E-invoicing, or electronic invoicing, is the process of sending and receiving invoices in an electronic format, rather than on paper. This involves the exchange of invoice data in a structured, machine-readable format, such as XML or JSON, instead of sending a PDF or a physical paper invoice. E-invoicing can be done through various methods, such as using a web portal, email, or an electronic data interchange (EDI) system. It can also involve the use of software or platforms that automate the creation and processing of invoices.
E-invoicing offers significant benefits to businesses, including cost savings, efficiency, improved cash flow, regulatory compliance, and environmental sustainability. As such, businesses are adopting e-invoicing as a way to become more competitive, streamline their operations, reduce their carbon footprint, and maintain regulatory compliance.
To support customers looking to maximize efficiency and comply with regional regulations, Zuora has introduced support for e-invoicing both through partners with local presence as well as electronic data extract in a standard format.
Zuora will offer direct integration with tax partners, to support electronic invoicing to guarantee compliance with local invoice regulations.
For countries that are not supported by our partners or in simple use cases where integration can be done natively, we have out of the box support to export data via XML PEPPOL (Pan-European Public Procurement Online) v3.0 standard format. Once the data is in XML format, it can then be easily transformed into other electronic formats as required.
If you plan to issue electronic invoices, or have questions about how to issue electronic invoices in Zuora, speak to one of our experts below.
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