eInvoicing

What is e-Invoicing?

Electronic invoicing is the transfer of an invoice document through an electronic format between the supplier and buyer, directly entering the buyer's accounts payable ledger without any manual intervention such as data entry or invoice validation.

Sending invoices via email or fax is not considered electronic invoicing.

Benefits of e-Invoicing

Suppliers

• Transparency - Visibility into the invoicing process
• Faster Payment - See below turnaround time average difference for electronic invoices compared to paper
• Reduced Costs - printing, paper, postage, phone calls...

Environment

• Sustainability - Environmentally friendly invoicing
• Greener NHS - Supports the NHS to become a carbon net zero national health system

Time

• Reduced time - Days on average electronic invoices are paid quicker than paper invoices: 21* (*Based on invoices paid between January-December 2021)

e-Invoicing Options

NHS SBS are working in partnership with Tradeshift, an exciting business platform to deliver e-Invoicing for suppliers to our NHS clients.

Registering with Tradeshift is quick and simple and the benefits are immediate. If you are an SME or low volume supplier then the web-based portal at www.tradeshift.com is likely to be the best solution, offering immediate access to submit and review invoices wherever you are.

If you submit a higher volume of invoices, you may wish to consider integrating your existing invoicing software with the Tradeshift system. This is a simple process, with support available, to help you see just how beneficial e-Invoicing could be for your business.