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White Paper: Electronic Invoicing
Electronic-invoicing (also known as e-invoicing, EIPP or electronic invoice presentment and payment) has captured the interest of prospective buyers at companies and institutions around the world because of its well documented reputation of achieving the lowest cost Accounts Payable (AP) transaction processing. There are many definitions and capabilities of e-invoicing, including the creation and receipt of an electronic invoice; the transformation of a paper invoice into an electronic invoice; the automated entry and validation of its data by a financial accounting (ERP) system; workflows to resolve purchase order discrepancies, manage non-purchase order invoices, payment approval and electronic payments.
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