It’s Time for E-Invoicing!

Posted in Business Tips, Our Blog

E- Invoicing is the electronic transfer of invoicing information (billing and payment) between business partners (supplier and buyers).

The introduction of e-invoicing can help a company in reducing costs, increasing efficiency and benefiting from competitive advantages.

E-invoicing reduces unnecessary manual work, leads to greater efficiency and control, improved security, shorter credit periods and reduced environmental impact.

E-invoicing does not change the invoice process but simply reduces unnecessary tasks, saves time and money and streamlines the business process.

By introducing an e-invoicing solution you can achieve saving of between 40%-50% on invoice processing costs.

The EU have issued a directive which aims to increase the use of electronic invoicing and to reduce the regulatory burden on business by treating paper and electronic invoices equally.

 

See Also:   Xero

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