Implications
All invoices printed and posted
A need to keep track of when payments are due
All customers receive invoices the same way
How often to generate invoices – daily or in batches?
Accessibility of customer history records
Manual gathering of information for forecasting/reporting
Risks
Poor cash flow holds business back
More invoices in query
Not using customer’s preferred method of communication
Bulk and batch processing, adding days/weeks to payment schedules
High production and mailing costs for printed invoices
Time-consuming and possibly inaccurate cash flow forecasting and reporting
