Electronic Invoicing for Your Business

Businesses that seek ways to cut down on some of their costs and that are looking for ways to work more efficiently should consider electronic invoicing.

The reason for this is that invoicing is often one of those tasks for many businesses that is not only slow and ineffective but that is moreover incurring significant expenses.

Electronic-InvoiceElectronic invoicing can address all the disadvantages associated with the conventional invoice prices.

What are the benefits of electronic invoicing?

The most obvious advantage of electronic invoicing is that it will grant you the ability to send and receive invoices instantly. This alone can be worthwhile for many businesses.

Electronic invoicing can provide you considerably more mobility.You will be able to process your invoices from anywhere as long as you have access to the Internet. Contractors for instance will be able to their invoicing between clients, quickly and conveniently without the need to return to the office.

Easier Management of Your Invoices

Electronic invoicing means that there won’t be any paperwork at any stage of the invoicing process. From the creation to the completion of invoicing, invoices will be in digital format.

Your electronic invoices can be easily accessed and managed from one central location.

The fact that all invoices are digital will in addition reduce the chance of mistakes.

It is not just the cost savings of electronic invoicing along with the significant time savings that make electronic invoicing an attractive alternative for many businesses. The fact that it doesn’t require any major investment on your part is another advantage that speaks for electronic invoicing.

 

 

Small Businesses in the UK at Risk

UK-Business

According to a recent article at The Guardian, a big number of the U.K.’s small businesses are under threat. It is estimated that about 370,000 owners of small businesses in the UK might be shutting down within the next five years. The main reason given for this grim outlook isĀ  the burden of red tape within a jungle of bureaucracy.

Britain’s potential exit from the European Union is another potential threat for businesses, along with the overall global economic slump and the increasing burden of regulation.

Those are all factors that are threatening to drive small firms out of business, according to the recent annual business closure report published by Bizdaq.

According to those latest numbers it could have a big impact on the nation’s economy showed these small businesses cease trading. Today, the average small business in the United Kingdom employers five people. This means that more than 1.8 million jobs in the UK might be jeopardised.

One other study conducted by insurance provider Zurich comes to a similar conclusion. According to the study, business risk in the UK is now at its highest level.

When asked, 50% of their 1000 small business owners in the nation’s that that they are concerned about the current economic climate. Two in five stated that they feel that their business is at more risk they as compared to the previous year. 10% of this await said that they are considering to close shop.