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Late payment in the construction industry has always been a problem but it appears that the situation has become worse following the coronavirus pandemic. In a survey carried out by Lloyds Bank...
The nature of construction means that the processing of invoices is a major issue for businesses. The manual processing of hundreds or thousands of...
E-invoicing is significantly improving processes in construction accounts payable departments. Let’s see how.
The construction industry is capable of incredible things, but companies in the sector often find themselves hamstrung by laborious administrative tasks.
Since the start of 2021, businesses within the construction sector have been dealing with reforms to the Prompt Payment Code.
Despite the significant time, money and resource savings they can deliver, some businesses still allow misconceptions to hold them back from embracing true e-Invoicing platforms.
So, you’ve decided to transform the way you receive, validate and pay invoices by digitising your processes? Firstly, congratulations! Now take stock before you go to market for your provider.
Today the need to eliminate inefficiencies associated with manual data entry and to reduce both supplier payment queries and manual invoice statement reconciliations is more important than ever....
These days, it seems like everyone has a different perspective as to what an e-invoice really is. According to the Cambridge Dictionary, an e-invoice is "an invoice that is sent electronically over...
Dartford-based OCO Ltd is a specialist mechanical and electrical contractor.
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