E-invoicing: overview of electronic invoices

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Why is e-invoicing important?
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• Efficiency and time saving: e-invoicing significantly speeds up the invoicing process. Invoices can be generated, sent and processed automatically, resulting in faster processing. Manual data entry and time-consuming checks are minimized. 
• Cost savings: eliminating paper, printing and postage costs as well as reducing manual labour contribute to significant cost savings. The risk of errors and queries is also reduced. 
• Eco-friendly: E-invoicing reduces paper consumption and minimises the environmental footprint of companies. This contributes to sustainability and environmental protection. 
• Security and accuracy: electronic invoices offer greater security and accuracy compared to paper invoices. Data integrity can be ensured through digital signatures and encryption. 
• Automated workflows: e-invoicing enables integration with automated accounting and ERP systems. This supports seamless workflows and simplifies data capture. 

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E-invoicing vs. PDF invoice
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It is important to note that e-invoicing is not the same as sending a PDF invoice. A PDF invoice is electronic, but the data is contained in static form and may need to be manually transferred to other systems. E-invoices, on the other hand, are structured and can be directly integrated into accounting and ERP systems, greatly increasing efficiency. 

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Conclusion
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E-invoicing is a key step towards the digitalisation of business processes. By creating, sending and processing invoices electronically, businesses can increase efficiency, reduce costs and promote green practices. With Banqup, you can create a digital invoice in less than 60 seconds and instantly deliver it to your customer via their preferred transmission channel. 

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If you have any further questions or are interested in e-invoicing, please do not hesitate to contact us.

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