FAQ - Electronic Invoicing

    More organizations are enabling suppliers to submit invoices electronically, either directly or through a supplier portal.  Electronic invoices submitted directly can be automatically validated and matched for fast processing.

    Electronic invoicing (or e-invoicing) allows businesses to receive invoice data from suppliers in an electronic format (typically electronic data interchange) that can be read by the buyer’s accounts payable system and posted directly to an enterprise resource planning (ERP) application, without human operator intervention.

    An electronic invoicing network (or e-invoicing network) provides suppliers with confirmation that buyers received their invoice, as well as real-time status on invoices and payments.