use. Rather than mailing the invoice on paper or just adding it to a shipment, the invoice is emailed to a cloud-based electronic invoice service.

The e-invoice provider service is digitally reading the invoice and dispatches the information it to the receiver. On the receiver’s end, the digital invoice can immediately be automatically processed.

Advantages for the supplier are that they can immediately switch to e-invoices since it doesn’t require any change in their current process. Most immediate steps that were previously required to send and receive invoices are not needed any longer. Creating, receiving and having processed an invoice can happen in a minute or less as compared to several days when an invoice had to be sent via mail.

If you’re interested in switching to electronic invoicing I recommend you see the Cloud Trade Network for the latest e-invoice information and the many benefits it will have for your business.

 

Sellers Suffering From Recent ‘1p Glitch’ On Amazon

Posted by admin on December 21, 2014 under News | Comments are off for this article

Amazon_co_ukA glitch on Amazon this past week lead to that many items, from clothing to toys, mattresses or home accessories be listed for only 1p.

The reason for this had been a glitch in the 3rd party online vendor system RepricerExpress.

What was welcomed by many shoppers who boasted about their incredible 1p deals on various social media such as twitter or facebook turned out a nightmare for many online vendors.

While Amazon stated that many of the orders had immediately cancelled after the glitch was discovered, several vendors suffered immense financial losses because of the error. Some of the vendors on Amazon reported losses in excess of £30,000 within just an hour. One vendor reported losing more than £100,000.