Which EFH system should I choose?
As your company grows and the number of supplier invoices increases, it's time to invest in a system that automates the process. An EFH system, electronic invoice management, allows several parts of the invoice handling process to be automated and digitized, such as receiving, invoice scanning, invoice interpretation, review, approval, and payment of supplier invoices. Investing in such a system is beneficial for all business owners who want better control, faster workflows, increased accuracy, and reduced manual handling of incoming invoices.
To determine which EFH system suits you best, you need to consider several aspects. First and foremost, and most importantly, is to review the needs your company has. Doing this homework is always worthwhile when investing in new systems. Consider whether you need to integrate the EFH system with other systems, how user-friendly it needs to be, and how automated you want the invoice management process to be.
User-friendliness can be particularly important. Think about who you are and who works for you. The more user-friendly it is, the shorter the training period for employees. It’s also good to think in advance about what type of support you will need.
Take your time to compare the different systems. We at BusinessWith offer a guide with several of the market's EFH systems. Feel free to start comparing!
Are EFH systems scalable?
Yes, many EFH systems are scalable. It’s often easy to get caught up in the current needs of the company, but it’s equally important to look ahead. Scalability is an important aspect to consider. You will place higher demands on the system as you receive more supplier invoices. It is wise from a sustainability perspective to invest in a system that lasts over time, so you won’t have to invest in a new one and retrain staff as you grow.
In addition to receiving more supplier invoices, scalability may mean that you can eventually add more users and more suppliers, as well as integrate the EFH system with other business systems.
Quick Guide
Quick Guide
Why should we invest in an EFH system?
Above all, it’s about saving time and resources. The EFH system automates the processes around supplier invoices and makes work much more efficient.
It’s difficult to give a general answer to when it’s time to start using an EFH system, but if your invoice management is time-consuming and resource-intensive, an EFH system could be a good investment. And remember: Investing in a system can be cost-effective even if the volume of invoices is not extensive. How much time does invoice management take today, and what does a subscription to a system that streamlines it actually cost? This is an important calculation to make.
An EFH system provides better control over invoice management. You can see where the invoices are in the process, which ones are approved, and which ones are paid.
Make sure to thoroughly compare the different systems on the market before deciding which one to invest in. Be sure to read customer reviews, review costs, and request a trial period before committing to a long-term solution. Thanks to the comparison service we have created at BusinessWith, you can start comparing today. Please feel free to contact us if you have any questions.
Description of product features
AI-coding
Automated invoice scanning
Digital invoice approval
Discrepancy management
Matching against purchase orders
Reporting and analysis
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