Electronic Billing (e-charging) is the transmission of client charging reports, for example, receipts, charging articulations and other related records in an electronic configuration by a business to its clients and other significant gatherings.
Electronic Billing is only one of the terms alluding to this
kind of arrangement. Others incorporate; electronic invoicing, electronic bill
presentment and installment (EBPP), electronic receipt presentment and
installment (EIPP) and additionally e-invoicing.
Lately, there has been colossal acknowledgement by
entrepreneurs to move towards Electronic Billing, paying little respect to
business measure as the expense of engineering has brought down. Numerous
bigger organizations are placing frameworks set up which permit their suppliers
to submit electronic charging reports, on the off chance that where they may
not have an electronic charging arrangement they could call their own.
Benefits Of LSG E-Billing
• Speed up cash flow cycle by getting invoices to customers faster
• Lower invoicing costs along every step of the billing chain
•Reduce mistakes and administration overheads
• Achieve better visibility of cash flow, collections, and invoice approval
• Improve management of the invoicing process from production to distribution to on-going administration
• Reduce paper usage and energy consumption
• Improve relationships and lower administration costs with suppliers
