{"id":2209,"date":"2018-06-14T09:47:00","date_gmt":"2018-06-14T08:47:00","guid":{"rendered":"https:\/\/www.alvantia.com\/?p=2209"},"modified":"2018-07-31T11:08:15","modified_gmt":"2018-07-31T10:08:15","slug":"e-invoicing-distinctive-features-and-benefits","status":"publish","type":"post","link":"https:\/\/www.alvantia.com\/en\/e-invoicing-distinctive-features-and-benefits\/","title":{"rendered":"E-invoicing: distinctive features and benefits"},"content":{"rendered":"

For some years now, commercial transactions have been moving towards the digital world. However, we still maintain processes that reduce the agility and competitiveness of companies and entail an additional cost for them. One of them is physical or manual billing, which is still used in many organisations in our country.<\/span>
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In this post we are going to talk about e-invoicing and how, beyond its distinctive features of obtaining and sending invoices, it offers a series of benefits with which companies will streamline their invoice management processes.<\/span><\/p>\n

An e-invoice is, as its name suggests, an invoice that has the same legal effects as a paper invoice. However, e-invoices are issued and received in electronic format. It is one of the most regulated documents worldwide as it provides new security conditions, thereby improving the exchange of documents.<\/span><\/p>\n

The E-invoice in the world<\/strong><\/span><\/h2>\n

More than 60 countries use e-invoicing, optimising their internal processes.\u00a0In Spain, this process is regulated by the<\/strong>\u00a0FACe<\/span><\/span>,<\/a> platform in which the different administrations, autonomous communities and local authorities participate to manage all the processes that e-invoicing entails. The use of this type of invoice is increasing: in the first month of 2017 more than half a million invoices were submitted, a figure that exceeds that of 2016, which did not reach half a million.<\/span><\/p>\n

In 2016, some 35 billion e-invoices were issued worldwide, of which 10 million corresponded to Europe, and half were managed by Latin American countries.<\/span><\/p>\n

Latin America is experiencing the e-invoicing boom: Chile was a pioneer country in e-invoicing and in Mexico about 6 billion invoices were processed in that format in 2016. For its part, Peru is undergoing a process of massification of e-invoicing similar to that witnessed in Brazil, where about one million proof of receipt slips are exchanged monthly.<\/span><\/p>\n

As a consequence of the multiple advantages offered by the digital world, it was considered appropriate to adopt this model of digital invoicing, based on highly successful experiences at both national and international level and adapting them to our reality and day to day in the financial world.<\/span><\/p>\n

Benefits of E-Invoicing<\/strong><\/span><\/h2>\n

Through this invoice management model, many companies in the financial sector have modified for the better their method of processing the hundreds or thousands of invoices they receive annually.<\/span><\/p>\n

The main benefit it offers is that it allows companies to exchange documents without the need to resort to physically transporting<\/strong> them, printing them on paper, or their resulting storage.<\/span><\/p>\n

We can divide the benefits provided by e-invoicing into two blocks:<\/span><\/p>\n

1) Environmental and social benefits<\/strong>: it prevents pollution<\/span><\/p>\n