The “electronic invoice” or “e-invoice” is not necessarily a new concept, but there is still some confusion surrounding what exactly falls into this definition. Here we answer some questions regarding the term and look at the benefits of e-invoicing compared to other commonly used invoice types.
What is an e-invoice?
An electronic invoice (e-invoice) is an invoice that is issued, transmitted, received, processed and stored electronically using specific document formats. E-invoices are digital throughout the entire document life cycle, from issuance to archiving.E-invoicing can help replace manual tasks with automated business rules and actions to increase efficiency, minimise error handling, and help businesses comply with e-invoicing legislation.
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