E-invoicing

To date, more than 90 percent of all invoicing is still performed on paper. E-invoicing simplifies this process and makes it much more economical by using portal-based digital communications, e-mail and online banking. This could translate into 240 billion euro of annual savings in Europe alone.

Other benefits include:

• Easy archiving and the option of linking the system to management information systems. Users can also add options to e-invoicing, such as dispute reports and electronic attachments.
• Debtors pay their invoices more promptly thanks to the greater convenience offered by the system, so e-invoicing is an extremely welcome tool for effective debt management.
• Apart from the direct administrative and handling advantages, e-invoicing offers interesting opportunities for reducing CO2 emissions.

However, in today’s e-invoicing market it is impossible for the majority of businesses and consumers to make use of a single e-invoice solution. Equens provides a service that literally ‘dissolves’ the problem: the Value Document Switch (VDS) that interconnects billing service providers by using a standardised approach.