Exchange of e-invoices between companies is growing rapidly

October 21, 2010  |  Electronic Invoicing

Estonian Post, number of companies who have perceived the positive effect of transmitting and receiving invoices electronically is growing. 800 enterprises have joined with Estonian Post E-Invoicing Centre.

“Keyword is convenience of the solution and simplicity of the joining procedure. It takes 5 minutes over the web for the company to start sending and receiving invoices electronically. E-Invoicing Centre Ltd has become Estonian´s largest service provider in B2B customer segment,” said Head on Infologistics division Toomas Türk.

Manager of E-Invoicing Centre Ltd Margus Tammeraja said that the underlying for rapid growth is wide range of service packages and reasonable pricing. According to package the solution is beneficial for both – one man companies and also big enterprises:”E-Invoicing Centre solution is used among others by Estonian Post, public schools, Kuresaare, Saue and Jõgeva municipalities. State authorities are seriously considering to send and receive  more actively e-invoices in order to increase efficiency.”

E -invoice is not a PDF invoice sent by e-mail but the XML-bill that is conforming to a standard set by Estonian Banking Association, which can be handled electronically by the recipient, for example to direct to approval process and to import into accounting programme.

E-Invoicing Centre Ltd is a subsidiary of Estonian Post. The shareholders are AS Webmedia and E-Bookkeeping OÜ.

Source: Estonian Post

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