What is e-Invoicing?

Electronic invoicing (e-Invoicing) is the process of exchanging invoice documents between a supplier (seller) and a purchaser (buyer) in an electronic format. Traditionally, invoicing is heavily paper-based process and is manually intensive and prone to human error resulting in increased costs and processing life-cycles for companies.

Electronic Invoicing is becoming a common B2B practice and has been part of Electronic Data Interchange transactions for many years. The issue of government compliance seems to have separated e-Invoicing from “business to business” applications, even dough many finance leaders are unaware that their company is already sending/receiving EDI electronic invoices.

E-invoicing (or electronic invoicing) is the delivery of bills and related information by an enterprise to its clients using electronic communications, usually the Internet. E-invoicing is also commonly called e-billing, ePayables, and telecommunications billing.

Numerous companies offer e-invoicing software and services and common methods of e-invoicing include following:

  1. Billing individual clients by e-mail.
  2. Customer service providers allow a business to invoice multiple clients electronically.
  3. Bank aggregators allow consumers and businesses to pay bills by Electronic Funds Transfer (EFT).

Leave a Reply

Your email address will not be published. Required fields are marked *


You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>