How e-invoicing strengthens your digitalization strategy
Companies benefit from liquidity, efficiency and security
Paperwar adieu! As part of their digitalization strategy, more and more companies are switching to e-invoicing. Some because they start at 27.11. are forced to take advantage of the many advantages.
The 7 success factors of e-invoicing
1. Technical progress for the entire economy Digitizes and harmonizes business processes.
In all industries and sectors. 2. Higher liquidity due to faster invoice processing Shortens throughput times and ensures fast invoice payment. 3. Increased efficiency through process optimization Less effort through paperless invoicing. Postage and paper costs are eliminated. 4. Structured data New format simplifies the further processing of the invoice.
5. Security Highest security standards during transmission.
6. Attractiveness through innovative business processes Makes companies (more) attractive for companies that also use e-invoicing.
7. Sustainability through resource conservation Reduces paper consumption and transport emissions and protects the environment.
Many companies are already “e-ready”! Due to the many advantages, the majority of companies have already made the switch. However, SMEs are also taking a stand in order to benefit from the positive aspects of the e-invoice. In the long term, it can be assumed that e-invoicing or similar processes will be used nationwide .
Attractiveness through innovative power
Instead of mountains of paper, high administrative costs and immense postage costs , users enjoy the advantages of e-invoicing. The new method also makes them more attractive to customers, business partners and employees. This is because they benefit significantly from faster, simpler and more secure invoice processing.
Good for business and the environment
In addition to the digitization goals of the entire economy, e-invoicing also meets the “sustainability imperative”. => No paper means no mailing, no physical transport and therefore no CO2 emissions!
EU prescribes e-invoice
Anyone who has the state or the public sector as a customer can consider themselves lucky. In order to be able to execute these coveted orders, companies must also be EU-compliant when invoicing. Concretely: From 27.11. they have to offer digital invoices e.B. via XRechnung. This is quick and easy to implement and opens up lucrative opportunities. Also in the B2B and B2C sector.
XInvoice leading
One format has already established itself: XRechnung. Most companies, large or small, work with it. However, if you work or want to work for the federal government or authorities, you can also use any other CEN-compliant format, e.g. ZUGFeRD. Tip: Assign a competent partner to introduce the new standard to you! As an official SAP partner, we are happy to support you.
The new normal: E-invoice becomes standard
One thing is certain: sooner or later, analogue invoicing will die out. For harsh economic, procedural and climate-related reasons. The fact that the federal government is rushing, that the first cities such as the Hanseatic city of Bremen and countless companies have already switched to XRechnung confirms this trend. It can be assumed that other cities, municipalities, states and large parts of the economy will make digital invoicing the standard. We are an expert in e-invoicing! We would be happy to advise and support you in all matters relating to XRechnung, ZUGFeRD & Co.
Take the lead!
With the rapid changeover, companies not only remain competitive, but can also take on a pioneering role as innovation drivers and opinion leaders. So don’t just switch to e-invoicing, but convince suppliers, customers and partners of the advantages of mutual, digital invoice exchange via XRechnung. Forward this article! This enables you, your partners, the industry and your customers to support you in your daily business processes.
More information about XRechnung and ZUGFeRD
