e-Billing is currently taking markets by storm.
Also often referred to as online invoicing and eInvoicing, it ultimately
aims at reducing current costs of at least €10 for bill issuers and
recipients alike by 60-70%. Paper bills are replaced by electronic bills.
Private individuals can view them, for example, on the online banking
portal and easily authorize them for payment at a press of a button.
Companies download them from the billing portal and are able to
automatically import them to their accounts payable application and
archive them electronically in accordance with statutory requirements.
e-Billing / e-Invoicing European market, Description