What is E-Invoicing?

                

E-invoice

E-Invoicing is introduced to encourage business entities to use the internet as a medium of transport for information exchange. E-Invoices are electronically drafted legal invoice documents that could be transported digitally. There are various E-Invoicing methods and technologies available in the market that are known as E-Invoicing systems/ platforms.
Zirius E-Invoicing system supports invoicing to all the European countries ( and Singapur, Australia, etc.., ).

Why use e-invoice?

Most of the businesses are already using some form of softwares to draft and print Invoice documents. The printed Invoice documents are sent through mail and the information in the invoice document is again inputted into a software by the recipient. Most of the world governments and auditing agencies are using softwares for tax calculations and validations of business transactions. E-Invoicing systems facilitates direct software to software transfer of Invoice documents that eliminates the need of the printed invoices document.

It is quick and easy and minimises the risk of errors, as much of the data is entered in advance. You gain better control when you no longer need to sort papers and look through folders. It is also sustainable from an environmental perspective, as no paper printouts are necessary.

Uses of E-Invoicing

E-invoice is Cost-efficient

Delivers documents instantly and saves the cost of transportation.
The risk of making mistakes, losing documents or missing a payment increases when the invoicing includes multiple manual steps. If you instead choose e-invoicing, many of these steps are eliminated and you can save both time and money.
The tedious paper-based invoicing process, from printing to postage, is completely avoided.
Electronic invoicing allows a significant optimization of the resources used for dealing with it, so the business expenses are reduced. The costs incurred when purchasing the electronic invoicing software (electronic transmission costs) is quickly paid off, and it is much less than printed invoices.

Ensured delivery

Reception of invoicing document is acknowledged

Time-saving

Automates your approval process and saves a lot of time from manually feeding data into your system.
Manual invoice management is time consuming and involves several different tasks

E-invoicing Prevent errors

By minimizing manual input and increasing automation, mistakes and typos are reduced. You don’t have to worry about your invoice getting lost in the mail.

E-Invoice information can be extracted by the accounting software and could be processed and visualized digitally.

Makes it easy for submissions to auditing/tax agencies


traditional invoicing involves high costs related to invoice issuing and sending: ink, paper, postage, etc. are avoided with this digital procedure. A similar situation appears when receiving and dealing with e-billing: mail handling costs, reviewing, data entering, recording, etc.

Eliminates manual work – boosting productivity

The recipient in turn is relieved from manually processing the received invoice, as the invoice data can be automatically transferred to the ERP/accounting system.Directly upload E-Invoice documents from your software to the agency’s system.

E-Invoicing uses automated and intelligent procedures, reaching better results than manual ones, as well as enabling a significant saving of the time dedicated to them (around 70%).

Faster payments

The e-invoice can be at the customer pronto. Also, it demands less effort and time effort to pay an electronic invoice. Because of that, the customer will most likely pay faster.

Increased productivity

E-invoices are quickly accessible
Know when an invoice has been sent, viewed, and paid when using e-invoicing software. You will know for sure that the invoice is sent and received. Depending on the service provider, you can also see when the invoice has been viewed by the customer.

Far from heavy folders containing tons of paper, digital documents allow for a quick access with a greater safety level.

keep track of invoices

Know when an invoice has been sent, viewed, and paid when using e-invoicing software. You will know for sure that the invoice is sent and received. Depending on the service provider, you can also see when the invoice has been viewed by the customer.

Secure