Electronic invoicing (e-invoicing) is the digital exchange of invoice documents between a supplier and a buyer. This automated transfer of invoices is commonly used in eProcurement and online B2B transactions.
Unlike traditional paper invoices, e-invoices used in eProcurement are generated, sent, received, and processed electronically using cXML, XML, or EDI formatting. These methods eliminate the need for manual data entry and significantly enhance the accuracy and efficiency of the invoicing process.
The most common way to transmit e-invoices is through cXML or EDI. While XML can be used, it’s less common and mostly found in Oracle platforms.
In this blog, we will cover the benefits of electronic invoicing, key features, how it works, and the difference between EDI and cXML.
Benefits of Electronic Invoicing
Watch our video to explain how electronic invoices (and purchase orders) work in an e-Procurement system. – Ariba, Coupa, SciQuest, cXML, XML and EDI