What is e-invoicing?

Key principles of e-invoicing:

• Digital format: Invoices are created, sent, and received electronically, eliminating the need for paper-based processes.
• Compliance: E-invoicing helps businesses meet regulatory requirements, such as real-time reporting obligations.
• Automation: Reduces manual data entry and processing errors, ensuring faster and more accurate payments.
• Cost efficiency: Cuts down on administrative costs related to invoicing, such as printing, storage, and postage.
• Integration: Works seamlessly with expense management and accounting systems for better financial oversight.

Example of e-invoicing

A business receives an e-invoice from a travel provider directly into its expense management system. The system automatically verifies the invoice details, processes payment, and archives the invoice for compliance.

The benefits of e-invoicing

• Efficiency- Eliminates manual processing and speeds up approvals.
• Accuracy – Reduces errors and fraud risks in financial transactions.
• Cost savings – Lowers administrative expenses related to invoice handling.
• Compliance – Meets tax and regulatory requirements with secure digital records.

Read about Dutch e-invoicing requirements here.

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