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A Study on Impact of Digital Invoicing on Organizational Efficiency with Reference to Synergy marine Group

Authors:

Umaiyal S1, Muthumani S2, Nachiappan Senthilnathan3
1MBA Student, Department of Management Studies, Jerusalem College of Engineering, Chennai
2Professor and Head of Department of Management Studies, Jerusalem College of Engineering, Chennai
3senior lecturer, University of Technology and Applied Sciences, Sultanate of Oman.
Ph: 096898180217, Email Nachiappan.senthilnathan@utas.edu.om

 

Abstract: This study examines the impact of digital invoicing on Synergy Marine Group, highlighting its role in improving organizational efficiency, accuracy, speed, and cost-effectiveness. By automating the invoicing process, it eliminates manual tasks, reduces human errors, and streamlines financial workflows. The research focuses on how digital invoicing has transformed Synergy Marine Group’s operations, enhancing financial reporting, transparency, and resource allocation. It also explores the maritime industry’s complex billing systems and how digital invoicing accelerates decision-making. Key metrics assessed include invoice processing time, cost reduction, and error rates, with findings showing significant improvements in efficiency and client communication post-implementation.

Key Words: Digital Invoicing, Organizational efficiency, Accuracy, Automation, Cost-effectiveness, Invoice processing time

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