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E Invoice

oboloo Glossary

E Invoice

The official definition of an E Invoice is an electronic document used to represent a traditional paper invoice. It is designed to streamline the invoice process by providing an easy-to-use and secure platform to track invoice data and automate paperwork. E Invoices are typically sent to a buyer by a supplier, and they contain information such as the supplier’s name, the buyer’s name, the goods or services being purchased, the cost, payment terms, and due date. An E Invoice is often generated automatically by the supplier’s system and sent to the buyer’s accounting software. This helps to automate the invoice process and eliminate manual data entry, freeing up time and resources. Compared to paper invoices, E Invoices can be sent more quickly and securely, reducing the risk of lost or stolen invoices. They also make it

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