Electronic invoicing improves cost reduction for companies

April 15, 2010  |  Electronic Invoicing, Publications

by Jonas Ronngren, Global Product Manager E-Invoicing, SEB
E-invoicing or Electronic invoicing is the process of transferring invoices in a structured EDIFACT or XML format between selling and buying parties. The structured information makes system integration feasible with ERP-systems, ledgers, and workflow systems thereby reducing operational risk and time consumed on incoming and outgoing invoice management.

The Lisbon agenda set forth a number of steps to make EU more competitive than the rest of the world. While the economic development of Europe has been hampered by the PIIGS developments some sectors have shown that they breed best when companies are seeking ways to reduce costs. One of these sectors is e-invoicing. (…)

Read the whole article at www.thebenche.com

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