Electronic Invoices, or e-invoices, are digital versions of the traditional paper invoices used to record financial transactions between two businesses. An electronic invoice is a secure, encrypted document that contains information about the transaction such as the date, the parties involved, and payment details. Electronic invoices are efficient, cost-effective, and ensure accuracy in billing process by centrally storing all data and documents related to the transaction. Additionally, they enable faster payments by providing real-time access to invoices without any manual intervention.