An Electronic Invoicing System is a computer-based approach to the issuing, tracking, and resolving of invoices. It involves the digitization of paper invoices using software and is designed to eliminate manual processes, reduce costs, and increase accuracy by automating the invoice process. An Electronic Invoicing System can streamline invoicing, reconciliation, payment processing, and associated customer communication activities. This type of system typically captures key data from existing order systems and automates the matching of invoices with customer purchase orders. The ultimate goal of an Electronic Invoicing System is to provide faster payment cycles for vendors and improved visibility into customer orders.