Electronic invoice

The electronic invoice is an electronically generated representation of a tax document, replaces the paper document, bringing many benefits: reduces costs of the billing process, reduces issuing and reception times and contributes to a more sustainable development of the society.

The use of electronic invoices by businesses, especially SMB, means costs savings, excellent productivity and efficiency improvement.

According to the Digital Consortium of the European Union, the issuing costs of an invoice are 2,50€ (printing, handling, envelop and stamp) and the reception ones 1,18€ (handling, reception and data input). With the use of the e-Invoice the total costs of issuing and reception are less than 0,20€, therefore the costs and time spent to manually send an invoice are 15 times higher than those required with the implementation of e-Invoice.

With automated access and delivery of billing information, businesses that already using these solutions and email services are considerably reducing document management times up to 96% and shipping costs up to 80%. With an automated electronic invoice system, each invoice can be processed automatically and sent electronically in real time in addition to all other support documents. Clients can choose how they want to receive their invoices.

Estimated business benefits when implementing electronic billing

• Reduce average collection period (DSO, Days Sales Outstanding) in 3 days.
• Reduce the delivery time of an invoice with many elements from 4 days to 45 minutes.
• Guarantee a 100% reception of invoices.
• Reduce invoice shipping costs by 50%.
• Safe 250 hours a week.
• Reduce payment delays in a minimum of 5 days.