in electronic unstructured form (for example, in the form of Word, Excel, or PDF file) and
structured electronic invoice for payment
from a strict technical point of view, only a "structured electronic invoice" can be considered a "complete electronic invoice".
Benefits of electronic invoices for business:
Optimization of accounting and financial processes
Reducing the routine burden on managers and/or accounting department
Accelerated workflow through faster processing of invoices for payment
Advantages of electronic invoices compared to paper ones:
e-invoices are easier and cheaper to process
cost and time savings by removing paper and manual processing from invoicing (invoice treatment)
after checkout, the electronic invoice can be delivered to the client in real time
an electronic invoice can be entered directly into the payment and accounting systems of the company
lower costs of printing on paper and postage
electronic invoices can be stored centrally in a database
lower costs of storing invoices for payment (archives)
reduction the costs of turnover of invoices for payment, including training and maintenance of personnel
Potential barriers to e-invoicing:
It is difficult to use e-invoices in cross-border transactions, as the legislation and level of infrastructure in different countries can vary significantly, including the acceptability of e-invoices from a legal, Financial and administrative point of view
Some users have the potential to be concerned about the security of e-Invoicing systems
Advanced functionality for business. Capabilities:
