Because of the numerous benefits of electronic invoices, many countries are enacting regulations that mandate their use. The US was one of the last countries to embrace electronic invoicing, so only federal agencies are currently required to use e-invoices. However, more and more businesses are embracing it and choosing to send and receive invoices electronically instead of using traditional paper-based invoices. The top reasons e-invoicing is a must for US businesses are: 1) Improves compliance with US regulations, as e-invoicing is compulsory for business-to-government (B2G) transactions and expected to become compulsory for business-to-business (B2B) transactions soon. 2) Helps avoid penalties for non-compliance with relevant e-invoicing mandates.
Source Storecove
