Ever heard of buyers asking their suppliers for more structured invoice data? The debate about how to get suppliers to send e-invoices has been loud and clear for the past decade, at least from the buyer side. The benefits are clear on the buyer side but what about the supplier side? When the buyer side are looking to extend DPO (Days Payable Outstanding), the supplier side want to decrease DSO (Days Sales Outstanding) but at the same time keep customers happy. Sending e-invoices have to a large extent been more about the latter than the former. In this interview Sylvana Carrick at Ecolab give her advice from a supplier point of view.
Her advice include:
- Identify stakeholders
- Oversee mandatory legal requirements
- Get control over master data
- Learn about buyers validation requirements
- Check iDoc information
- Prepare before programming the file
- Look into additional charges/discounts
- Test scenarios
- Set up internal training
Watch the interview below for more details.