E-Invoicing (also referred to as electronic invoicing) is a form of the digital invoicing system or electronic billing, which enables trading partners, suppliers, and customers to streamline their invoice processing performance.
E-Invoicing is a common B2B or B2C practice where suppliers and buyers are involved in the invoice document exchange. Unlike the traditional approach that includes paperwork-based tasks, a digital invoice provides an error-free environment with improved compliance and accelerated approvals.
An electronic invoice should mandatorily have important supplier data in a format, which can be easily integrated into the buyer’s account payable system. The documents and data referred here include debit and credit notes, purchase orders, remittance slips, and payment terms and conditions.
Businesses that use the automated process and follow e-invoice formats save up to 50-70 percent more than what you acquired through the traditional (paper-based) processes.
The main perks of adopting automated e-invoicing processes are that you save cost and time. You no longer have to follow the lengthy processing norm. This automated process offers you increased quality and clarity.
You can enjoy a better business relationship with your customers and vendors through e-invoicing. There are fewer instances of lost invoices, better discounts, and improved cash management.
A noteworthy initiative to ensure internal and external compliance based on all the business and legal norms.
Our comprehensive local knowledge helps us to keep you updated with the constantly evolving regulatory atmosphere.
Recognize all arenas required for fiscal compliance. Map all of them based on the correct XML schema suggested by the local tax administration.
Track rejection notices and invoice notices, view attachments in PDF and XML formats, and view audit trails. A single platform to view invoices and report status. Your team can now monitor approved and rejected invoices and also reduce risks and errors.
A uniform platform to organize accounts payable and accounts receivable invoicing. It allows you to stay compliant with both processes- submit, validate, and receive invoices to clients and suppliers.
Optimal use of AR and AP processes assure compliant VAT reporting.
Assure that certified authorities approve invoices through digital certificates. They must be accredited by the local tax authorities.
Assure smooth business activities regardless of any government system failure.
Associate with more than 60 tax administrations covering B2B and B2G needs with a secure and certified connection.
Examine received and issued invoices and syntactically validate them. This will ensure the XML document meets the specifications of the local tax authorities’ technical.
Implement a data integration process with the internal system. This will automate the task of issue and receipt of all invoices. Good solution adaptability allows you to drive integration with any ERP.
Generate legal invoices along with logo, signing data, and special barcodes.
A quick and efficient payment helps to improve supplier-buyer relationships. It will help streamline the process as well.
An easy and quick e-invoicing process allows early payments. This means that the supplier can acquire good discounts.
A streamlined e-invoice process allows seamless document exchange with trading partners. There are reduced document mistakes and improved payment cycles.
As compared to traditional paper-based processes, the e-invoicing process is faster. It helps you save 50-70% more than what you acquired through the traditional process.
Our next-generation electronic invoicing system will benefit both the suppliers as well as the buyers. Let’s have a glance at each of them.
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