Digital invoices

What is an electronic invoice?

An electronic or digital invoice is an invoice (in the form of a digital file) that must contain all the data from the supplier in such a way that it can be entered (integrated) into the buyer's administration without entering data.

Electronic invoicing (e-invoicing) is the exchange of an invoice between a supplier and a buyer in an integrated electronic format. As with any heavy paper-based process, billing is manual intensive and prone to human error, resulting in increased costs for processing of the business life cycle.

Electronic invoicing is a common B2B practice and has been part of electronic data interchange transactions for many years. Perhaps surprisingly, many financial leaders are unaware that their company is already sending / receiving EDI electronic invoices.

As this allows a number of formats, you can distinguish them using the following guidelines:

While significant cost and time savings can be achieved by removing paper and manually processing your invoices, the real benefits of e-invoicing are the level of integration between you and your business partners and between your invoicing software and other business systems. .