Electronic Invoicing and Cost Control in Hotel Industry in Akwa Ibom State, Nigeria: A Case Study of Havilla Towers and Hotels Uyo
Keywords:
E-invoicing, Waste, Transaction, Saving, labour, Cost ControlAbstract
A case study on electronic invoicing and cost control in hotel industry in Akwa Ibom State, Nigeria was conducted in Havilla Towers and Hotels Uyo. As drawbacks of time-consuming and error-prone manual invoice processing become increasingly evident, more companies are switching to electronic invoicing as a convenient alternative. A sample of 60 staff members of Havilla Towers and Hotels Uyo, Akwa Ibom State was used. A simple regression analysis technique was used for data analyses. Result shows that a positive e-invoicing has a significant effect on cost control in Havilla Towers and Hotels Uyo, Akwa Ibom State. The research concluded that e-invoicing has a positive effect on cost control in Havilla Towers and Hotels Uyo, Akwa Ibom State. It was recommended that management of hotels should adopt electronic technology involving e-invoicing to reduce the time wasting associated with manual documentation.References
Afolabi, A. (2020). Critical factors for e-procurement adoption in the Nigerian construction industry. Journal of Building Engineering 9(2) 47-53.
Antoun R. A., Kassem S., Harb A.H. and Beana C. (2019). Empirical classification and effect of procurement process on organizational performance outcomes. International Journal of Procurement, Management, 12(1):88.
Brown, D. P. (2022). Procurement contracting: efficiency, renegotiation and performance evaluation. Information Economics and Policy. Journal of Purchasing and Supply Management 3(2), 109-142.
Chang, W. (2017). Empirical study on the effects of public Procurement on the productivity and survivability of small medium enterprises. Case of the Korean Mining and Manufacturing sectors. KDI Journal of Economic Policy, 39 (1):1-18
Cichosz M., Wallenburg C. M. & Knemeyer A. M. (2020). Digital transformation at logistics companies in Nigeria. International Journal of Mechanical Engineering and Technology, 10(3).101-130
Dubla, B. & Krose (2019). Procurement digital transformation continues to realise major cost saving. Journal of Purchasing and Supply Management, 1(7), 23-130
Egbide, B. C. (2019). Cost reduction strategies and the growth of selected Manufacturing Entrepreneurship, 2(2).
Hepp, A.M. & Haubener, A. (2021). The adoption and routinization of digital procurement in the German Construction industry: An empirical study. LFI Working Paper, No 10.
Lawal B.A (2017). Effect of Cost Control and Cost Reduction Techniques in Organisational Performance. International Business and Management, 14(3)19-26
Mustapha, E & Saidu (2021). Prospect of e.Procurement implementation in the federal capital territory, Abuja. International Journal of Environmental Design and Construction Management, 20(4): 39-52.
Obialor. D.C. (2020). Information Technology and Global Supply Chain Management. International Journal of Innovative Research and Development, 9 (8), 214-220
Otundo, G. E. & Martin, A. O. (2021) Cost Control and Profitability of selected Manufacturing Companies in Nigeria. Journal of Accounting and Strategic Finance, 2(1), 14-33
Poel K., Marneffe W. & Vanlaer W. (2016). Assessing the electronic invoicing potential for private sector firms in Belgium. The International Journal of Digital Accounting Research, 1-34.
Premalatha S. (2022). Labour cost control: introduction, meaning and types. https://www.economicsdiscussion.net
Rocha, M. (2022). Policy Forum: How Canada Could Benefit from E-Invoicing for GST/HST Purposes. Canadian Tax Journal, 1 (1), 361-373.
Siddiqui A. A., Abbas M., Idrees M. A., Khan A. & Minhas A. A. (2022). Effects of E-Procurement service providers: barriers, success factors and leading practices. The International Journal of Logistics Management, 31(2).
Subho, F. T. (2022). Promoting Economy: Electronic Reverse Auctions under the EC Directive on Public Procurement and Organization Growth. Journal of Public Procurement, 4(3), 340- 374.
Tiwarri A. K., Marak Z. R., Paul J. & Deshpande A. 2023. Determinants of electronic invoicing technology adoption: Toward managing business information system transformation. Journal of Innovation & Knowledge, 8(3).
Wang, S. & Kern, J. 2022. Digitalization Solutions in the Competitive CEP Industry – Experiences from a Global Player in China. Digital Transformation of Logistics, 97-112.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2024 International Journal of Economic Development Research and Investment (IJEDRI)
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
