Advantages of electronic invoices

In practice, invoices for payment can be

• in printed form
• 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:

• Reducing the routine burden on managers and/or accounting department

• Accelerated workflow through faster processing of invoices for payment

• Saving time tracking late payments

• Improved reconciliation of invoices and payments made

• More opportunities for trade discounts

• Exclusion of fraud related to "substitution" of one or more "Elements of an invoice for payment"

• Security improvement:

  • "Checking the validity of an invoice for payment"
  • notify management of invoices for payment exceeding "Certain threshold"

• Improving relationships with customers, and in case of errors, their quick troubleshooting

As a result, optimization of accounting, financial and business processes, as well as saving of company resources.

Advantages of e-Cont.md

• Sending invoices to clients (payers) in various ways

  • within the e-Cont.md system
  • by email
  • via API to the payer's accounting system

• Integration with external systems:

  • 1С, Bitrix24, AMO CRM, Zoho Invoice

• Convenient file import/export options

  • list of payers, list of invoices, list of payments
  • including batch files (automation of routine actions of a user).

• User-friendly client interface (UX/UI)

• Availability of convenient guides for users and developers

• Personal account of User with wide functionality

  • Reporting in various sections

• Flexible tariff plans and the ability to change them online

• Trilingual interface: Ro, Ru, En

• Expanded database on legal entities of Moldova:

  • companies (businesses), public organizations and government institutions

Benefits for users

• Benefits for Suppliers/Sellers

• Benefits for Buyers/Payers

• Benefits for Managers/Employees of the company

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

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Advanced functionality for business. Capabilities:

• Process automation:

  • The general principles of Commercial Accounts Receivable Automation are described HERE.

  • The general principles of Accounts Payable (Trade/Commercial liabilities) Automation are described HERE.

• Organization of a specialized platform based on 1C: 8 for a SINGLE accounting for receiving payments of the type

  • B2B (bank transfer from the company) and

  • B2C (online payments, mainly for individuals)

• Integration of ONLINE payments into the business processes of the company or into the structure of the corporate website:

  • General information on accepting online payments