Automated invoicing, also known as EDI invoicing, is increasingly important in modern commerce. It involves the electronic exchange of invoice information between business partners using standardized electronic file formats. Implementing EDI invoicing poses challenges in setting up technical connections, managing legislation, and integrating the solution into existing ERP systems. Despite these challenges, the benefits of EDI invoicing include increased efficiency, cost savings, reliability, improved data visibility, and better partner relations. Common mistakes when implementing automated B2B invoicing include failing to plan, overestimating internal capability, and not prioritizing flexibility. Virtually every industry can benefit from EDI invoicing.
Source Ecosio
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