E-Invoicing 
revolution: 
Navigating the
new era of global compliance

What is e-Invoicing?

E-invoicing, short for electronic invoicing, refers to the digital exchange of invoices between a supplier and a buyer. Instead of traditional paper-based invoices, e-invoicing involves sending 
and receiving invoices electronically, typically through electronic data interchange (EDI), email, 
or specialized invoicing platforms.

E-invoicing streamlines the invoicing process, reducing manual errors, saving time, and facilitating faster payment processing. 
It also enhances transparency and compliance with regulatory requirements in various jurisdictions. Vendors, or suppliers, use 
e-invoicing to efficiently manage billing processes, improve cash flow, and strengthen relationships with customers by providing accurate and timely invoices electronically. It has been in use since the mid1960s.

E-invoicing mandates, take e-invoicing a step further, as governments strive to enhance tax collection and streamline tax reporting processes. E-invoicing mandates are comprised of the format, required content, and exchange requirements between businesses according to a country’s requirements. These mandates provide tax authorities with greater transparency, accuracy, and efficiency 
and move businesses towards a modern standard for invoice exchange that accelerates cash flows and bolsters economic vitality.

To date, more than 60 countries world-wide have implemented e-invoicing mandates and more countries are implementing mandates each year. While there are many similarities between these e-invoicing mandates, each country has its own specifications, which encompass the e-invoice format, required and optional fields, and exchange platforms.