When you’re implementing e-invoicing, onboarding your suppliers is critical. But if you put yourself in the mind of your suppliers, they’re probably thinking:
There are a few points that can put your suppliers’ minds at ease. Here are a few:
E-invoicing is designed to be simple. Suppliers just need to raise an invoice in their software as usual, some may need to press a different button, but once that’s done, it’ll go directly to their customer’s software. There’s no need to download any PDFs, email them, or anything like that. It’s like magic.
If your suppliers can’t integrate with their invoicing software, they can look for low cost or even free web portal solution. This is particularly important for your smaller suppliers who are looking for a cost-effective way to send you e-invoices. Colladium is one option for this group of suppliers – it’s a web portal where they can login and send e-invoices for free.
Cash flow is key for any business particularly smaller suppliers. Turn your e-invoicing efficiencies into an incentive for your suppliers by providing faster payments when they send e-invoices.
If your suppliers start sending e-invoices the chance of errors are reduced. Why’s that important? Well, it means that you’ll have fewer disputes, improving supplier relationships.
Manual, paper-based trading is outdated and inefficient. Some of your suppliers may be considering a move to more digital solutions. E-invoicing is a great way for suppliers to get started on their digital transformation.
The process for onboarding can be a bit overwhelming for your suppliers. Here are some ways to keep them at ease:
The best ways to get your suppliers onboarded is to not just think about the benefits for yourself, but the benefits for your suppliers too. The best way to convince your suppliers is to promote the benefits:
If you’re interested in learning more about onboarding suppliers to e-invoicing, get in touch with our team.
