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The Invoice Lifecycle Blog

An Post Strike Suspended?

Finbarr McCarthy on 06-Oct-2015 08:48:32

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It was announced last night that the Communication Workers Union has suspended industrial action at IO Systems and the postal service will begin returning to normal today.  However is it too early yet to put away the contingency plans?

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An Post Strike - resolution in hours or days?

Finbarr McCarthy on 05-Oct-2015 14:02:31

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The Minister for Communications Alex White said on the RTE News at One today that the parties in the dispute affecting An Post need to come together to resolve the issue within hours or days.

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An Post Strike - month end invoicing

Finbarr McCarthy on 05-Oct-2015 11:46:15

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The strike at An Post has potentially serious implications for business, particularly as it is occurring at month end, a period at which many businesses traditionally send invoices to their customers.

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Why You Shouldn't Be Printing Invoices Anymore

Many businesses have updated and improved their invoicing process by sending invoices electronically.

However, the majority of invoice recipients still process them as if they had been delivered through the postal service.  In recent research, we discovered that over 90% of businesses that receive invoices electronically print them and process them manually.

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7 Steps to Improving Your Accounts Payable Process

The efficiency of accounts payable processes can be improved through the use of technology.  Here are 7 areas where the significant improvements can be made:

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5 Myths of E-Invoicing

Finbarr McCarthy on 02-Jul-2015 10:12:00

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It is safe to say that there are many myths about E-Invoicing. Many companies believe they are using E-Invoicing when, in fact, they are simply just sending pdf invoices by email, which is not E-Invoicing. 

Below we dispel 5 myths you may have believed. 

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The True Cost of Invoicing

Finbarr McCarthy on 09-Jun-2015 13:08:00

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Trying to determine the cost of the customer invoicing process is actually much more difficult than you might think. This is due to the fact that most of us don’t consider all of the related costs. The majority of estimates simply add some basic indirect costs onto the obvious direct costs. However, there are many more factors at play when calculating the true cost of invoicing.

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8 Steps to Minimising DSO

Finbarr McCarthy on 13-May-2015 12:04:00

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DSO or Days Sales Outstanding, is the length of time it takes customers to pay their invoices. Most organisations that extend credit to their customers strive to keep their DSO as low as possible.


These are our suggestions for minimising DSO based on our experience across multiple countries and based on discussions with other experts in the field.

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Are Credit Terms Meaningful? [Infographic]

Finbarr McCarthy on 22-Apr-2015 16:05:00

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A large number of respondents set credit terms to credit days, but as you can see from the infographic, only 31% get paid within that time.

So the question becomes, why state 30 days when it takes longer to actually get paid?

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Achieve Your Credit Management Goals in 2015

What goals have you set for yourself and your credit function to achieve in 2015?  Are you on still on track to achieve them or has the pressure of day-to-day activity meant that they have taken a back seat and are not your primary focus?

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