Maybe the e-billing system is unclear and some countries lags behind other European countries in terms of e-invoicing. It is time avoid stucking in paper traps and PDF invoices, in Europe and in other countries, bills are widely used, whose data is read by specially designed software.
Electronic billing is a bill payment method in which a entrepreneurs can prepare and send bills but customer can pay bills electronically over the Internet. It is widely accepted by many government and other organizations. It is available for private business too.
E-billing is good for both forms of transaction: Business-to-Consumer (B2C) and for Business-to-Business (B2B).
Manager of Infologist from Omniva Latvia says: "The biggest shortage of paper and PDF invoicing is the necessary time resource, which at the same time means financial consumption. The actions involved in handling 1 paper or PDF billing, from e-mail to archiving and error correction, take on average 39 minutes, but for e-invoices only 9 minutes. Thus, the efficiency of work can be increased even more than 4 times, and in cases when companies need to service a large amount of invoices, it can save dozens or even hundreds of hours of work. Time is money, but e-invoicing is an opportunity for anyone - a large, medium or small business - to significantly improve its accounting.”
E-bills can save resources and gives you possibilities to invest your money somewhere else. The paperless mode of transaction is an environmentally friendly and less expensive form of bill payment. It also saves your time and makes business contacts more easier. Your accountant for sure will tell you “Thank you” and customers too, because electronic payment is available 24/7 for access.
What could motivate you to prefer electronic billing?
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