Many people confuse eBill with receiving an invoice via email. These are two completely different things. When someone receives an invoice via email, they have to sift through the specified payment information and then manually transfer it or scan it in using another device. Mistakes can creep in when manually entering the account number, reference number, or payment amount. In many cases, recipients print out the invoice during this step.
With eBill, this source of mistakes is avoided since everything happens automatically. The invoice is automatically read into the e-banking application, and the recipient only has to approve the timely payment with a single click. From a technical perspective, eBill therefore involves a system solution that enables a digital end-to-end process.
The automated process not only avoids mistakes, it’s completely paperless. In addition, with eBill there’s no danger that the invoice will accidentally end up in the spam folder and be forgotten, which can result in late payment fees. Furthermore, since eBill was introduced, there have been no incidences of fraud. And eBill will continue to be offered to invoice recipients at no cost.
eBill offers another advantage. After payments are processed, the invoices are stored on the platform for 730 days, and are saved automatically in your own electronic folder after the invoice has been approved.