What is the difference between the PDF E-Invoicing System I use now and InvoiceNow?
Present Invoicing System
The mode of invoicing most businesses use currently involves a combination of physical and soft copies (PDF) of receipts sent by sellers to buyers.
Sellers extract details for their invoices from their respective ERP systems, before formatting it into human-readable form to be sent to buyers.
The buyers then manually type out the invoice they receive into their ERP system.
As we can see, this is a tedious process which is time consuming and can often be riddled with human errors.
InvoiceNow allows direct transmission of invoices in a structured digital format from one Oracle NetSuite ERP to another, based on the Peppol standards. It is built on Oracle NetSuite for Oracle NetSuite customers.