E-Invoicing, or electronic invoicing, is the process of sending and receiving invoices in a digital format. This method replaces traditional paper invoices, allowing businesses to streamline their billing processes. E-Invoices can be generated, sent, and processed automatically, reducing the time and effort needed for manual entry and minimizing errors. By using E-Invoicing systems, companies can improve their cash flow and enhance record-keeping. These systems often integrate with accounting software, making it easier to track payments and manage finances. Additionally, E-Invoicing supports faster payment cycles, benefiting both suppliers and customers in the transaction process.