What is e-invoicing?
E-invoicing solutions offer companies the opportunity to revolutionize their invoice processing. Digitizing invoices reduces errors, minimizes supplier inquiries, speeds up approval processes and improves compliance.
Advantages of electronic invoicing
Electronic invoicing, also known as e-invoicing, optimizes invoice management and facilitates the integration of invoices and compliance documents.
By digitally processing invoice data and matching it with contracts, purchase orders, service entry sheets and goods receipts, the risk of errors and exceptions is minimized. Electronic invoices transmitted over a digital network and programmed using document data and business rules can be automatically reconciled before payment is approved. Since digital information is more easily accessible across systems than paper-based receipts, electronic invoicing offers numerous advantages:
- Management and control of compliance tasks via a dashboard
- Simplified collaboration within the company and with business partners
- Optimization of cash discounts and current assets
- Reducing the risk of overpayments and fraud
- Improved cash flow for suppliers through faster payments
What is ZUGFeRD?
ZUGFeRD stands for "Zentraler User Guide des Forums elektronische Rechnung Deutschland" and is a hybrid format that contains both machine-readable XML data and a human-readable PDF document. This enables companies to process invoices efficiently without the need for manual data entry. For B2B companies, this offers significant advantages, as it allows the Invoicing process accelerated and errors minimized. However, ZUGFeRD is not new, but is already a proven standard that must now be used consistently from 2025.
The Growth Opportunities Act, which was introduced by the federal government in March 2024, aims to Digitization of the economy to push ahead. An important component of this law is the promotion of electronic invoicing. Companies are encouraged to digitize paper-based processes and use standardized e-invoicing formats such as ZUGFeRD.
Our Cloud Invoice Conversion Service (CICS)
We offer an innovative solution for converting PDF invoices into the ZUGFeRD format. Our conversion tool in the cloud can be used by customers through a pay-per-use model. You only pay for what you use!
Our tool is linked to the customer's SAP system, regardless of whether the customer uses SAP ERP on Premise, S/4HANA or another version. This integration is done via an API that enables seamless and fast conversion. By using our cloud tool, you can make the transition to electronic invoices simple and efficient without having to make extensive changes to your existing systems.
Cloud Invoice Conversion Service (CICS)
Use the conversion service from the BTP cloud in the pay-per-use model
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01.
Validation
The invoice data that enters the BTP converter via API is automatically checked.
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02.
PDF/A conversion
The documents are first converted to PDF/A format.
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03.
Creation of ZUGFeRD
An invoice in ZUGFeRD format is generated from the PDF/A.
Digitization and automation of invoice processing
The digitalization and automation of invoice processing via a digital business network frees up resources in accounts payable. This allows team members to focus on strategic tasks that further optimize and simplify processes.
The processing of PDF invoices, non-purchase order invoices and complex services can be automated and contactless. The use of business rules in electronic invoice processing improves compliance with purchasing guidelines and contracts as well as the use of discounts, which reduces costs and increases productivity.
Digitized processes instead of paper-based workflows
Relieve your accounts payable team of manual tasks with a contactless, digitized e-invoicing process so they can focus on more strategic activities.
- Reduce costs and improve cash management to make better use of cash discounts.
- Manage complex services and order-independent invoices more efficiently.
- Improve compliance with contracts, company policies and global e-invoicing regulations.
- Configure workflows to meet specific requirements.
- Support faster and more accurate invoice processing.
- Enable web-based access to invoice status and liquidity forecasts.
E-invoice: Convert PDF invoice to ZUGFeRD
Since the beginning of 2024, there has been a lot of noise about the Growth Opportunities Act, e-invoicing, XRechnung and ZUGFeRD. Yet the topic is basically old hat. Solutions for the...