InvoiceSharing goes live with free e-invoicing business model

Monday 2 December 2013 08:51 CET | News

Netherlands-based provider of electronic invoices InvoiceSharing has officially launched and is set to make the total process free of charge, from sending electronic invoices to importing them into financial accounting systems.

With this solution, integration to any financial system is free. Also, sending and receiving of invoices is free. The entire process is accredited by the accounting firm Ernst & Young.

Along with the launch of the new free business model, InvoiceSharing also launched three Premium products: a ‘pay me later’ button to pay an invoice from a supplier on time, but have the amount deducted from the supplier’s bank account 30 days later; a business intelligence tool to perform spend analysis on the invoices and an app for sales account managers, to notify them when clients show specific purchasing behavior.

The company is the result of a collaboration between cloud platform TBlox and Intrakoop and works with accounting firm Ernst & Young.

The InvoiceSharing system has two options to send invoices. In case the invoice is sent to a receiver that is not yet an InvoiceSharing user, the invoice is sent in PDF-format. In case the receiver is an existing InvoiceSharing user, the invoice is automatically sent to the accounting system of the receiver. The accounts payable users set the parameters to record invoices only once. All future invoices are automatically converted into journal entries.

InvoiceSharing is developing a platform where anybody can send and receive free electronic invoices. The entire process from sending to receiving of invoices is 100% free. Premium products are the main drivers of the business model of InvoiceSharing.

InvoiceSharing is founded by two entrepreneurs Jeroen Volk (CEO) and Vincent Prooij (CTO) and services users globally.

In recent news, InvoiceSharing has announced it secured USD 1.6 million financing.

In recent news, Simplerinvoicing, a solution which connects various providers of electronic invoicing in a single network, has added InvoiceSharing as a member.

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Keywords: InvoiceSharing, free e-invoices, business model, importing e-invoices, Netherlands
Categories: Banking & Fintech
Countries: World
This article is part of category

Banking & Fintech