How external invoicing is changing the game

In recent years, B2B invoicing has shifted from manual processes to automated systems, with e-invoicing becoming the norm. The 2014 EU Directive aimed to make B2B e-invoicing mandatory, leading to discussions and challenges for businesses. E-invoicing offers benefits such as time and cost savings, faster transactions, fewer errors, simpler archiving, and improved partner relationships. Businesses can choose between managing e-invoicing internally or outsourcing to external providers, depending on their internal resources. However, handling e-invoicing in-house requires technical expertise and common errors include assuming existing team members can manage the work and relying on just a few individuals.

Source Ecosio