E-Invoicing
E-Invoicing is a digital platform or system that enables the electronic exchange of invoices between businesses and government entities, automating the creation, sending, receiving, and processing of invoices. It replaces paper-based or manual invoicing processes with standardized electronic formats, often integrated with accounting software and regulatory compliance tools. This technology streamlines financial operations, reduces errors, and enhances transparency in business transactions.
Developers should learn and use E-Invoicing when building or integrating financial systems for businesses, especially in regions with mandatory electronic invoicing regulations like the European Union or Brazil. It is crucial for automating accounts payable and receivable processes, ensuring compliance with tax laws (e.g., VAT reporting), and improving efficiency in supply chain management. Use cases include developing ERP modules, creating APIs for invoice data exchange, and implementing real-time validation against government portals.