Electronic invoicing - e-Invoicing - is electronic transfer of invoicing information i.e billing and payment between business partners (suppliers and buyers).

Why e-Invoicing?

The key benefits of electronic invoicing for SMEs are the improved efficiency through automated invoicing and cost reduction.

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Other benefits

SMEs utilizing electronic invoicing have competitive advantage to have access to a wider market of potential customers and suppliers, in particular with larger companies, who prefer working with e-capable trading partners.

Also, European governments have started to make e-Invoicing mandatory for the public sector. In some countries, all companies who provide goods and services to the public sector will be required to send only electronic invoices.