About Accsys Consulting

Accsys Consulting is a Canberra based company established in 1992 to provide specialist financial management and information technology consulting services to public and private sector organisations.

We assist clients to develop their customer relationship management (CRM), enterprise resource planning (ERP) and financial management information systems (FMIS), utilising personnel extensively experienced in the implementation and support of Sage Intacct, Sage 300 and Sage CRM.

The directors and staff of Accsys Consulting have been implementing and supporting Sage 300 and CRM for over 20 years.

We have the capacity to assist clients prepare financial statements, liaise with auditors and review grant acquittal statements, utilising personnel who are Chartered Accountants.

We have built our reputation on providing our clients with effective solutions, rapid implementation, and dependable service.

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How e-invoicing can assist to reduce costs and lift productivity

How e-invoicing can assist to reduce costs and lift productivity

Gone are the days when invoicing meant lots of paperwork and many hours spent entering data. Advances in digital tech have ushered in the era of e-invoicing, which enables businesses to send invoices directly from one organisation’s financial systems to another.  The move to e-invoicing has been happening for some time, Simeon Duncan, Intuit’s senior manager of International Corporate Affairs.

Advantages of e-invoicing

A key plus of e-invoicing is not having to manually handle invoices, which slashes the processing time. There is no need to manually scan or rekey invoices into financial systems, chase missing information on paper files or make corrections.

“Despite the advances of the digital era, a lot of business process still involves friction – particularly an antiquated process such as keying in invoices,” Duncan explains.

“So, the electronic invoices are all about that automated exchange of invoice information directly from the buyer to the suppliers’ account systems. It reduces the time taken to enter data, but also the receiver can see in their system what invoices have been received, check the line items, and add them into the system for payment to remove that friction.”

Beefed-up security

Another advantage of going electronic is increased security for payers. While manual invoicing leaves organisations exposed to the risk of paying fraudulent invoices, Duncan says e-invoicing has built-in checks and balances to mitigate threats from criminal actors.

“E-invoicing significantly reduces the risk of paying fraudulent invoices because all Australian businesses using the Pan-European Public Procurement Online (PEPPOL) network are registered and identified using their ABN. This is important for all organisations given the high cost associated with fraud.”

Read more at Acuity magazine November 2021

Find out more about the savings that e-invoice can provide to your business.

Contact us to find out how you can add e-invoicing to Sage 300

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