Digital invoicing and e-invoicing are often used interchangeably, but there is a subtle difference between the two terms.
Digital invoicing refers to the process of creating, sending, and receiving invoices electronically. This can include sending invoices as PDFs via email or uploading them to an online portal for payment. Digital invoicing can be done manually or with the help of accounting software.
On the other hand, e-invoicing, also known as electronic invoicing, is a more specific term that refers to the automated exchange of invoices between two systems in a structured electronic format, often using a standardized syntax like XML. In this process, the invoice data is directly transmitted from the seller's billing system to the buyer's accounting system, with little to no human intervention required.
In summary, while digital invoicing is a broad term that encompasses any electronic invoicing process, e-invoicing refers to a specific type of digital invoicing that involves the automated exchange of structured electronic invoice data.
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