CHALLENGES AND BENEFITS OF E - INVOICE EXCHANGE SYSTEM IMPLEMENTATION

Mancheski, Gjorgji and Jovanoska, Dijana and Boshkoska, Meri and Midovska, Marija (2019) CHALLENGES AND BENEFITS OF E - INVOICE EXCHANGE SYSTEM IMPLEMENTATION. In: 11th International Conference: Digital Transformation of the Economy and Society: Shaping the Future, 19-20 October, 2019, Prilep.

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Official URL: http://eccfp.edu.mk/files/biltens/Proceedings_2019...

Abstract

The global information and communication infrastructure is the basis for the current integration of economies, cultures and societies around the world. Electronic technology involves the combined use of information technology and telecommunications. This technology enables companies sending large amounts of information over a long distance in a short time period. E-invoice exchange system enables businesses to reduce costs and errors, increase the security and money flow in the company and to become more environmentally friendly. Тhe implementation process of this type of invoice exchange system can be a long-term process because not all businesses can move to e‐invoicing at the same time. The process of exchanging electronic invoices is fully automated and is economical as opposed to the traditional way of exchanging invoices. The main goal of this paper is to research what are the key benefits of implementation of the electronic invoice exchange system for the businesses. It has already been established that the e-invoicing is an ideal time saving solution and it improves the productivity and service quality compared to the traditional paper invoicing. This paper will compare the disadvantages of the traditional and the benefits of the e-invoice exchange system. In addition, will include a comparative analysis of these two types of invoice exchange systems.

Item Type: Conference or Workshop Item (Paper)
Subjects: Scientific Fields (Frascati) > Social Sciences > Economics and Business
Divisions: Faculty of Economics
Depositing User: Mr Dimitar Risteski
Date Deposited: 10 Dec 2019 09:49
Last Modified: 11 Dec 2019 07:29
URI: http://eprints.uklo.edu.mk/id/eprint/2157

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