What is Invoicing?

Invoicing in procurement is a crucial aspect of the source-to-pay (S2P) process, encompassing the issuance, submission, and handling of invoices between buyers and suppliers. This integral component ensures a transparent and efficient financial transaction workflow within the procurement cycle.

During the invoicing phase, suppliers generate and send invoices detailing the products or services provided, along with associated costs, to the purchasing organization. In turn, buyers meticulously review and validate these invoices for accuracy, adherence to contractual terms, and alignment with the goods or services received.

Learn more about Ivalua’s e-Invoicing & Invoice-to-Pay Solutions.