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invoicing |
Also found in: Legal, Financial, Wikipedia, Hutchinson | 0.07 sec. |
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| In fiscal year 2001, the Department of Defense (DoD) paid $36 million in interest penalties to its vendors, making a clear case for an improved invoicing process with higher data efficiency. With netting, EIPP becomes a powerful global liquidity management tool that streamlines intercompany invoicing and enables large multinationals to overcome the vagaries of local payment infrastructures and practices when billing geographically dispersed customers. In both cases, an obvious link existed between invoicing and the sustainable existence of the enterprise. |
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