pamboa incoming invoices offers an economical introduction
to electronic account auditing. The standard functionality
already offers a safe, consistent and legally compliant
processing of invoices. The short learning curve for
users and administrators ensures fast productivity
within three days.
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The results of the monthly and quarterly financial statements,
together with the accounts receivables, reflect the economic
situation in the company at a given instant and are very
important for liquidity planning. Timely account statements
are often defined by law. Companies operating on the capital
market are required to punctually report this information as
it may impact stock prices.
A deferred auditing of accounts will also lead to losing
painstakingly negotiated payment targets. A German survey
reveals, for example, that around 25% of all invoices are paid
late, causing a cash discount loss directly affecting income of
up to 0.5% of the total purchasing volume. |