What is e-invoicing?

E-invoicing is the digital exchange of invoices between a buyer and a seller. The entire invoicing process is streamlined by the electronic generation, transmission, receipt, and processing of e-invoices.

E-Invoicing is a type of invoice that is provided electronically to the customer using a pre-arranged structured data exchange. A portion of the accounts payable process may be improved and automated with the use of this electronic document exchange between the buyer and supplier.

E-invoicing eliminates the need for paper-based documentation, reducing costs, minimizing errors, and accelerating payment cycles.