What is e-invoicing
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An e-invoice is an electronically generated and transmitted document, enabling direct information exchange between the buyers’ and suppliers’ accounting systems. This eliminates the necessity to print and send paper-based invoices or email PDF invoices, as well as manually input information into your accounting system. E-invoicing is a future way of doing the business.
Why choose e-invoicing?
Every business receives invoices. Every business has someone responsible for taking data from an invoice and putting in into the accounting system. But not with e-invoicing!
E-invoicing automates the process, delivering invoice information exactly where it needs to go – without the need for email, PDFs or scanning tools. Just like how email has replaced the need for mail, e-invoicing will replace traditional invoicing. Moreover, with the data being stored securely in the cloud there is no need for physical storage.
E-invoicing presents small and medium businesses an opportunity to streamline their AP and AR processes, resulting in:
- Saving the business owner time by removing the manual processes involved in invoicing;
- Reducing costs for the business through the reduction of staff overhead costs.