CloudTrade, the leading provider of cloud based e-invoicing services, today announced that its e-invoicing solution has been selected to be part of Capita Integrated Business Solutions’ (Capita) transformational partnership programme to help drive efficiency savings across the public sector.
CloudTrade’s hosted e-invoicing solution will speed-up the processing of customer invoices, at the same time as helping organisations to go paper-free and remain compliant with Government late payment legislation.
Richard Manson, CloudTrade’s co-founder and Commercial Director, says: “CloudTrade offers organisations who rely on manual data entry for their invoices a simple, cloud-based, cost-effective paperless invoicing solution that guarantees high adoption amongst suppliers.
Our solution is easy to integrate into an organisation’s existing financial systems and can actually compliment their manual or automated workflow management processes. CloudTrade’s customers typically see back office savings of over 60% and supplier adoption rates of over 80-90%.”
CloudTrade, working in partnership with Capita, will substantially reduce administration costs and time associated with printing, postage, data entry and document handling by fully automating a customer’s accounts payable (AP) processes.
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Read more about how CloudTrade removes the barriers to high supplier adoption.