E-invoicing saves time, paper, shipping, and labor costs. It is easily archived and sent directly in a machine-readable format. When the recipient receives it, it goes directly into their systems without requiring manual rework. In addition, the e-invoice is now legally equivalent to the paper invoice.
According to the Electronic Invoice Association (VeR), e-invoices can be processed 40 to 50 percent faster than conventional invoices. The savings in material costs are just as high. In addition, the risk of possible transaction errors is significantly lower with e-invoices.
The e-invoice can do a lot, but has technical hurdles
However, the requirements for a valid e-invoice are very high. According to EU Directive 204/55/EU, an e-invoice must be issued, sent, and received in a "structured electronic format that allows it to be processed automatically and electronically".
An invoice in PDF format or a scanned invoice form does not meet the requirements for an e-invoice. Instead, a legally compliant e-invoice must contain specially structured data - with different invoice information required depending on the format.
You can master these challenges and many more with the CIB invoice toolbox - the powerful SDK for generating e-invoices.
CIB invoice toolbox: the features
Convenient data transmission
Simply transfer your invoice data to CIB invoice toolbox via the API. It will then automatically perform the necessary formatting and calculations. It also points out the missing data.
Converting digital formats into electronic invoices
If you have invoices as conventional PDF files or in other digital formats, CIB invoice toolboxconveniently helps you convert them into a valid electronic invoice.
Automatic reading of data during scanning
You do not have to type out paper invoices that you have on hand. In combination with CIB doXiview and CIB deepER contents are automatically read through your scanner and an electronic invoice is created from them.
Would you like to find out more about the CIB invoice toolbox? our products page.!
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