Electronic Invoicing Definition
An electronic invoice, also known as an e-invoice or ebill, is a type of invoice that is sent and received electronically between businesses. This can be done through email, an online invoicing system, or even text messaging. E-invoices are often used in business-to-business transactions, but can also be used in business-to-consumer transactions as well.
The main benefits of using electronic invoicing are that it can save time and money for both businesses and consumers. For businesses, e-invoicing can automate the invoicing process and help to reduce paper usage and costs. For consumers, e-invoicing can provide a faster and more convenient way to pay bills. In addition, electronic invoicing can help to reduce environmental waste since there is no need to print out paper invoices.
