Summary Invoice: What is it?

Summary invoicing, sometimes called consolidated or aggregated invoicing, is the process of combining a customer’s purchases received over a specified period into a single invoice. Conventional invoicing is where individual invoices are generated to collect customer payment for each purchase or order made. However, to simplify the operations for both parties, these individual purchases are grouped to create a single invoice called a Summary invoice.

Why consolidate invoices?
What are the benefits of summary invoicing

1. Single payment for customers helps to streamline invoice processing
2. Improve cash flow by preventing delayed and missed payments
3. Increased productivity
4. Fewer documents to manage
5. Better customer experience