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Empowering Finance in Leading
a Compliant Business
Leverage E-invoicing to boost operational
efficiency and improve cash flow
The Philippines has taken considerable strides in optimizing and modernizing the accounting and invoicing practices in the Philippines. In accordance to the TRAIN Law, The Bureau of Internal Revenue (BIR) is aiming to implement the e-invoicing system that can transform what has traditionally been a labor-intensive process for many businesses. By automating invoice creation and processing, companies can boost operating efficiency, reduce errors and improve cash flow. As the first phase has already begun last July 2022, companies might need an e-invoicing solution that can maximize operational efficiencies by automating financial processes while remaining compliant.
NetSuite’s Invoice Management Feature helps companies automatically process invoices they receive from their suppliers. When a purchase order, receipt and bill have been entered or received electronically, NetSuite executes a three-way match to correlate the documents for approval.