Electronic invoicing or e-invoicing is the exchange of invoices between a seller and customer in an electronic format.
Electronic invoicing can make the payment process easier. There are software packages available which electronically record core customer details, generate and send invoices and send automatic reminder notices when payment is due.
In some cases, suppliers can issue invoices using their customer’s e-invoicing software, but they may need to pay a fee. It’s worth considering any cost against the benefit of being paid on time.
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