QUESTIONS AND ANSWERS
E-billing and legislation explained
On our Future Finance channel, we share our knowledge about e-billing, standards and legislation.
2 min. reading time
Why are PDF documents becoming increasingly unloved by organizations?
Aug 25, 2024 by Jeroen Rozeboom, Digital Transformation Specialist
2 min. reading time
Do e-invoices contribute to the digital transformation goals that organizations have?
Aug 25, 2024 by Jeroen Rozeboom, Digital Transformation Specialist
1 min reading time
What technology trends are we seeing in e-invoicing?
Jul 12, 2024 by Jeroen Rozeboom, Digital Transformation Specialist
1 min reading time
What is ViDA and what does it mean for me?
Jul 12, 2024 by Jeroen Rozeboom, Digital Transformation Specialist
2 min. reading time
What is Continuous Transaction Control (CTC)?
Jul 3, 2024 by Jeroen Rozeboom, Digital Transformation Specialist
LASTEST NEWS
Continuous Transaction Controls
The latest news on developments on e-billing obligations for business invoices.
2 min. reading time
ViDA bill: where do we stand now?
Sep 6, 2024 by Editorial 4Exchange
Changes Spanish bill mandatory e-invoicing
Jun 13, 2024 by Editorial 4Exchange
B2B e-billing in Poland mandatory from 2026
Apr 30, 2024 by Anoek van der Riet
US and EU explore cross-border e-invoicing
Apr 16, 2024 by Editorial 4Exchange
1 min reading time
German Federal Council approves mandatory e-invoicing
Mar 25, 2024 by Anoek van der Riet
Spain publishes draft regulation on billing rules
Feb 7, 2024 by Editorial 4Exchange
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Does 4Exchange offer e-billing?
Yes. E-billing or electronic invoicing, involves sending and receiving invoices in a particular data format. E-billing is the core of 4Exchange. 4Exchange converts various invoice formats, including PDF, to a data format (many-to-one), and vice versa, that is, from a data format to one or more invoice formats (one-to-many).
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Can 4Exchange handle PDF invoices?
Yes. We convert machine-readable and non-machine-readable PDF invoices to a data format. And we convert a data format to any PDF form, should a debtor require it.
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Can we say goodbye to OCR?
Yes. The 4Exchange platform itself uses OCR technology, among other things, to extract information in PDF invoices. outsourcing by 4Exchange implies that you no longer have to do this yourself.
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Is 4Exchange also a Peppol Access Point?
Yes, we are a Peppol Access Point. If you are looking for only a Peppol solution, however, we are a less suitable party. Our platform is a much better fit for more complex administrations. For example, if you send invoices to many different companies, not all of which have to work in accordance with Peppol, for example, then we would be happy to get in touch with you.
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Should we adjust our financial administration ?
No. The 4Exchange platform works between your systems and various billing channels, including e-m,ail programs, e-invoicing networks and SFTP environments. Conversions and validations take place in the platform. So you can just keep using your invoice processing systems and billing .
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Is cooperation from suppliers or customers required?
A little bit. Suppliers and customers can continue to work with their systems and practices. Suppliers will only have to send their invoices to a new address and indicate whether they can also send invoices directly as e-invoices. And customers will need to specify how they wish to send invoices receiving. We are taking the lead in onboarding suppliers and customers.
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Does 4Exchange offer more than invoice receiving and invoice delivery?
Yes. Our sister companies within the 4CEE group specialize in both processing (coding, matching) received invoices and invoicing (preparing, following up) to customers. So we are very familiar with the playing field of accounts payable and accounts receivable.
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Is 4Exchange limited to invoices?
No. In addition to invoices, we also process related documents in purchase to pay and order to cash processes, such as credit notes, purchase orders and order confirmations. So you can bring the entire flow of "commercial documents" to us.