What is electronic invoicing?

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.

The invoice data may come directly from the supplier or through a third party that may receive the invoices as paper or PDF or in a proprietary format and translate them into a standard format before sending the data on to your organization.