Consolidated Invoicing
Save on the hidden costs of purchase admin
According to research from invoicing software provider Hiveage, the average cost of raising a purchase order (PO) is anything from £50 to £1000. When your business repeats this process multiple times over a month or week, it can make a serious dent, in the long term.
The most effective way to reduce these admin costs is to switch to monthly invoicing, where you receive just one invoice summarising your purchases at the end of each month.
4 reasons to use consolidated invoicing
Save on hidden costs
The purchasing process often requires multiple people to approve and raise the PO, and check and reconcile the invoice before creating a payment. Accounting for salary/hourly rates of staff plus usual business overheads, it’s not difficult to see how your business is incurring a minimum £50 admin cost, per purchase.
Hassle-free purchasing
Reducing 5, 10, 20+ invoices down to just one prevents your team from endlessly running through repeats of your purchasing process. This eliminates interruptions across the month, leaving you with a more efficient buying journey and more time to spend on that which makes you profitable.
Control project spend
Many of our customers choose to have seperate monthly invoices; one for each project and one for general business spend. This significantly reduces the overall invoicing number to single digits and allows you to track specific project spend quickly and easily. We set up monthly invoicing to suit your needs.
Great for everyone
If you work alone, this process means you can dedicate a single slot of time to deal with the financials each month. If you’re a larger team, you limit interruptions and the need to sign off POs to just once a month. No matter your business size, monthly invoicing saves you valuable time, money and resources.
Chat to us, today
Enquire today and speak to one of our friendly team about your business' requirements. We'd love to know how we can be of service and become an essential part of your purchasing process.
Request a callback here. Or if you simply cannot wait, call us on 01706 649231.