EInvoices - Tool that can save your business time and money!

Today, more than ever before, the phrase “Time is money” represents the universal business model, regardless of the size of a company. Every business person is aware of that and they are constantly looking for new ways to provide better, faster, and more efficient services. If you provide any type of service that is charged, an invoice is required. Traditional invoices are detailed and prone to human mistakes that companies cannot allow. 

With every year, paper is being replaced with digital versions of everything. There is a simple and modern way to do all the invoicing electronically, and by doing that, you save time, money, and even the environment.

Have you heard of eInvoicing and are you ready to implement it? 

As technology advances, there's a growing emphasis on eco-friendly practices in business. With this shift, companies are looking for digital invoices that are easy to process automatically. The key is making sure these eInvoices can be read and understood by different systems, highlighting the need for standard formats.

An electronic invoice allows invoices to be exchanged without media disruption. These can be used for the exchange of invoices between companies, customers and authorities. They enable the structured exchange of data between the biller and recipient. Besides the already mentioned automatic processing of the invoices, the e-invoices must be issued, transmitted, and received in a structured electronic way (e.g. machine-readable XML data record). An invoice that is only sent electronically - for example, an invoice that is attached to an email as a PDF and contains only unstructured data can’t be automatized easily, therefore is not understood as an electronic invoice.

An electronic invoice allows invoices to be exchanged without media disruption. These can be used for the exchange of invoices between companies, customers and authorities. They enable the structured exchange of data between the biller and recipient. Besides the already mentioned automatic processing of the invoices, the e-invoices must be issued, transmitted, and received in a structured electronic way (e.g. machine-readable XML data record). An invoice that is only sent electronically - for example, an invoice that is attached to an email as a PDF and contains only unstructured data can’t be automatized easily, therefore is not understood as an electronic invoice.

The push for eInvoicing in the United States has been influenced by industry trends and the increasing demand for streamlined business processes. As businesses recognize the potential benefits, it's anticipated that a substantial shift towards electronic invoicing will shape the economic landscape. However, many companies, even today, continue to utilize traditional paper-based invoicing methods. Adopting eInvoicing can significantly benefit businesses of varying scales. For small enterprises, it simplifies accounting, making it more approachable. Meanwhile, larger corporations can leverage eInvoicing for notable time and cost savings. The momentum behind eInvoicing in the U.S. highlights its vast potential in modern business operations.

At cierra, we’re constantly working on developing cross-platform solutions based on the latest technology and common standards, and therefore, we’re encouraging all businesses to digitize their products and services. Digitalization is the future, and eInvoices represents one of the best examples of future actions that companies are implementing. If you would like to consult a professional about this topic, and consider digitizing your business, feel free to write us at vittorio@cierra.io or call us on (848) 229 9934.

Check our case studies, and discover businesses that we’ve helped digitize.