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5 alternative methods for efficiently managing construction invoices

Introduction

Finding the best way for effectively managing construction invoices from multiple suppliers can be a challenge and there are different methods available which vary according to implementation costs, supplier on-boarding, installation time and maintenance.

Whereas larger scale businesses, such as buyers in the construction distribution trade, might prefer automated electronic invoicing systems (e-invoicing), a smaller company might find manual processes more suitable; it all depends on the nature and breadth of a particular business.

But what are the benefits and challenges of the main approaches to managing invoices in the construction supply chain? In this guide, we review 5 ways to manage and process construction supply chain invoices, these being:

  • Manual
  • OCR Scanning
  • XML or EDI invoicing
  • Invoice portal
  • PFD eInvoicing

We consider the ease of installation, the speed of supplier on-boarding, data accuracy, and the costs involved to both you and your suppliers.

Download the full guide here:

We may process your personal information for carefully considered and specific purposes which are in our interests and enable us to enhance the services we provide, but which we believe also benefit our prospects/customers. You can opt out of these communications at any time.

Please see our privacy policy for more information on how we may use your personal data.

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