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Education

According to experts at Industry Week, https://bit.
ly/3zKsbKi, the average costs of a paper invoice
can range anywhere from $12 to $30. This in-
cludes the direct costs of materials and the post-
age required to mail the letter. It also consists of
the indirect costs of paying staff to manually in-
put data, send the invoices, follow up with your
customers for payment, and reconcile any issues
with the invoices.

• Greater security, complete transparency: E-in-
voicing can provide your business with greater
security and complete transparency throughout
the invoicing process. They. are delivered and
paid through a secure network that encrypts the
data to prevent fraud, stolen data and identity
theft. In addition, e-invoicing systems can pro-
vide a complete audit trail of all invoices sent,
received and paid. This can help your business
resolve any disputes quickly and efficiently.
• Simplified archiving, record-keeping: E-in-
voicing can simplify archiving and record-keep-
ing processes, reducing the need for massive fil-
ing cabinets and storage space in your facility. E-
invoices are stored electronically, which means
they take up minimal space on your computer,
server or network.
In addition, e-invoicing systems can help you or
your merchants organize and manage invoices
more effectively. Most e-invoicing systems come
with features such as searchable databases and
the ability to sort and filter invoices by date,
customer, amount and more. This can save time
when you're trying to find a specific invoice or
track payments.

• Improved customer satisfaction: E-invoicing
can improve your customer satisfaction by pro-
viding them with a faster, more convenient way
to receive and pay their invoices. In addition, e-
invoicing can help reduce invoice recipients' ac-
counts payable costs by simplifying their invoic-
ing and payment processes.

E-invoicing should be easy to integrate and use.
Look for a common-sense, intuitive execution of this
product. Be picky!

Nicholas Cucci is the co-founder and COO of Fluid Pay LLC. Cucci
is also a graduate of Benedictine University and a member for
the Advisory Board and Anti-Fraud Technology Committee for
the Association of Certified Fraud Examiners, as a Certified Fraud
Examiner himself.. Fluid Pay is the ONLY 100 percent cloud-based
Level 1 PCI Payment Gateway processing transactions anywhere in
the world. Contact Nick at Nick@FluidPay.com.

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