Ever wondered how to trace the details of a transaction whose receipt you have lost? To keep updated with every transaction more securely and proactively way E-Invoicing has been a great help globally.
Using E-invoicing is one of the best methods for screening, securing, and processing the financial system to meet the transitional needs of trading partners in a digital format.
E-invoicing is also called E-billing, E-Payables, telecommunications billing, etc. An E-Invoice is an invoice that is issued and processed electronically in a digital way by the supplier once the transaction is done and later it is received and processed by the recipient.
Benefits of E-Invoicing:-
- Cheaper than paper invoices.
- Saving both money and time spent on invoicing.
- Quick and Secured Financial Transactions.
- Ease to understand Fraud management and Validation.
- Serving the customers better through optimized search.
- Elimination of pile of invoices.
With frequent developments in online and digital transactions, the role of E-invoicing is being increased, especially among consumers and business communities. Ease to manage the paid and payable accounts in a fast and simple account system can be achieved.
To explore Sumopayroll, Sign up!!