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Is it really so difficult to trade with small independent suppliers/ self-employed professionals efficiently?

By
Richard Gallacher
January 14, 2020

Is it really so difficult to trade with small independent suppliers/ self-employed professionals efficiently?

In our experience, businesses who deal with small independent suppliers or Self-Employed Professionals (SEPs), ranging from gym instructors to cleaners, and everything in-between, can find it difficult to manage these relationships efficiently.

We recently worked with David Lloyd Leisure clubs who needed a solution to help them exchange orders and invoices more efficiently with their 5000+ self-employed Group Exercise Instructors and Tennis & Swim Coaches. They found that their SEPs lacked the systems capable of processing purchase orders and invoices electronically, which subsequently led to an increased strain on its AP teams who were drowning under heaps of paper and email invoices.

David Lloyd stated that it’s “aim when opening discussions with TrueCommerce was to achieve the entire removal of or at the very least a significant reduction in the amount of paper, email and faxed purchase orders and invoices”.

The TrueCommerce solution was the perfect fit for David Lloyd. Utilising a new web based invoicing portal, designed to be used across mobile/tablets, even the smallest of the businesses 5000+ SEPs can now approve orders and create invoices from anywhere, in a matter of seconds. 

Manual and erroneous invoices can cause a completely separate workflow for AP teams struggling to match invoices to purchase orders and the headache associated with flawed invoicing processes doesn’t stop there, delayed payment to suppliers can sometimes incur penalties and ultimately damages supplier relations. 

For companies like David Lloyd who rely upon the services provided by small independent suppliers and self-employed professionals, streamlining its order to cash processes is a necessity.

If you are interested in how you can easily process every invoice from your all suppliers, no matter their size or technical specifications, follow the link for further information.