Introduction to e-invoicing
Electronic invoicing (e-invoicing) is the digital exchange of invoices between businesses. Instead of paper documents, invoices are sent in electronic formats such as XML or PDF, making it easier to share billing information. This approach can lower costs, speed up payments, improve accuracy, and provide stronger security compared to paper-based methods.
E-invoicing also helps businesses of all sizes simplify their invoicing process and reduce manual administrative work. Banqup supports automated workflows for different types of transactions, including business-to-government (B2G), business-to-business (B2B), and business-to-consumer (B2C).
For more information about e-invoicing in Banqup, visit our website.
Invoice automation
Invoice automation involves the use of software and technology to automate various tasks associated with invoicing. This includes generating invoices, validating data, sending reminders for overdue payments, processing payments electronically and manage tax reporting. Automation reduces manual effort, speeds up the invoicing cycle, minimizes errors, and improves overall efficiency.
Invoice digitalization and automation streamline invoicing processes and enable businesses to manage their finances more effectively. Additionally, they facilitate better integration with accounting systems, improve compliance with regulatory requirements, and provide insights through reporting and analytics.
Integrate e-invoicing APIs
The Banqup Docs Portal offers a comprehensive package of APIs that can enable invoicing digitalization and automation. To integrate our Banqup APIs that will make it possible to automate both the inbound and outbound invoicing process, check out these guides:
- API Recipes: quickly integrate sales and purchase processes in Banqup.
- Sales flow: learn about the sales lifecycle in Banqup.
- Purchase flow: learn about the purchase lifecycle in Banqup.
For more information about documents, also check out the glossary.