E-invoicing: An overview

Corporations, E-invoicing, ONESOURCE December 4, 2024 “Opening up the books” takes on a whole new meaning with the introduction of e-invoicing. While paper invoicing has been on the decline for decades, the increased impetus on corporations to provide more data, more transparency, and more cooperation with governments around the world has led to e-invoicing taking centre stage as the next revolution in indirect tax accounting, auditing, and reporting. Selecting the right e-invoicing solution in an ever-changing, complex world is likely to be on the agenda in the coming months and years for many MNCs, but finding a comprehensive, integrated, compliance solution will reap major benefits in the short and long term.What is e-invoicing?E-invoicing, or electronic invoicing, is the process of generating, sending, receiving, and storing invoices in a digital format.E-invoicing differs from digital invoicing in a couple of ways. Where digital invoicing refers to invoices that can be sent electr...