In recent times, electronic invoicing or short E-Invoicing has become increasingly more popular. Seeing the various benefits that electronic invoicing can provide businesses this shouldn’t really be too surprising.
On the other hand, there are still a number of business owners who have never heard of electronic invoicing.
Should this be the case for you, I recommend that you read on.
Simply spoken, E-Invoicing will enable you to make your entire invoicing process a lot easier and faster. You will be able to send and receive invoices over the Internet, without any paperwork, mailing delays or cost for stamps.
In the same way as is the case with electronic mail, you can create, send and receive your invoices online.
E-Invoice is suitable for any type of business, no matter the size or the number of employees. However, professions which rely on mobility can in particular take advantage of electronic invoicing since electronic invoicing grants also more mobility. All you need is a smart phone with Internet access to do your entire invoicing, no matter where you are.
How does electronic invoicing work?
The main difference compared to old-fashioned invoicing is that you will send your invoices to an electronic invoice service provider rather than printing them out and mailing them. The service provider will then convert your invoice and send it off to your recipient. The entire process is easy and streamlined, it doesn’t require any major change in your old process.
Most of today’s electronic invoice service providers only charge minimal fees. This means that there are very little costs if you want to make the switch to e-invoice. Your time and cost savings from using electronic invoices will also outweigh any fees by order of magnitude.