What is e-invoicing?
E-invoicing (short for “electronic invoicing”) is the digital process of creating, sending, receiving and processing invoices between businesses (B2B) or between businesses and government entities (B2G). This new electronic method replaces the traditional paper-based or digital invoicing system with a structured electronic format, opening the door to innovation with technology and automation.
E-invoicing is becoming increasingly popular worldwide due to its numerous advantages, including efficiency, accuracy, transparency and enhanced security. A growing number of governments are mandating or incentivising businesses to switch to electronic invoicing methods, both to promote digitalisation and combat tax evasion.