Electronic invoices are a specific type of EDI messages (Electronic Data Interchange) . EDI also includes other types of documents which will be transmitted electronically.
Electronic invoicing are often divided into two categories. Business-to-business and business-to-consumer.
The cost of handling paper invoices is for example increased as the postage are becoming increasingly expensive. Therefore, it may be beneficial for you to implement a solution for electronic invoice management.
eFaktura vs EHF faktura
The difference between the two formats is that eFaktura is developed by the banks and ends up directly in your online banking while in the newer format EHF, the invoice is sent to your accounting system.
eFaktura is a registered trademark which is owned by Nets. About 6,000 companies are eFaktura-customers and these customers send each and every day thousands of invoices electronically.
eFaktura makes it much easier for customers to pay bills. However, companies can not force its customers to receive eFaktura, it is up to each customer to conclude an agreement with its bank.
There is no doubt that you already now have concluded an agreement with a company to receive invoices directly into your bank account. For example, a lot of people all ready have agreements with their TV and Internet service provider or mobile operator.
Since it is often very expensive to get companies to issue paper invoices it can be extremely beneficial for you, both as a company and a private person to get an agreement on eFakturering.
EHF invoice comes straight out to the customer's accounting system unlike eFaktura that ends up in the netbank.
EHF is a pan-European digital format for billing for companies and public authorities. Currently it is not appropriate for private customers to receive EHF. The Norwegian government introduced in 2012 a requirement that all invoices to government agencies should be sent electronically in the EHF format. The objective is that the EHF will spread and in the future will be used by all companies across borders in Europe.
In order to send and receive EHF you must have one of the many billing or accounting systems that are connected to the EHF network (for example Dynamics NAV).
Unlike eFaktura, with EHF you don't need a special agreement with the other party to send an invoice. All you need is the recipient's organization number used to identify the company at the EHF network.
Invoices in the EHF format processing data automatically so that companies receiving invoices in EHF format saves a lot of time on the accounts.
Just remember to check that the recipient uses a system that supports EHF, if you pass the bill in this format.
Solution to receive Safety & invoice
We have developed a fully integrated add-on solution for Dynamics NAV / Navision that makes it quick and easy for you and your employees to receive, approve and record electronic invoices. Read more about the add-on solution for electronic invoicing, Active Workflow.